The folks at Xilinx say that the company has again been named to the Corporate Responsibility Officer (CRO) Magazine's 100 Best Corporate Citizens List, earning a spot on the prestigious list of companies for the third straight year. Xilinx maintained its position at 70th overall in the 2009 edition of the list, unveiled at The Penn Club in New York City on Friday, March 6, 2009.
CRO's 100 Best Corporate Citizens List is the only such list based on 100 percent publicly-available information and ranks Russell 1000 companies on their performance in seven key areas: Environment, Climate Change, Human Rights, Philanthropy, Employee Relations, Financial, and Governance. It is compiled for CRO Magazine by Portland, Maine-based IW Financial, a leading provider of SRI rankings to institutional investors. Over the past 9 years, companies on the 100 Best Corporate Citizens List have out-paced the remainder of Russell 1000 companies by an average of 26 percent in 3-year total return.
Xilinx scored highly in the governance category (where it shared a ranking of Number 1 with several companies) and human rights. It scored well in the environment and employee relations categories as well, underscoring its commitment to best practices in these areas. In addition, the company is well known for fostering a spirit of community, corporate giving and volunteerism within its employee base. It recently commemorated its 25th Anniversary by making a $250,000 charitable contribution to organizations dedicated to feeding the hungry. Xilinx was also named the Most Respected Public Semiconductor Company by the Global Semiconductor Association (GSA) for 2008.
"In good times, checkbook citizenship can win the day. But in tough times, strong reputations and transparency pack as much punch as a strong balance sheet. In today's deep recession, human capital and financial capital seek safety – and companies on the 100 Best Corporate Citizens List are today's safest harbors," said CRO Magazine Publisher Jay Whitehead.
"A commitment to corporate social responsibility and good, transparent governance has run deep at Xilinx ever since its founding 25 years ago," added Moshe Gavrielov, president and CEO of Xilinx. "There is an inherent sense of responsibility to all our constituencies – employees, customers, shareholders and the communities and environments in which we work and live. We are honored to once again be selected for this CRO Best Corporate Citizen list alongside some of the other leaders of Corporate America in a wide range of industries."
Bristol Meyers-Squibb topped the CRO rankings for 2009, and technology leaders IBM (3rd), HP (5th), and Cisco (6th) were included in the Top 10.
About CRO and the CRO Association
CRO Magazine, www.TheCRO.com, the CRO Summits and CRO Association have evolved into the leading voices of the Corporate Responsibility professions, following the 2006 acquisition of Business Ethics magazine, which originated the 100 Best Corporate Citizens List.
CRO's mission is to enhance the standing and practice levels of the Corporate Responsibility professions – including governance, risk, compliance, sustainability, EH&S, CSR, philanthropy and HR. More information on the 100 Best Corporate Citizens List, CRO and the CRO Association can be found at www.TheCRO.com.