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CR Magazine Recognizes Best Corporate Citizens in Government Contracting.

List Released at Roundtable on Improving Transparency & Sustainability in Government Supply Chain

WASHINGTON -- Please replace the release with the following corrected version due to multiple revisions.

The corrected release reads:

CR MAGAZINE RECOGNIZES BEST CORPORATE CITIZENS IN GOVERNMENT CONTRACTING

List Released at Roundtable on Improving Transparency & Sustainability in Government Supply Chain

Corporate Responsibility (CR) Magazine today released the 2nd Annual Best Corporate Citizens in Government Contracting List at the www.thecro.com and distributed the list at the ResponsibilityWorks roundtable, keynoted by Dan Gordon, Administrator of Federal Procurement Policy at the White House Office of Management and Budget.

"The Best Corporate Citizens in Government Contracting List highlights companies that know that how they provide products and services to government is just as important as the successes they achieve," said CR Magazine editor-in-chief, Dirk Olin. CR Magazine research has shown that overall disclosure performance of government contractors that are the most transparent about their corporate responsibility practices improved by some 5% over last year. At the same time, 3-year average returns to shareholders outpacing the S&P average by .65 percentage points, or 32 percent, proving that transparency pays. Government contractors that were able to hold their position among the "Best" include IBM, Accenture, HP, Merck, Dell, Boeing and McKesson.

The List was introduced a year ago to encourage government to take a look at a comprehensive set of factors, including transparency and responsibility data, when making buying decisions. The release coincided with the launch of a government and industry roundtable, ResponsibilityWorks, which has been working closely with representatives from federal and state government on engaging this issue within the government supply chain. At today's annual roundtable event, Administrator Gordon laid out a challenge, to an audience of over 60 government, industry, non-profit and nongovernmental organization executives, around how best to account for corporate responsibility in contracting in a way that does not disadvantage small businesses or cause disruption to the federal procurement process.

"The U.S. government has great reach and impact with incredible accelerant potential when you consider the depth and reach of its supply chain," said Richard Crespin, executive director of CROA. "As industry both leads and follows government--trailblazing new innovations and implementing specific guidance and requirements--ResponsibilityWorks sees corporate responsibility driving the nation's competitive advantage and is working with government to bring this to fruition. We hope that this list helps drive even more transparency and responsibility in companies that do business with the government."

The methodology for the List is the same as that for CR Magazine's 12 year old 100 Best Corporate Citizens List with one additional data slice. It comprises publicly-available data from Russell 1000 companies, collected and analyzed by leading ESG investor data firm, IW Financial, and then further refines that universe by identifying the overlap with the top 100 government contractors for FY2010 (according to USASpending.gov as of April 2011). That universe of contractors, totaling 48 this year, is then ranked based on 324 data elements in seven weighted categories: climate change, employee relations, environment, financial, governance, human rights, philanthropy. Additional methodology details are available at www.thecro.com.

About CR Magazine www.thecro.com CR Magazine is the voice of the corporate responsibility profession covering case studies, best practices, and trends in the 5 primary segments of the CR profession: a) Governance, Risk, Compliance, b) environmental sustainability c) Corporate Social Responsibility, d) philanthropy, and e) workforce/diversity.

About The Corporate Responsibility Officers Association (CROA) www.CROAssociation.org The CROA and its members transform ideas into action, advancing corporate responsibility, the profession, and their careers. The CROA is the single largest independent community founded on the concept that to excel in corporate responsibility, organizations need to embrace all CR disciplines: sustainability, governance, social responsibility, and philanthropy.

With the vision to empower the individual -- corporate responsibility practitioner, chief executive, senior executive, and individual employee -- to enhance the role of companies in society and the natural environment, CROA works to:

* Improve the role of business in society, helping companies be good corporate citizens.

* Embed good corporate citizenship behavior in how companies achieve business goals and financial success.

* Enable professionals and companies to be purposeful about their impact on the environment and society.

* Empower the CR practitioner in driving responsible corporate decision making.

* Engage individuals throughout the organization to make a difference at work, changing the behavior of corporations.

* Help companies recognize the potential for improved performance by supporting the professional development of their CR practitioners through programs like certification.

About ResponsibilityWorks www.ResponsibilityWorks.org The ResponsibilityWorks roundtable was formed by the CROA in June 2010 to convene leaders in government, industry, and academia committed to improving transparency and responsibility among government contractors. The roundtable works to foster and evolve corporate responsibility measurement and disclosure in the government contractor community to help government and the public at large more effectively hold companies accountable in such areas as Governance, Ethics, Sustainability, Human Rights, Employee Relations, Philanthropy, and Financial Performance. The ResponsibilityWorks mission is to foster and evolve corporate responsibility practices, measures, and disclosure in the government contractor community. Through a vibrant community of practice, cross-sector leaders will collectively produce models, measurements, and recommendations to drive transparency and accountability over the next quarter century.
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Date:Jul 20, 2011
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