Business Ethics Names Freddie Mac One of  "Top 100 Corporate Citizens"

Freddie Mac earned spot #38 on Business Ethics magazine’s 2006 list of "Top 100 Corporate Citizens." The survey, in its seventh year, is nationally recognized as an indicator of best practices in the area of corporate social responsibility.

In recently published survey results, the "magazine of corporate responsibility" conferred high marks on Freddie Mac, and we topped the list of Washington-area companies named, including Sallie Mae, The Washington Post Company and WGL Holdings. Freddie Mac also shares the list with such companies as Hewlett-Packard, Motorola, Cisco Systems, Dell, Nike, General Mills, Wells Fargo, American Express, Starbucks, IBM, 3M, Citigroup, Nordstrom, PepsiCo, Proctor & Gamble and Johnson & Johnson.

Freddie Mac’s total numerical rating reflected assessments in eight categories: shareholders, community, governance, diversity, employee relations, environment, human rights and product.

"Being a good corporate citizen requires focus, dedication and hard work," says Michael Connor, publisher and executive editor of Business Ethics. "The companies on our list are to be congratulated."

The universe of companies for the list encompasses U.S. firms in the Russell 1000, the S&P 500 and the Domini 400 Social Index. Scores are standardized by determining standard deviation from the mean, which indicates performance relative to peers. To arrive at a single score per company, an unweighted average of all eight measures is taken. For all the details, visit Business Ethics Online.

Founded in 1987, Business Ethics is the only U.S.-based business magazine focusing on ethics and corporate social responsibility. The publication reports having a unique position and unique readership of thought leaders in business, investing, academia, government and civil society organizations interested in corporate responsibility issues.