Corporate Responsibility Magazine Selects McGraw-Hill as a Top Corporate Citizen
Company Recognized as One of the "100 Best Corporate Citizens"
NEW YORK, March 4, 2011 /PRNewswire/ -- The McGraw-Hill Companies (NYSE: MHP) today announced it has been recognized by Corporate Responsibility Magazine as one of the "100 Best Corporate Citizens" for the second consecutive year. The Corporation was among the top largest publicly traded companies based on its performance in a range of categories evaluated by the magazine, including philanthropy, the environment, and employee relations.
"Our vision for creating a smarter, better world is at the core of everything we do at McGraw-Hill," said Harold McGraw III, Chairman, President and Chief Executive Officer of The McGraw-Hill Companies. "We have outstanding employees who demonstrate the highest degrees of compassion and integrity each and every day. It is their commitment to growth and the purpose and passion they bring to work and their communities that allows us to build on our strong record of corporate responsibility and sustainability."
McGraw-Hill's philanthropic activities are designed to leverage the unique skills and expertise of its employees. The company's Financial Literacy Now campaign, for example, harnesses the resources of McGraw-Hill Education, Standard & Poor's and other businesses to offer teachers, students and families the tools and materials they need to make informed financial decisions.
McGraw-Hill's Financial Literacy Now campaign expanded in a variety of ways in 2010. The company underwrote 7,000 copies of Nickels, Dimes and Dollars: A Wise Kid's Guide to Money Matters by award-winning author Ellen Sabin. During the past year, McGraw-Hill also established Financial Literacy Central, an information hub at one of the New York Library's key branches in the heart of Manhattan that provides the public with free one-on-one sessions with financial planners, computer access to popular business and finance databases, more than 1,000 books on a wide range of financial topics and financially-focused classes. Through these efforts, the company has already surpassed its goal of reaching 100,000 students.
In 2010, McGraw-Hill also broadened its environmentally-friendly business practices. It dedicated a new state-of-the-art eco-friendly building in Mumbai that serves as the headquarters for CRISIL, a Standard & Poor's company and India's leading Ratings, Research, Risk and Policy Advisory Company. The building features a large green cover and roof garden to ensure minimal CO2 emissions, water harvesting, and renewable energy sources such as solar power to help reduce energy consumption by 40 percent and water consumption by 30 percent. The company also reduced by approximately 2.0 million pounds the paper used in its educational workbooks and enhanced its paper procurement supply chain so that more than 90% of its paper purchases in the U.S. are certified as coming from sustainable sources.
McGraw-Hill's progressive array of family-friendly programs and resources were a key determining factor in making Corporate Responsibility Magazine's list. The Corporation offers flexible work arrangements and part-time options; adoption assistance; child care options; back-up dependent care; eldercare and special needs case management, among many other employee benefits.
Corporate Responsibility Magazine's "100 Best List" documents more than 320 data points of disclosure—harvested from publicly available information in seven categories: environment, climate change, employee relations, human rights, governance, finance, and philanthropy.
About The McGraw-Hill Companies:
Founded in 1888, The McGraw-Hill Companies is a leading global financial information and education company that helps professionals and students succeed in the Knowledge Economy. Leading brands include Standard & Poor's, McGraw-Hill Education, Platts energy information services and J.D. Power and Associates. The Corporation has approximately 21,000 employees with more than 280 offices in 40 countries. Sales in 2010 were $6.2 billion. Additional information is available at http://www.mcgraw-hill.com.
Release issued: March 4, 2011
Investor Relations: http://www.mcgraw-hill.com/investor_relations
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