Four Maryland Philanthropy Network Members Recognized on CR Magazine's 100 Best Corporate Citizens List
Source: Corporate Responsibility Magazine
Corporate Responsibility Magazine (CR Magazine) announced its 19th annual 100 Best Corporate Citizens list, recognizing the standout environmental, social and governance (ESG) performance of public companies across the United States.
"CR Magazine is proud to present the only ESG ranking list that doesn't rely on self-reporting," said Dave Armon, publisher of CR Magazine. "Each year, the 100 Best Corporate Citizens ranking measures the success of the Brands Taking Stands movement by celebrating the most successful, most transparent companies that report on their responsible practices. We congratulate those honored on this year's list for their commitment to corporate responsibility."
The 100 Best Corporate Citizens list documents 260 ESG data points of disclosure and performance measures—harvested from publicly available information in seven categories: environment, climate change, employee relations, human rights, governance, finance, and philanthropy & community support.
The list ranks the Russell 1000 Index and research is conducted by ISS Corporate Solutions. There is no fee for companies to be assessed.
Companies listed on the Russell 1000 are analyzed using publicly available records from their websites, annual reports, shareholder calls, media interviews, NGOs and government documents. The analysis includes 260 data points on environmental, climate change, human rights, employee relations, corporate governance, philanthropy, and financial performance. As a result, companies are rated on what information they disclose as well as how much they disclose.
To compile this ranking, data is obtained from public records and not from private self-reports to the analysts. Many rankings ask companies to fill out surveys and questionnaires about internal operations and ours relies on what is publically available. That’s because transparency and public commitments help make a company’s sustainability program stronger.
“The 100 Best ranking demonstrates that a company is dedicating resources towards its corporate responsibility and sustainability efforts,” explains Jen Boynton editor of CR Magazine. “Public disclosure allows its stakeholders to gain greater insights into a company’s business practices.”
Congratulations to all the companies honored on the 100 Best Corporate Citizens list for 2018.
34. International Business Machines Corp. (IBM)
45. Northrop Grumman Corp.
73. Wells Fargo & Co.
74. Bank Of America Corp.