WOONSOCKET – For the first time in a decade, CVS Caremark Corp. has made Corporate Responsibility Magazine’s annual list of the 100 best corporate citizens among the largest companies in the United States.
CVS placed at No. 89 on the 2010 rankings, which were released this week. It was the first time the company has made the list since 2000, when predecessor CVS Corp. ranked at No. 98.
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The magazine named Hewlett-Packard Co. the best corporate citizen, followed by Intel Corp., General Mills Inc., IBM Corp., and Kimberly-Clark Corp.
Corporate Responsibility selects the best corporate citizens from the Russell 1,000 stock index of the largest American public companies by market capitalization. The magazine evaluates them in seven categories: climate change, employee relations, environment, financial performance, governance, human rights and philanthropy.
“Company stakeholders from investors to customers to employers to regulators watch the 100 best corporate citizens list closely, and are using it now more than ever to make important decisions,” Jay Whitehead, the magazine’s publisher, said in a news release. “That is why we are seeing leading companies focusing in greater numbers on their public reporting and performance.”
CVS was the only eligible company based in Rhode Island that made Corporate Responsibility’s list this year.
Hasbro Inc. has placed among the best corporate citizens just once: in 2003, when it ranked 95th. But the Pawtucket-based toymaker’s archrival, Mattel Inc., did make this year’s rankings, placing 29th. Textron Inc. has never made the list.
Other companies with a local presence on the list included Gap Inc. (No. 9), Wal-Mart Stores Inc. (21), Verizon Communications Inc. (27), Staples Inc. (60) and TJX Cos. Inc. (97), which owns stores such as Marshalls and TJ Maxx.
Additional information is available at thecro.com.
