Business News
Xerox Recognized for Commitment to Citizenship
Wednesday 24. June 2009 - Awards focus on Corporate Reputation, Ethics and Governance, Sustainability, Diversity and a Commitment to Work/Life Balance for Employees
Xerox Corporation (NYSE: XRX) earned recognition from a number of organizations for its initiatives in corporate citizenship in the first half of 2009.
“Our commitment to citizenship began decades ago as the right thing to do,” said Ursula Burns, president, Xerox Corporation. “Today that commitment is integrated into our business strategy and has earned us recognition from stakeholders for delivering value not only to society and the world at large but also to our business and the bottom line.”
World’s Most Admired Companies
Xerox was ranked the World’s Most Admired Company in the computer industry in FORTUNE Magazine’s annual reputation survey. Xerox jumped to No. 1 from last year’s industry ranking of No. 4. Survey results were featured in the March 16 issue of FORTUNE. To arrive at each company’s industry ranking, scores were averaged from these nine criteria: innovation, people management, use of corporate assets, community/environment, quality of management, financial soundness, long-term investment, quality of products/services and global competitiveness.
Ethics and Governance
World’s Most Ethical Companies
Ethisphere named Xerox one of the World’s Most Ethical Companies in 2009. Companies were measured against seven distinct categories: corporate citizenship and responsibility; corporate governance; innovation that contributes to the public well being; industry leadership; executive leadership and tone from the top; legal, regulatory and reputation track record; and internal systems and ethics/compliance program.
America’s 100 Best Corporate Citizens
In Corporate Responsibility Officer (CRO) magazine’s tenth annual listing of the 100 Best Corporate Citizens for 2009, Xerox ranked 16th, up from its 2007 rank of 49. The list ranks 1,000 companies on their performance in seven key areas: environment, climate change, human rights, philanthropy, employee relations, financial and governance.
GovernanceMetrics International
GovernanceMetrics International (GMI) released its new ratings and research reports for all 4,200 companies in their system. Xerox was one of the 43 companies, or one percent, that achieved an overall global rating of 10.0, the highest GMI assigns.
Sustainability
2009 Green Outsourcing Survey List
Xerox placed first and received a record breaking 440 nominations in the 2009 Green Outsourcing Survey by Brown-Wilson Group and “The Black Book of Outsourcing.” Energy costs and the impact on the company’s reputation continue to drive the selection of vendors who offer green options. The yearly ranking is based on responses from more than 24,000 executives worldwide.
FTSE4Good
For 2009 Xerox met the FTSE4Good criteria for corporate responsibility, human rights, environmental actions, social and stakeholder engagement and countering bribery. Created in 2001 and managed by FTSE Group, the independent global index company, the FTSE4Good Index Series is a series of benchmark and tradable indices for socially responsible investors. Xerox Corporation was named to the index for the first time in March 2008.
Diversity
Xerox earned the following recognition in the first half of 2009:
No. 35 in DiversityInc’s Top 50 Companies for Diversity and No. 1 in DiversityInc’s Supplier Diversity sub-category sub-category
One of NAFE’s 2009 Top Companies for Executive Women
One of Black Enterprise’s Top 40 for Diversity
One of Latina Style’s 50 Best Companies for Latinas
Black Enterprise magazine issued its list of 100 Most Powerful Executives in Corporate America, naming Xerox President Ursula Burns, Xerox Canada President and CEO Kevin Warren to the esteemed list.
Xerox also scored 100 percent on the Human Rights Campaign’s seventh annual Corporate Equality Index for 2009, and made the sub-list of Best Places to Work.