Wednesday, January 27, 2021
GMO test
  • Politics
    • American Politics
    • Canadian Politics
    • International Politics
  • Investing
  • Business
    • Corporate Culture
    • Leadership
    • Marketing
    • Supply Chains
  • Economy
    • Jobs
    • The Green Economy
    • GDP
  • Energy
    • Solar
    • Wind
    • Fossil Fuels
    • Renewables
  • Environment
    • Emissions
    • Wildfires
    • Biodiversity
    • Extreme Weather
  • Technology
    • Food
    • Health
    • Buildings
    • Renewables
    • Carbon Capture
    • Transportation
    • Climate Change
  • Social Change
    • Activism
    • Education
    • Psychology
No Result
View All Result
  • Politics
    • American Politics
    • Canadian Politics
    • International Politics
  • Investing
  • Business
    • Corporate Culture
    • Leadership
    • Marketing
    • Supply Chains
  • Economy
    • Jobs
    • The Green Economy
    • GDP
  • Energy
    • Solar
    • Wind
    • Fossil Fuels
    • Renewables
  • Environment
    • Emissions
    • Wildfires
    • Biodiversity
    • Extreme Weather
  • Technology
    • Food
    • Health
    • Buildings
    • Renewables
    • Carbon Capture
    • Transportation
    • Climate Change
  • Social Change
    • Activism
    • Education
    • Psychology
No Result
View All Result
GMO test
No Result
View All Result
Home Uncategorized

Smooth Criminals Win Corporate Responsiblity Honors

by Richard Matthews
October 31, 2013
in Uncategorized
0

Three companies associated with criminal activities top the list of corporate responsibility leaders for 2013. For the third consecutive year, Corporate Responsibility (CR) Magazine ranked the Top 10 Best Corporate Citizens by industry in 10 sectors.

The first three selections on their list are understandable. Accenture won top honors in the Business Services sector, Mattel earned the number one spot in Consumer Items and Campbell Soup was recognized as the leader in Consumer Staples.

The wheels come off the proverbial cart when we get to their number one picks for energy, Financials/Insurance/Real Estate, and Healthcare sectors.


Somehow CR Magazine deemed Exxon Mobil, a newcomer on the list, as deserving of being the best company in the Energy sector. Exxon Mobil is a highly questionable choice, even if we ignore the fact that they are in the fossil fuel business which is the primary cause of climate change.

ExxonMobil subsidiary XTO Energy is being prosecuted for alleged environmental crimes after it spilled fracking wastewater into a Pennsylvania river in 2010. The company has already agreed to pay a $100,000 federal fine for spilling 57,000 gallons of contaminated fluids into a tributary of the Susquehanna River.

XTO’s bizarre response only magnifies their subterfuge. “Charging XTO under these circumstances could discourage good environmental practices, such as recycling,” XTO said in a statement responding to the charges. “Criminalizing a small recycling spill sends the wrong environmental and legal message,” the company said. “The action tells oil and gas operators that setting up infrastructure to recycle produced water exposes them to the risk of significant legal and financial penalties should a small release occur.”

ExxonMobil was also fined $120,000 by the California Air Resources Board (ARB) for violating the state’s mandatory greenhouse gas reporting rule. (In California companies are obliged to report their GHG emissions annually).

Things go from bad to worse when it comes to the Financials/Insurance/Real Estate sectors. JP Morgan Chase Bank was awarded top honors despite the fact that CR gave the company a “yellow card” for its discontinued practice of posting transactions that generated overdraft fees. A practice for which the company paid $110 million settlement in a class actions suit. However, this is the least of their crimes.

JP Morgan played a role in the collapse of the US real estate market and subsequent global economic meltdown of 2008. Recently, the company was forced to pay a record $13 billion and plead guilty to a criminal charge to settle a Justice Department investigation into the bank’s sales of mortgage bonds.

CR Magazine’s decision to name Bristol-Myers Squibb (BMS) as the top firm in Healthcare is another questionable choice. In October of this year Robert Ramnarine, a former high level executive (1997 to 2012), was sentenced to prison for securities fraud.

