Monday, December 19, 2005

Best Ethical Practices Awards

Recently the 17th business ethics awards were announced by the Business Ethics Magazine and the winners list has the following names;

Intel:For leadership and excellence in corporate social responsibility management.
A computer chipmaker in Santa Clara, Calif., Intel has 90,000employees. It posted double-digit gains in 2004 for revenue of $34.2 billion. Net income for 2004 was $7.5 billion, up 33 percent from 2003. Long a darling of the social investing community, Intel is included in 50 different socially responsible mutual funds. Last year, it ranked No 5 in Business Ethics' 100 Best Corporate Citizens list. And it made the Dow Jones Sustainability Index for the seventh year in a row. It was the sixth company in the U.S. to report in accordance with the Global Reporting Initiative, a rigorous international framework for corporate social reporting.

South Mountain Company:For using employee ownership as the foundation of a
life-enhancing company.

WHEN THE EMPLOYEES ARE THE OWNERS, and they are charting the course, essential business priorities change,” says John Abrams, founder of South Mountain Co. "Improving the community where we live and raising our families become part of our basic priorities.All of this is made possible by the firm's ownership structure.

After Abrams split with his two founding partners in 1985, he transferred ownership to a worker-owned cooperative corporation (in which he shares ownership). Today, there are 16 employee owners and another 14 working toward ownership. After five years employees can buy into ownership. Since the company has no outside investors and no non- employee board members, Abrams writes, "We decide what kind of business ours will be.”

That means, among other things, that South Mountain pursues a policy of conscious
growth rather than maximum growth.

New Leaf Paper: Environmental Excellence Award: For mainstreaming ecological
principles into the paper industry.

San Francisco-based New Leaf Paper Co. has since 1998 been in the business of saving trees -- nearly 700,000 to date, since over half the fiber used in its papers comes from post-consumer waste, rather than virgin pulp from trees. That's not to mention the 34 million pounds of solid waste no longer in the waste stream, thanks to the company's sustainable line of paper products, considered the most environmentally responsible on the market today.

In its first full year of operation in 1999, New Leaf Paper generated $4 million in sales. In 2005, it expects revenues to exceed $18 million. Yet with only 18 employees, this small firm is having a significant impact on its industry. "The mission of our company is to inspire the paper industry to move toward sustainability. We essentially married our own success with our environmental goals,” said founder and CEO Jeff Mendelsohn.

Weaver Street Cooperative, Living Economy Award: For its sustainable products, community focus, and democratic governance.

Weaver Street is more than a food market. It runs a restaurant, Panzanella, also devoted to locally produced and seasonal foods, which hosts frequent special dinners and wine tasting to show off local producers. The cooperative donated staff time and unused real estate to create a new community radio station. And it created a nonprofit to build affordable housing. When residents nearby wanted a second market, they approached Weaver street to open one. It did so, and 600 subscribers signed up to finance the venture.

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1 comment:

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