AT&T Earns Top Honors in CR Magazine's 100 Best Corporate Citizens List
Corporate Responsibility Magazine announced its 14th annual 100 Best Corporate Citizens List this week at the New York Stock Exchange. The list ranks publicly-traded companies based on 298 data points across seven categories: environment, climate change, employee relations, human rights, governance, finance, and philanthropy.
Topping the list this year was Dallas-based telecommunications firm AT&T, Inc. (NYSE:T), a company which has distinguished itself for its water conservation and energy efficiency programs, among other sustainability initiatives.
"We are pleased to honor the companies on this year's Best List, as they represent a tried and true standard of transparency within the Russell 1000," said Dirk Olin, editor-in-chief and publisher of Corporate Responsibility Magazine. "Across environmental, economic, and social values, these firms continue to set the bar high for organizations in the United States."
Rounding out the top ten were, in order, Mattel Inc. (NYSE:T), Bristol-Myers Squibb Co. (NYSE:BMY), Eaton Corp. (NYSE:ETN), Intel Corp. (NASDAQ:INTC), Gap Inc. (NYSE:GPS), Hasbro Inc. (NASDAQ:HAS), Merck & Co. Inc. (NASDAQ:HAS), Campbell Soup Co. (NYSE:CPB), Coca-Cola Enterprises Inc. (NYSE:CCE).
"The publication of CR Magazine's 14th annual 100 Best Corporate Citizens List, shines a spotlight on companies with a strong commitment to transparency and responsible practices," added Elliot Clark, CEO of Corporate Responsibility Magazine. "Each year we are pleased to witness the growing commitment by corporations in an effort to improve their performance."
"As part of our commitment, we will be offering advanced workshops on transparency and CR practices at our annual COMMIT!Forum in New York, October 8th and 9th to help ensure continued growth in this area during 2014," said Clark.
Last year's COMMIT!Forum brought together hundreds of the brightest lights in the sustainability world and highlighted several trends in the industry, including the Global Reporting Initiative's new G4 guidelines and the growing demand for integrated reporting.
The 100 Best Corporate Citizens List also calls attention to those companies who committed serious breaches of responsibility during that past year. Three companies received "yellow cards" and one company, Amgen, Inc. (NASDAQ:AMGN), received a "red card" and was removed from the list.
In December, Amgen pleaded guilty in a case brought by the U.S. Justice Department for misbranding Aranesp, the company's anemia treatment product. The Justice Department alleged that the Thousand Oaks, Calif.-based pharmaceutical company was marketing Aranesp and training sales representatives using studies rejected by the U.S. Food and Drug Administration as insufficient. Amgen agreed to a settlement of $762M.
AT&T, the winning company, noted that its employees were instrumental in earning the company top honors this year.
"When we learned that AT&T was ranked No. 1 on the annual list of the Best Corporate Citizens by CR Magazine, it inspired me to pause and reflect on this great work we've already done this year, and most importantly, the people who have spent years furthering AT&T's sustainability efforts," wrote Beth Shiroishi, vice president of sustainability and philanthropy at AT&T, in a blog post.
"So a huge thank you to our employees for their tireless efforts and to CR Magazine for this honor," she continued, "now it's time to get back to work!"