Corporate Responsibility Magazine announced its 12th annual 100 Best Corporate Citizens List last week.
The magazine rated every company in the Russell 1000, the highest ranked stocks in the Russell 3000 Index of publicly held US companies, according to more than 340 data points of publicly available information.
This year, the overall average improved from 2010, and several companies made significant jumps in the rankings.
For instance, Johnson Controls received first place honors, moving up from 22nd place last year. Campbell Soup Company finished in second, up from 12th place in 2010. Third place went to IBM, which moved up one, from fourth place last year.
“This is the 12th annual CR Magazine ’100 Best Corporate Citizens List’ and we are gratified to see that once again, the overall average of the 100 Best Corporate Citizens in the Russell 1000 improved year over year from 2010. This demonstrates the continuing commitment on the part of these companies to better transparency, accountability and citizenship practices,” Elliot Clark, CEO of SharedXpertise Media, which publishes CR Magazine, said.
For the first time, this year’s list also includes a penalty regime –a yellow card for a caution and a red card for expulsion –assigned to companies that are involved in some self-caused reputational damage (a pending or completed administrative or official legal sanction, e.g.).
Yellow cards were assigned to 3M, Dell, Johnson & Johnson, JPMorgan Chase & Co. and Occidental Petroleum Corp. Red cards went to Allergan, Inc., Exxon Mobil and Pfizer, Inc. See this summary for details about each of these penalties.
The complete list of Corporate Responsibility Magazine’s 100 Best Corporate Citizens 2011 is available here.