Appliance maker Whirlpool Corporation has been named one of the 100 best corporate citizens by Business Ethics magazine. The company is one of only 16 companies named to the list each year since its inception 7 years ago.
Business Ethics magazine released its annual survey of the "100 Best Corporate Citizens" in the Spring 2006 issue. The survey has gained national recognition as an indicator of best practices in the area of corporate social responsibility.
"We're honored to be named one of the 100 best corporate citizens," said Jeff M. Fettig, Whirlpool's chairman and CEO. "Whirlpool has conducted business with integrity and extended a helping hand to people in times of need throughout our nearly 100 year history. We believe this recognition by Business Ethics magazine is a reflection of our people, who personify our values."
Seeking to put numerical ratings on service to these various stakeholder groups, the 100 Best Corporate Citizens list uses data provided by KLD Research & Analytics. It employs statistical analysis to identify those major public U.S. companies that excel at serving a variety of stakeholders well, using eight measures of service: stockholders, community, governance, diversity, employees, environment, human rights, and product. Each company then receives an overall score based on their scores in the eight different issue areas.
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