AMD Recognized Among Leading Corporate Citizens
AMD Included on CRO Magazine's Corporate Responsibility List and the Global 100
SUNNYVALE, Calif.--(BUSINESS WIRE)--
AMD (NYSE:AMD) today announced its No. 2 ranking on the "100 Best Corporate Citizens" list for 2007 by CRO magazine. The "100 Best Corporate Citizens" list identifies companies that excel at combining strong financial performance with responsible practices on environmental and social issues. This is the second consecutive year AMD has been recognized in the top five on the list for its corporate and social responsibility practices.
AMD was also recently included in The Global 100 Most Sustainable Corporations in the World. The annual Global 100, unveiled each year at the World Economic Forum in Davos, is a list of role models in sustainable business practices. The Global 100 recognizes publicly traded, blue-chip companies who have the best-developed abilities, relative to their industry peers, to manage environmental, social and governance risks. It also focuses on organizations that invest in new business opportunities in this area.
"AMD's core value, respect for people, is a guiding principle for how we interact with our employees, customers, partners, communities and the environment," said Dirk Meyer, president and chief operating officer, AMD. "By providing a safe and healthy work environment, contributing to the communities in which we operate, protecting the environment, and delivering technologies and business models to create opportunity for underserved populations, AMD is proof that economic success and social initiatives can -- and should -- go hand-in-hand."
The 100 Best Corporate Citizens list was developed by Business Ethics magazine, which was incorporated last year into The CRO (www.thecro.com), a premier membership organization for Corporate Responsibility Officers. The list is drawn from more than 1,100 of the largest United States publicly traded companies.
"The 100 Best Corporate Citizens list is focused on companies that demonstrate a long-term commitment to embracing higher standards," said Michael Connor, publisher and editor, CRO magazine. "For multiple years, AMD's leadership in the field of corporate social responsibility has earned the company an increasingly impressive ranking on our list."
The 100 Best Corporate Citizens list uses data from Socrates, the online social research database created by KLD Research & Analytics in Boston, an independent research firm serving investment management professionals, to put a numerical rating on companies' service to various stakeholders.
The companies considered for the list include U.S. firms in the Russell 1000, the S&P 500, and the Domini 400 Social Index. These firms are ranked on service in eight stakeholder categories: shareholders, community, governance, diversity, employees, environment, human rights, and product. Social scores use KLD's assessment of "strengths" and "concerns" demonstrated in each category. The shareholder score is based on three-year average total return (stock appreciation plus dividends) through year-end 2006.
For more information about AMD's commitment to corporate responsibility, visit www.amd.com/corporateresponsibility.
AMD (NYSE:AMD) designs and produces innovative microprocessors, Flash memory devices and low-power processor solutions for the computer, communications and consumer electronics industries. AMD is dedicated to delivering standards-based, customer-focused solutions for technology users, ranging from enterprises and governments to individual consumers. For more information visit www.amd.com.
(C) 2007 Advanced Micro Devices, Inc. AMD, the AMD Arrow logo, and combinations thereof, are trademarks of Advanced Micro Devices, Inc. Other names are for informational purposes only and may be trademarks of their respective owners.
Source: Advanced Micro Devices, Inc.
Released February 14, 2007