100 Best Corporate Citizens List
Corporate Responsibility Magazine’s “100 Best Corporate Citizens List” Chronicles New Rules for a New Market March 03, 2011 12:05 PM Eastern Daylight Time
EDISON, N.J.--(EON: Enhanced Online News)--Corporate Responsibility Magazine unveiled the 12th annual “100 Best Corporate Citizens List” Wednesday in a ceremony at the New York Stock Exchange that revealed an unprecedented level of transparency in U.S. commerce.The “100 Best List” documents more than 320 data points of disclosure—harvested from publicly available information in seven categories: environment, climate change, employee relations, human rights, governance, finance, and philanthropy. The meteoric rise in the market for transparency was amply chronicled by companies’ individual and aggregate performance.
The top 10 ranked as follows: Johnson Controls Inc., Campbell Soup Co., International Business Machines Corp., Bristol-Meyers Squibb Co., Mattel, Inc., 3M Company, Accenture, Kimberly-Clark Corp., Hewlett-Packard Co., Nike Inc. The full list is available at www.thecro.com.
Overall performance improved among the 100 Best by some 5 percent over last year. Equally revealing, 3-year average returns to shareholders of the 100 Best outpaced the S&P average by more than 4 percent. The research behind the CR Magazine rankings is conducted by IW Financial, an industry leader in market data and analysis.
According to Elliot Clark, CEO of SharedXpertise Media, which publishes CR Magazine and produces the Commit!Forum, “This is the 12th annual CR Magazine 100 Best Corporate Citizen’s List and we are gratified to see that once again the overall average of the 100 Best Corporate Citizens in the Russell 1000 improved year over year from 2010. This demonstrates the continuing commitment on the part of these companies to better transparency, accountability and citizenship practices. Our methodology, which is completely disclosed in all of our documents, aggressively ranks the citizenship performance of these top companies. We are proud of the work the team at CR Magazine is doing to promote corporate citizenship as a profession and a corporate practice.”
“The announcement of the 12th Annual Best Corporate Citizens kicks off our annual Commit!Campaign,” said Richard Crespin, President of SharedXpertise. “Through this list and throughout the year we highlight excellence in corporate responsibility and share successful practices, culminating in the Commit!Forum on September 26th-27th in New York City. By making these data and case studies available companies can learn from these corporate citizens and continue improving the role of business in society.”
“The financial performance differential is most striking,” said Dirk Olin, Editor & Publisher of CR Magazine. “This new standard of disclosure has become table stakes—not because some regulator imposed it but because the market demands it. Put simply: Transparency pays.”
About Corporate Responsibility Magazine, CRO Association and CRO Summits
20,000-subscriber Corporate Responsibility Magazine (www.thecro.com) is publisher of the 12th annual 100 Best Corporate Citizens List, among America’s three most-important business rankings according to PR Week. Over 200 large capitalization corporations and institutions are members of the Corporate Responsibility Officers Association (www.croassociation.org), representing 1,200+ individuals dedicated to increasing professionalization of corporate responsibility standards and practices. CROA has a formal partnership with NYSE Euronext. Corporate Responsibility Officer Summits (www.crosummit.com) are recognized worldwide as the leading events for corporate responsibility practitioners. CR Magazine, CROA and CRO Summits are managed by SharedXpertise Media LLC, with offices in Edison NJ, Cambridge UK, Brussels BE, and Singapore.
Corporate Responsibility Magazine Burke Jensen, 202-261-2892