Tag Archive for ‘Caterpillar’
Johnson & Johnson topped a list of companies perceived by American consumers as having the best reputations for corporate social responsibility practices. Months after research for the Index was conducted, the company admitted that it misled regulators and consumers by using contractors to buy defective Motrin painkiller products from store shelves rather than announce a recall.
Investment firm Walden Asset Management recently researched and compiled quotes from sustainability and corporate responsibility reports by several dozen companies in a wide range of industries. The exercise showed, says a Walden executive, that attention to such issues has become vitally important for a company’s business, and that transparent reporting is, as one CEO said, one of “the prices of doing business today.”
In response to the threat of a public campaign by a U.S.-based lobbying group, Ingersoll-Rand joined Caterpillar, General Electric, Huntsman and Siemans in agreeing to halt sales of products to customers in Iran even though the sales are apparently legal and in compliance with U.S. laws that severely restrict exports to Iran.