ST. LOUIS, April 15, 2013 /PRNewswire/ -- CR Magazine named Monsanto Company (NYSE: MON) to its "100 Best Corporate Citizens" for 2013. This is the fourth time Monsanto has been included on the magazine's ranking of corporate responsibility performance of major U.S. companies.
"At Monsanto, we are committed to sustainable agriculture and to continuously improve ways in which we contribute. We are pleased that this honor recognizes that commitment," said Jerry Steiner, executive vice president, sustainability and corporate affairs at Monsanto. "This recognition reflects the thousands of Monsanto employees who are working together with farmers and partners around the world to improve agriculture and improve lives."
First published in 1999, the "100 Best Corporate Citizens" list ranks large-cap Russell 1000 companies based on publicly available information in seven key categories: climate change, employee relations, environmental, financial, governance, human rights and philanthropy.
The full list of companies and details on scoring is available at www.thecro.com."We are pleased to honor the companies on this year's Best List, as they represent a tried and true standard of transparency within the Russell 1000," said Dirk Olin, Editor-in-Chief and Publisher, CR Magazine. "Across environmental, economic, and social values, these firms continue to set the bar high for organizations in the United States." Monsanto has established goals to help farmers double corn, soy and cotton crop yields and reduce resource intensity in agriculture by one-third by 2030. Through research investments and partnerships, the company has reported steady progress on its bold goals. Over the past year, the company began two new initiatives to improve processes that strengthen its commitment to sustainability and stakeholder engagement. Monsanto's 2011 Corporate Social Responsibility and Sustainability Report was the first year the company, as a Global Reporting Initiative (GRI) Organizational Stakeholder, declared the GRI as its framework and used it to develop content and report metrics. The GRI is a comprehensive sustainability reporting framework that is widely used around the world. Through the use of this voluntary tool, Monsanto can ensure its sustainability approach is more comprehensive and focused on company and stakeholder priorities, and that it is more transparently communicated. In June 2012, Monsanto formed the Sustainability Strategy Council (SSC), an internal organization comprised of 25 leaders from around the business charged with establishing, implementing and measuring a comprehensive sustainability strategy for the company. This strategy includes both internal operations and contributions to global agriculture. The combination of these two important initiatives in addition to Monsanto's longstanding commitment to stakeholder engagement, the environment, climate change, human rights, governance, philanthropy, financial performance and supporting employees were essential in the company making this year's "100 Best Corporate Citizens" list.