Top 5 Responsible Corporations in the U.S.
Corporate Responsibility Magazine released its 15th annual list of the top 100 U.S. corporate citizens last week, measured through evaluating publicly available information on Russell 1000 companies using 268 data metric points in seven separate categories: climate change, employee relations, environment, finance, governance, human rights, and philanthropy. The magazine, published six times per year, has the stated mission of providing investors, customers, and others with as much information as possible about the companies it interacts with in an effort to make the market more efficient via transparency. Below is the list’s top 5 companies.
1. Bristol-Myers Squibb (NYSE:BMY)
Leading this list three times in the past five years is another notch on Bristol-Myers Squibb’s corporate responsibility awards belt, celebrating its work in environmental sustainability, health, and safety. It placed first this year because of its philanthropy, donating $3.28 million in grants toward returning veterans’ mental health needs last December. In the same month, Bristol-Myers Squibb signed a licensing agreement with Medicines Patent Pool increasing low-cost HIV/AIDS medication availability to 110 developing countries. The company also partnered with AstraZeneca (NYSE:AZN) to donate a $5 million, three-year grant to the American Diabetes Association as well as $1 million towards patients with cancer.
2. Johnson & Johnson (NYSE:JNJ)
The world’s largest medical device and diagnostics company ranked second this year due to its global efforts in improving maternal and child health as well as industry-wide transparency. In January, Johnson & Johnson partnered with Yale School of Medicine to share clinical trial data, marking the first time a company has partnered with an independent third party to review and make decisions regarding requests for the company’s clinical data, with the goal of sharing knowledge to better advance public health. Johnson & Johnson also continued their partnership with the United Nations Foundation in their Millennial Development Goals to advance the health and life expectancy for as many as 120 million women and children annually worldwide.
3. Gap, Inc. (NYSE:GPS)
This is the Gap’s ninth consecutive year on the corporate responsibility list and is among a number of awards the company won this year, including fourth place on Fortune’s World’s Most Admired Companies list. Its P.A.C.E. (Personal Advancement & Career Enhancement) program teaches basic skills such as financial literacy and problem solving to female garment workers, who make up 80 percent of the industry globally, in seven developing countries. Gap also raised its minimum hourly wage for their 65,000 U.S. employees and increased the company’s environmental sustainability goals.
4. Microsoft (NASDAQ:MSFT)
It shouldn’t be a surprise to many that Microsoft made it into the list’s top five. As highlighted in their 2013 Citizenship Report, Microsoft celebrated its 30th annual employee matching contribution campaign, which raised $100 million for 18,000 nonprofits worldwide during the last fiscal year, as well as donated $795 million in software to over 70,000 nonprofits. It also launched YouthSpark, aimed at creating opportunities for 300 million youth worldwide through grants and software donations. Last year, Microsoft reduced its environmental footprint by becoming carbon neutral.
5. Mattel (NASDAQ:MAT)
The toy manufacturer best known for their Barbie and Hot Wheels brands rounds out the top list. Making this year’s Fortune list of best companies to work for along with the Gap, Mattel’s employee Code of Conduct stresses “ethical” decision-making and responsibility to consumers, shareholders, and the community. The company sustainably sources and uses post-consumer recycled materials in its packaging where possible. Mattel has one of the strongest global manufacturing policies published protecting workers’ wages, safety, and living conditions.