CT Companies Praxair and Xerox Are Named to Top 100 Corporate Citizens

Two Connecticut-based companies have been named among America’s Best Corporate Citizens.  Danbury-based Praxair and Xerox, with headquarters in Norwalk, both reached The Just 100, published by Forbes magazine. Praxair, Inc., which ranked at #31 on the Just 100, is an industrial gas supplier in North and South America, with 26,000 employees in more than 50 countries.  It designs, engineers, manufactures and operates facilities that produce and distribute industrial gases. The North America segment operates production facilities in the U.S., Canada, and Mexico. The Europe segment has production facilities primarily in Italy, Spain, Germany, the Benelux region, Scandinavia, and Russia which include approximately 60 cryogenic air separation plants. The company was founded in 1907.

At #54 is Xerox, which provides business process and document management solutions. It provides document technology, services, software and supplies for graphic communication and office printing environments of any size. Xerox, founded in 1906, operates through three segments: Services, Document Technology, and Other. The Services segment is comprised of business process outsourcing and document outsourcing. The Business process outsourcing provides multi-industry offerings such as customer care, transaction processing, finance and accounting, and human resources, as well as industry focused offerings in areas such as healthcare, transportation, financial services, retail and telecommunications.

“The most admired companies understand their responsibilities are twofold – deliver a premium return on assets and make a positive impact on society,” Xerox CEO Jeff Jacobson wrote in the company’s Global Citizenship Report. “The way we see it, we have a responsibility that goes beyond our primary, economic role to helping the people living in our communities to grow and thrive.”

The top 10 were Intel, Texas Instruments, NVIDIA, Microsoft, IBM, Accenture, Cisco Systems, Alphabet, Salesforce.com, and Symantec.

According to a survey of 72,000 Americans, being a “just” company means producing quality goods, treating customers well, minimizing environmental impact, supporting the communities businesses operate in, committing to ethical (and diverse) leadership, and above all, treating workers well, Forbes explained.

With these seven metrics in mind, Forbes — in partnership with Just Capital —analyzed nearly 1,000 of the nation’s largest publicly-traded companies to determine which have the best and most just business behavior.  The result is the Just 100 rankings, which will be featured in the December 26, 2017 issue of Forbes magazine.