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Best Corporate Citizens |
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lived out in business: 29 Firms Make
100 Best Corporate Citizens List Five Years in a Row
MINNEAPOLIS, MN - MAY 3, 2004
[posted 5-7-04]
[a press release from Business Ethics]
Now in its fifth year, the annual listing
of the 100 Best Corporate Citizens for 2004 celebrates 29 firms that made
the list five years in a row. The most consistent performer was Procter &
Gamble, which this year ranked No. 2 and has been in the top five all five
years. Hewlett-Packard has made the top ten all five years and placed No. 8
this year, according to Minneapolis-based Business Ethics magazine,
which released the list today.
The ranking identifies companies among the
Russell 1000 -- the largest publicly traded companies -- that excel at
serving a variety of stakeholders well. The ranking is based on quantitative
measures of corporate service to seven stakeholder groups: stockholders,
employees, customers, the community, the environment, overseas stakeholders,
and women and minorities.
The top four companies for 2004, in rank
order, are Fannie Mae, Procter & Gamble, Intel, and St. Paul Companies --
all of which have made the list five years running.
Other five-year firms include Avon
Products, Ecolab, Herman Miller, Modine Manufacturing, Pitney Bowes,
Starbucks, Merck, Brady Corporation, and Sonoco.
The cutting-edge practices of these firms
offer model business strategies in good corporate citizenship:
 | Fannie Mae in 2003 financed over $240
billion in home mortgages for 1.6 million minority first-time home buyers. |
| P&G has created technology that helps
people in developing nations clean and disinfect water at low cost, at
home. |
| Green Mountain Coffee pays Fair Trade
prices for coffee beans from farmer cooperatives in Peru, Mexico, and
Sumatra. |
| Kodak has cutting-edge
anti-discrimination policies for gay, bisexual, and transgender employees. |
| At Deere & Company, since 1975 the
company's lost-time injuries rate has dropped 94%. |
Statistical analysis for the list was
done by Sandra Waddock and Samuel Graves of the Carroll School of Management
at Boston College in Chestnut Hill, Mass. Social ratings were provided by
KLD Research & Analytics of Boston, a research firm serving socially
responsible investors.
The 100 Best Corporate Citizens story will
appear in the spring issue of Business Ethics, which for 17 years
has been the premier publication for the movement to bring greater social
responsibility into business. Free sample issues and subscriptions can be
obtained by calling 800/601-9010. For more information, plus the full list
and story, see
http://www.business-ethics.com/100best.htm
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PVJ's
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Voices of Sophia blog
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and devotees, from many parts of the world, all children of the God
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John Harris’ Summit to
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John Shuck’s Shuck and Jive
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