Avery Dennison Named One of Best Corporate Citizens
PASADENA, Calif.—Avery Dennison Corporation was named one of the “100 Best Corporate Citizens” in the United States by CRO, a magazine serving Corporate Responsibility Officers. Avery Dennison was ranked 69th out of the more than 1,100 companies that were surveyed.
The list was started eight years ago by Business Ethics Magazine, which has been incorporated into the CRO. The list identifies companies that excel at serving a variety of stakeholders, including customers, employees, suppliers, investors and community. The data are collected by KLD Research & Analytics, an independent investment research firm.
“At Avery Dennison, operating according to our values and ethics is of the utmost importance,” said Dean A. Scarborough, president and chief executive officer. “We are committed to educating our employees about our values and operating principles. Acting responsibly helps us achieve our business goals anywhere in the world, in any business situation.”
The survey ranks companies on eight criteria, including community, corporate governance, diversity, employee relations, environment, human rights, product, and total return average for shareholders. Avery Dennison received its highest scores in employee relations, product, and diversity.
Avery Dennison conducts a number of employee relations programs that focus on continuous improvement of management skills and work environment. These programs include a biannual employee survey that evaluates the work environment in its facilities in 49 countries; leadership guidelines to help ensure consistency of management; and a global job posting system. With more than half of its employees located outside the U.S., Avery Dennison has developed a workforce with approximately 50 percent of the company’s top 100 senior managers born outside the U.S.
“We salute the 100 Best for their leadership roles in the field of corporate responsibility,” said Michael Connor, publisher and editor of CRO magazine. “The 100 Best distinguish themselves from their peers at other large public companies by embracing higher standards—combining strong financial performance with responsible practices on environmental and social issues.”