Nike, Campbell Soup and Chevron are among the best corporate citizens, according to the second annual Top 10 rankings by Corporate Responsibility Magazine.
CR Magazine ranked the Top 10 Best Corporate Citizens by industry in 10 sectors — consumer items; consumer staples; energy; financial, insurance and real estate; healthcare; information technology; materials; media and entertainment; services; and utilities — using publicly available data from Russell 1000 companies collected and analyzed by IW Financial, a Portland, Maine-based financial analysis firm.
The methodology collects 324 data elements in seven categories, each of which weighted differently: climate change (16.5 percent), employee relations (19.5 percent), environment (19.5 percent), financial (12.5 percent), governance (7 percent), human rights (16 percent) and philanthropy (9 percent).
The top three best corporate citizens in each industry are:
- Consumer Items: Nike, Mattel, Gap
- Consumer Staples: Campbell Soup, Sara Lee, Coca-Cola
- Energy: Chevron, Occidental Petroleum, Hess Corporation
- Financial/Insurance/Real Estate: JPMorgan Chase, Wells Fargo, State Street
- Healthcare: Bristol-Myers Squibb, Abbott Laboratories, Johnson & Johnson
- Information Technology: IBM, Microsoft, Texas Instruments
- Materials: Freeport-McMoran Copper & Gold, International Paper, Mosaic Company
- Media and Entertainment: McGraw-Hill, Starbucks, Walt Disney
- Services: Accenture, ManpowerGroup, Waste Management
- Utilities: Spectra Energy, Northeast Utilities, Duke Energy
Bristol-Myers Squibb ranked no. 1 on CR Magazine’s list of 100 Best Corporate Citizens 2012, published in April, followed by IBM, Microsoft, Intel and Johnson Controls.
Last month, C-suite executives at Hormel Foods, PricewaterhouseCoopers, Western Union and Wisconsin Energy were named by CR Magazine as America’s most socially responsible chief executives of the year.
Some 62 percent of companies globally now have formal corporate responsibility programs, up from 42 percent in 2010, according to the magazine’s annual CR Best Practices Survey, released in December. The survey also found that 77 percent of companies expect to expand their CR programs over the next three years, but only 60 percent of organizations have dedicated CR budgets.