Pitney Bowes Named to '100 Best Corporate Citizens' list for Eighth Consecutive Year
STAMFORD, Conn., February 14, 2007 - Business Ethics Magazine (now CRO Magazine) today announced that Pitney Bowes Inc. (NYSE: PBI - News) has been named to the “100 Best Corporate Citizens” list. The nationally recognized list is an indicator of best practices in corporate responsibility. Pitney Bowes is one of only 11 firms that has earned the honor for eight years in a row.
“This honor is a testament to the success we have in balancing how we serve our stakeholders and fulfill our social and environmental responsibilities,” said Murray Martin, president and chief operating officer of Pitney Bowes. “Our corporate responsibility is reflected in our strategic development in diversity, community affairs, governance, and employee relations.”
The ten other companies sharing this honor include: Intel, Timberland, Starbucks, Herman Miller, Cisco, Southwest Airlines, Cummins, Ecolab, Brady Corp., and St. Paul Travelers.
The universe of companies considered for the list encompasses U.S. firms in the Russell 1000, the S&P 500, and the Domini 400 Social Index. These firms are ranked on their performance in eight stakeholder categories: shareholders, community, governance, diversity, employees, environment, human rights, and product. Social scores use KLD's assessment of "strengths" and "concerns" demonstrated in each category. The shareholder score is based on the three-year average total return (stock appreciation plus dividends) through year-end 2006. Pitney Bowes ranks 27 on this year’s list.
For more information on the “100 Best Corporate Citizens,” visit www.thecro.com.
About Pitney Bowes:
Pitney Bowes provides the world’s most comprehensive suite of mailstream software, hardware, services and solutions to help companies manage their flow of mail, documents and packages to improve communication. Pitney Bowes, with $5.7 billion in annual revenue, takes an all-inclusive view of its customers’ operations, helping organizations of all sizes enjoy the competitive advantage that comes from an optimized mailstream. The company’s 86 years of technological leadership have produced many major mailstream innovations, and it is consistently on the Intellectual Property Owners Association’s list of top U.S. patent holders. With approximately 35,000 employees worldwide, Pitney Bowes serves more than 2 million businesses through direct and dealer operations. More information about the company can be found at www.pb.com.