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Steelcase Inc. Named One Of Fortune's "Most Admired Companies" In The Home Equipment, Furnishings Category

Stocks in this article: SCS

GRAND RAPIDS, Mich., March 8, 2013 (GLOBE NEWSWIRE) -- Fortune Magazine has recognized Steelcase Inc. (NYSE:SCS) as one of its 2013 "Most Admired Companies" in the Home Equipment, Furnishings industry sector. This year, Steelcase is ranked in the fourth position, and is joined by notable brands such as Whirlpool and Tupperware Brands, among others.

In the Fortune survey of executives that ultimately determines the "Most Admired Companies" rankings, Steelcase's highest scores came in the social responsibility, people management, global competitiveness, and quality of management categories. Social responsibility has been a key focus for Steelcase. The company recently released its 2012 Corporate Social Responsibility Report, titled "+Promise," which details its efforts to incorporate responsible business practices from 2006 through 2011.

In the past year, Steelcase received additional recognition in these categories, including being honored with the Michigan Green Leader Award, Michigan's 101 Best & Brightest Sustainable Companies Award, and five 2012 Best of NeoCon Awards, including the Innovation Award and One Editor's Choice Award.

"Steelcase is especially proud to be included among such a respected group of industry leaders; this recognition is particularly poignant as we mark the end of our global centennial celebration. Our commitment to insight has guided the company throughout its evolution and will bring us into the next centennial," said James P. Hackett, president and CEO of Steelcase Inc. "We will continue to develop insight-led solutions for today's interconnected workplace, such as our newest chair Gesture, designed and inspired entirely by how the human body works and moves with technology."

Fortune's rankings are published each year and reflect the observations and opinions of executives who rate their peers and competitors on nine different aspects. These aspects include innovation, people management, use of corporate assets, social responsibility, quality of management, long-term investment, financial soundness, quality of products and services, and global competitiveness.

More information on the World's Most Admired Companies can be found at Fortune.com.

About Steelcase Inc.

For 100 years, Steelcase Inc. has helped create great experiences for the world's leading organizations – wherever work happens. Steelcase and our family of brands – including Steelcase®, Coalesse®, Designtex®, Details®, Nurture®, PolyVision® and Turnstone® – offer a comprehensive portfolio of furnishings, products and services designed to unlock human promise and support social, economic and environmental sustainability. We are globally accessible through a network of channels, including approximately 650 dealers. Steelcase is a global, industry-leading and publicly traded company with fiscal 2012 revenue of $2.75 billion.

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