Companies Finding Shareholder Wealth Rooted in Earthly Values; Europe's Social-Consciousness Trend Hits Corporate America With a New Metric

Apr 02, 2001, 01:00 ET from KPMG LLP

    NEW YORK, April 2 /PRNewswire/ -- Earth Day will dawn again April 22, with
 Corporate America finally beginning to raise its social consciousness.
 Already an added measure of value for European investors, good corporate
 citizenship has hit the New World.
     As Earth Day shines a global spotlight on environmental awareness,
 companies are unearthing new ways to place a value on corporate accountability
 in such categories as environmental management, worker relations, social
 responsibility and other non-financial areas.  Widely recognized in Europe,
 this once-uncharted territory is proving fertile ground for civic-minded U.S.
 companies.  A survey by KPMG LLP found that 30 percent of U.S. firms in the
 Global 100 published external environmental reports in the late 1990s.
     One of Europe's first chartered environmental accountants, KPMG's Eric
 Israel is available to discuss this growing U.S. trend.
     Israel also will be a panelist at the 2001 Sustainable Development
 Conference on April 24-25 in Manhattan.  The conference will analyze the
 corporate commitment to develop competitive products while, at the same time,
 spearheading the movement to a more environmentally and socially sustainable
 industrial culture.
     If you would like to schedule an interview with KPMG's Israel, please
 contact Bill Madden (201-505-3893) or Dan Mucisko (201-505-3539).
 
     KPMG LLP is the accounting and tax firm that understands the needs of
 business in the global economy.  KPMG helps its clients by devising
 results-oriented business strategies, providing insights that help them stay
 ahead of the competition and achieve market-leading results.  KPMG LLP is the
 U.S. member firm of KPMG International.  KPMG International's member firms
 have more than 108,000 professionals, including 7,000 partners, in
 159 countries.  KPMG's Web site is http://www.us.kpmg.com.
 
 

SOURCE KPMG LLP
    NEW YORK, April 2 /PRNewswire/ -- Earth Day will dawn again April 22, with
 Corporate America finally beginning to raise its social consciousness.
 Already an added measure of value for European investors, good corporate
 citizenship has hit the New World.
     As Earth Day shines a global spotlight on environmental awareness,
 companies are unearthing new ways to place a value on corporate accountability
 in such categories as environmental management, worker relations, social
 responsibility and other non-financial areas.  Widely recognized in Europe,
 this once-uncharted territory is proving fertile ground for civic-minded U.S.
 companies.  A survey by KPMG LLP found that 30 percent of U.S. firms in the
 Global 100 published external environmental reports in the late 1990s.
     One of Europe's first chartered environmental accountants, KPMG's Eric
 Israel is available to discuss this growing U.S. trend.
     Israel also will be a panelist at the 2001 Sustainable Development
 Conference on April 24-25 in Manhattan.  The conference will analyze the
 corporate commitment to develop competitive products while, at the same time,
 spearheading the movement to a more environmentally and socially sustainable
 industrial culture.
     If you would like to schedule an interview with KPMG's Israel, please
 contact Bill Madden (201-505-3893) or Dan Mucisko (201-505-3539).
 
     KPMG LLP is the accounting and tax firm that understands the needs of
 business in the global economy.  KPMG helps its clients by devising
 results-oriented business strategies, providing insights that help them stay
 ahead of the competition and achieve market-leading results.  KPMG LLP is the
 U.S. member firm of KPMG International.  KPMG International's member firms
 have more than 108,000 professionals, including 7,000 partners, in
 159 countries.  KPMG's Web site is http://www.us.kpmg.com.
 
 SOURCE  KPMG LLP