SCOTTS VALLEY, Calif., March 11 /CNW/ -- Seagate Technology (NYSE: STX)
has been named to CRO Magazine's Ninth Annual top "100 Best Corporate Citizen"
list, in recognition of the company's performance across a wide range of
corporate citizenship and social responsibility issues.
"We are proud to receive this recognition from an organization such as
CRO (Corporate Responsibility Officer Magazine), who for nine years has
researched and acknowledged the companies that lead in corporate social
responsibility across a variety of key criteria," said Dave Wickersham,
president of Seagate. "While our efforts are ongoing, this recognition
underscores the hard work Seagate has been doing to advance and sustain its
position in all areas of corporate citizenship."
With transparency being such an important component of corporate
responsibility, IW Financial relies on publicly-available data from company
financial disclosures, sustainability/environment/citizenship reports,
websites, EPA databases, and a number of other sources as part of its
standardized research processes.
CRO also culled the initial rankings and excluded eight companies that
numerically qualified as one of the 100 Best Corporate Citizens because of
alleged transgressions that ranged from suppression of information about
product risks to accounting scandals.
"Some companies have good environmental policies," says Mark Bateman, IW
Financial's director of Research. "Some companies have great employee
relations. Some companies have exemplary human rights records. CRO's 100 Best
Corporate Citizens list answers the question: Which companies do best across a
wide variety of citizenship issues? Companies can't make it onto the list if
they do poorly in too many categories."
The 2008 list marks the 100 Best Corporate Citizens' ninth year in
publication. Business Ethics magazine, which CRO acquired in 2006, published
the list for the first seven years and CRO continued the tradition in 2007 and
2008. The list's methodology for 2008 includes two significant changes. First,
CRO changed rating agencies, switching from KLD Analytics to IW Financial. The
change was driven by IW Financial's dedication to basing rankings solely on
publicly-available data, as compared with KLD's interview-and-
questionnaire-based methodology. Second, the 2008 rankings are limited to the
Russell 1000-companies that represent the largest impact on B2B and consumer
markets. In previous years, the rankings also included the Domini 400
companies, which resulted in a perceived bias in favor of smaller companies.
The 100 Best companies will be honored in a special reception at the
conclusion of the Spring CRO Conference March 27, 2008 at the Union League
Club in NYC. For more information on the CRO Conferences, please go to
For more details about CRO's 100 best corporate citizens 2008, the
methodology and CRO magazine, visit http://www.thecro.com.
About The CRO
CRO is the only membership media platform for Corporate Responsibility
practitioners, and the professional service providers and non-profit
influencers that serve them. The CRO publishes the 20,000-subscriber 'CRO'
Magazine and 200,000+ subscriber TheCRO.com, bi-weekly e-newsletters,
webinars, and produces the four-time-annual CRO Conferences. With over 100
members including leading companies Sara Lee, Amtrak, IBM, Citigroup, Chubb
Insurance, Mattel, Intel, Dell, Pepsi, Home Depot, Starbucks, Avon, Gap, State
Street, Xerox, leading providers such as Deloitte, Baker & McKenzie, SAP,
Hogan & Hartson, Edelman, Manning Selvage & Lee, Grant Thornton, Golin Harris,
Ketchum, Cone, LRN, Integrity Interactive, and non-profits including Stanford
University, Boston College, UCLA, and Harvard. Corporate membership
information can be found at TheCRO.com, or by calling 732-476-6160.
About IW Financial
IW Financial is a leading provider of objective research and technology
solutions that help financial professionals evaluate the environmental,
social, and governance performance of companies. IW Financial's solutions help
organizations identify risks, enhance productivity, provide higher levels of
service, increase revenues, and retain productive advisors. IW Financial's
clients include investment firms, banks, endowments, religious organizations,
universities, and advisors. Portfolio managers, research analysts, marketing
and customer service professionals, compliance professionals, and investment
committees at these organizations rely on IW Financial for in-depth and
actionable information. More information at IWFinancial.com.
Seagate is the worldwide leader in the design, manufacture and marketing
of hard disc drives, providing products for a wide-range of applications,
including Enterprise, Desktop, Mobile Computing, Consumer Electronics and
Branded Solutions. Seagate's business model leverages technology leadership
and world-class manufacturing to deliver industry-leading innovation and
quality to its global customers, with the goal of being the low cost producer
in all markets in which it participates. The company is committed to providing
award-winning products, customer support and reliability to meet the world's
growing demand for information storage. Seagate can be found around the globe
and at http://www.seagate.com.
Seagate, Seagate Technology and the Wave logo are registered trademarks
of Seagate Technology LLC.
For further information:
For further information: Brian Ziel, +1-831-439-5429,
firstname.lastname@example.org Web Site: http://www.seagate.com