Here is CR Magazine’s full top 10 list of best corporate citizens, by industry:

Business Services: Accenture
Consumer Items: Mattel
Consumer Staples: Campbell Soup
Energy: Exxon Mobil
Financials/Insurance/Real Estate: JPMorgan Chase
Healthcare: Bristol-Myers Squibb
Information Technology: International Business Machines (IBM)
Materials: E.I. DuPont De Nemours
Media and Entertainment: Walt Disney
Utilities: Spectra Energy

© 2013, Richard Matthews. All rights reserved.

Related Articles
2012-2013 Awards for Reporting on the Environment
US Fish and Wildlife Service Awarded 1st Place in International Diversity Award Competition
APSUS a Finalist in Second Nature Climate Leadership Awards
Enter the 2013 Annual Ethical Corporation Awards
Goldman Environmental Prize Winners for 2012
The Persecution and Achievements of Environmentalists
Winners of the 2011 Green Chemistry Award
The Blue Planet Prize 20th Anniversary
TerraCycle Reach a Major Milestone
The Princeton Review’s 2012 Top Green Schools Honor Role
Sierra’s List of Cool Green
The 2011 AASHE Campus Sustainability Awards
Summary of Accolades Received by Ray Anderson

ShareTweetShare
Previous Post

Infographic – The Cost of Weather Disasters in 2013 (Jan – Sep)

Next Post

Halloween Consumer Statistics are a Little Less Scary in 2013

Related Posts

Unprecedented Wildfires in 2020 are Connected to Climate Change

by Richard Matthews
December 29, 2020
0

The intense wildfires that raged across the Western U.S., South America, and Australia in 2020 are being attributed to climate change. What makes these fires unprecedented is their size and...

American Courts are Defending Democracy and the Environment

by Richard Matthews
December 14, 2020
0

Despite unprecedented challenges, America's legal system has held. In recent weeks the courts have repeatedly defended democracy and in the last four years they have overturned a wide range of environmental...

Boycott Culture and Brand Influence During Trump’s Presidency and Beyond

by Richard Matthews
December 8, 2020
0

Brands wield enormous influence over popular culture and whether they are pursuing core social values or trying to preempt boycotts, brands are finding it harder to ignore social, environmental and political...

Next Post

Halloween Consumer Statistics are a Little Less Scary in 2013

Leave a Reply Cancel reply

Follow Us

  • Facebook
  • Twitter
  • Email
  • LinkedIn
  • Reddit
  • SoundCloud

Subscribe to the Blog

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Energy

Economics Fuel Renewable Energy Growth

by Richard Matthews
January 25, 2021
0

Global renewable energy capacity set a record last year and 2021 is expected to be even better.  Renewables are already...

Read more

Biden Gets to Work on Climate Action

January 21, 2021

Taking Stock of Trump’s Dismal Legacy

January 19, 2021

Corporate America’s Break Up with Trump & the GOP

January 15, 2021

Climate Change is Fueling Deadly Extreme Weather and Costly Climate Disasters

January 13, 2021
  • Business
  • Economy
  • Energy
  • Environment
  • Investing
  • Politics
  • Technology
  • Social Change

© 2021 Copyright The Green Market Oracle.

No Result
View All Result
  • Business
    • Corporate Culture
    • Leadership
    • Marketing
    • Supply Chains
  • Economy
    • GDP
    • Jobs
    • The Green Economy
  • Energy
    • Fossil Fuels
    • Renewables
    • Solar
    • Wind
  • Environment
    • Emissions
    • Biodiversity
    • Extreme Weather
    • Wildfires
  • Investing
  • Politics
    • American Politics
    • Canadian Politics
    • International Politics
  • Technology
    • Buildings
    • Carbon Capture
    • Climate Change
    • Food
    • Transportation
    • Health
    • Renewables
  • Social Change
    • Education
    • Activism
    • Psychology
    • Marches

© 2021 Copyright The Green Market Oracle.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In