Citizens Joins City of New York - Co-files GRI Resolution at FedEx.Business Editors PORTSMOUTH, N.H.--(BUSINESS WIRE)--April 28, 2003 Socially Responsible Investment Management Company Notes Growing Importance of International Disclosure Standards Citizens Advisers, Inc. today announced it has co-filed a Global Reporting Initiative (GRI GRI Graduate, Realtors Institute GRI Global Reporting Initiative GRI Gas Research Institute GRI Gallaudet Research Institute GRI General Rate Increase GRI Geoscience Research Institute (Loma Linda, CA) ) resolution at FedEx (FDX See full-duplex. fdx - full-duplex ) with the City of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . The resolution urges the worldwide delivery service to disclose its economic, social and environmental performance using the international standard. A rising number of companies reporting in accordance with the GRI are held by Citizens on behalf of Citizens Funds, one of America's oldest and largest socially responsible mutual fund families. PepsiCo (PEP) and IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) were most recently added to the list. "GRI shareholder resolutions we co-filed with the City of New York, at both companies, were withdrawn after discussions resulted in their willingness to report 'based on' the GRI. Our aim is to be able to add FedEx to the list this year," noted Joanne Dowdell, Citizens' director of corporate responsibility. Also known as the "triple bottom line," the key objective is for economic, environmental and social reporting to be as routine as financial reporting. Through disclosure of qualitative measures, Citizens believes shareholders can make better-informed investment decisions and help shape corporate policy on corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. and important social issues. "Socially responsible companies can make a positive impact on the business environment, which ultimately affects the balance sheet and shareholder value," said Dowdell. "That's why we pay close attention not only to companies currently in the portfolios we manage, but also to those we are considering for inclusion," Dowdell commented. As part of its integrated investment process, Citizens evaluates a company's financial standing as well as its overall role as a good corporate citizen. About Citizens Advisers, Inc. As a leader in socially responsible investing Socially responsible investing describes an investment strategy which combines the intentions to maximize both financial return and social good. In general, socially responsible investors favor corporate practices which are environmentally responsible, support workplace diversity, (SRI), Citizens' mission is to generate superior returns by investing in companies that are fundamentally strong and socially responsible. Citizens offers individual and institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. a wide array of investment options, including domestic and international equity, fixed-income and money market funds. |
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