Pitney Bowes Named to ``World's Most Ethical Companies' List for Second Year
STAMFORD, Conn., June 04, 2008 - Pitney Bowes Inc. (NYSE: PBI - News) today announces that it was named to the second-annual “World’s Most Ethical Companies” list by the Ethisphere Institute, a think-tank dedicated to the research and promotion of profitable best practices in global governance, business ethics, compliance and corporate responsibility. The award was presented to Pitney Bowes at the Ethisphere and Forbes joint-conference, “Driving Profit through Ethical Leadership,” held on June 3. The list of World’s Most Ethical companies will be featured in the Q2 issue of Ethisphere Magazine.
“We are proud to be named to the World’s Most Ethical Companies list for the second consecutive year,” said Murray Martin, President and CEO, Pitney Bowes Inc. “We place a great deal of value on conducting business ethically and with integrity. This recognition is a testament to all of our employees who work daily to achieve long and short-term company objectives at the highest ethical standards.”
Researchers and analysts reviewed several thousand companies in order to determine the finalists, which included a rigorous, multi-step evaluation process. The 2008 World’s Most Ethical Companies methodology committee is composed of leading attorneys and government officials, professors and leaders who care about ethical and honest business practices.
“We applaud Pitney Bowes Inc. Pitney Bowes is among the companies honored this year because they have developed impressive and meaningful ethical business practices, making them true standouts within their industries,” said Alexander Brigham, executive director of Ethisphere Institute. “They go well beyond legal minimums, opting instead to bring about innovative ideas that contribute to the public well being. By their actions, they are forcing their competitors to follow suit, or fall behind and truly embodying the notion that ethical business practices are more profitable in the long run.”
The extensive research process included reviewing over 10,000 of the world’s leading companies on six continents. Ethisphere analysts reviewed codes of ethics, litigation and regulatory infraction histories; evaluated investment in innovation and sustainable business practices; looked at companies’ activities to improve corporate citizenship; studied nominations from senior executives, industry peers, suppliers and customers; and worked with consumer action groups for feedback and rating.
About Pitney Bowes:
Pitney Bowes is a mailstream technology company that helps organizations manage the flow of information, mail, documents and packages. Our 36,000 employees deliver technology, service and innovation to more than two million customers worldwide. The company was founded in 1920 and annual revenues now total $6.3 billion. More information is available at www.pb.com.