CLEVELAND … Diversified industrial manufacturer Eaton Corporation (NYSE:ETN) today announced that it ranks second on Corporate Responsibility Officer (CRO) Magazine’s 100 Best Corporate Citizens list for 2008.
Other companies recognized in the top 10 on the 100 Best Corporate Citizens list were Intel Corporation (No. 1), Nike Inc. (No. 3), Deere & Co. (No. 4), Genentech Inc. (No. 5), Corning Inc. (No. 6), Humana Inc. (No. 7), Bank of America Corp. (No. 8), ITT Corp. (No. 9) and PG&E Corp. (No. 10).
“We’re honored that CRO Magazine has recognized Eaton’s global sustainability and corporate responsibility leadership,” said Alexander M. Cutler, Eaton chairman and chief executive officer. “We will continue to work hard to earn the trust of our many stakeholders by being steadfast in our commitment to doing business right.”
Cutler noted that Eaton profiled its sustainability efforts for the first time in its 2006 annual report and will again report on its commitment to the environment, health and safety, its communities and a world-class workplace in its 2007 annual report.
CRO and IW Financial, a Portland, Maine-based research firm, reviewed the most influential U.S. public companies, drawn predominantly from the Russell 1000 Index, and evaluated them in eight categories: environment, climate change, human rights, employee relations, corporate governance, lobbying, philanthropy and financial. The category rankings were weighted and averaged to determine CRO’s 100 Best Corporate Citizens.
In December 2007, Eaton ranked first in its industry sector on CRO’s 10 Best Corporate Citizens List. Eaton received top honors among 54 companies in the industrial, aerospace and transportation-related fields.
For more details about CRO’s 100 Best Corporate Citizens for 2008, visit www.thecro.com.
Eaton’s Golf Grip Division is the world’s largest manufacturer of golf grips, with manufacturing, sales and distribution facilities on five continents. The division’s Golf Pride brand is recognized globally as the number one choice in grips among tour and recreational players, competitive amateur golfers, club manufacturers and club repairmen. For more information, visit www.golfpride.com.
Eaton Corporation is a diversified industrial manufacturer with 2007 sales of $13.0 billion. Eaton is a global leader in electrical systems and components for power quality, distribution and control; fluid power systems and services for industrial, mobile and aircraft equipment; intelligent truck drivetrain systems for safety and fuel economy; and automotive engine air management systems, powertrain solutions and specialty controls for performance, fuel economy and safety. Eaton has 64,000 employees and sells products to customers in more than 140 countries.
Contact:
Dan Koehler, (910) 277-3749
