5 MN Cos. Make “100 Best Corporate Citizens” List
Five Minnesota-based companies made Corporate Responsibility magazine’s 2013 list of the “100 Best Corporate Citizens.”
Hormel Foods Corporation, General Mills, Inc., 3M Company, The Mosaic Company, and Target Corporation appeared alongside 95 other companies from across the nation.
To compile the list, Corporate Responsibility selects large-cap companies from the Russell 1000 index and examines them based on seven categories: climate change, employee relations, the environment, finance, governance, human rights, and philanthropy. The magazine analyzed 298 pieces of publicly available data for each company that appeared on this year’s list. (Click here for the full methodology.)
Hormel Foods Corporation, based in Austin, ranked 31st on Corporate Responsibility’s list. The company, which manufactures and markets consumer-branded food and meat products, ranked 19th on last year’s list.
Golden Valley-based General Mills, Inc., meanwhile, ranked 33rd on the list. The food manufacturer, whose brands include Pillsbury and Betty Crocker, moved up 11 spots from last year’s list, on which it ranked 44th.
3M Company, based in Maplewood, ranked 34th on the best corporate citizens list. The diversified manufacturer ranked 29th on last year’s list.
The Mosaic Company, based in Plymouth, ranked 52nd on the list, whereas last year it ranked 28th. Mosaic produces and markets concentrated phosphate and potash crop fertilizers, as well as feed ingredients within the agriculture industry.
And last, retail giant Target Corporation, based in Minneapolis, ranked 62nd on the list, up two slots from its 64th-place ranking last year.
Minneapolis-based medical device maker Medtronic, Inc., which ranked 50th last year, did not make the 2013 list.
Several of the Minnesota companies that appeared on the list issued their own announcements about having been included.
“Corporate responsibility is true team effort at Hormel Foods—it is something we focus on and it represents our work in the areas of people, process, performance, products, and philanthropy,” Julie H. Craven, vice president of corporate communications at Hormel Foods, said in a statement. This is the fifth consecutive year that Hormel has appeared on the annual list.
Referencing Mosaic’s fourth consecutive appearance on the annual list, President and CEO Jim Prokopanko said in a statement, “Without a doubt, Mosaic’s greatest strength is its work force. Our more than 8,000 global employees translate Mosaic’s values of integrity, excellence, sustainability, and connectivity into action every day.”
In addition to being named to the “100 Best Corporate Citizens” list, Mosaic and Target also recently made the Ethisphere Institute’s 2013 list of the “World’s Most Ethical Companies.” The two companies were recognized for their corporate ethics, leadership, innovation, and reputation, among other traits.
Hormel, General Mills, 3M, Mosaic, and Target are all among Minnesota’s 15-largest public companies based on revenue.