GAP INC. NAMED ONE OF THE 100 BEST CORPORATE CITIZENS
Company Earns #25 Ranking By CRO Magazine
SAN FRANCISCO – FEBRUARY 14, 2007 – For the second year in a row, Gap Inc. (NYSE: GPS) has been distinguished as one of the “100 Best Corporate Citizens” in an annual survey of major U.S. companies by CRO magazine (formerly Business Ethics magazine). Gap Inc. ranked number 25 on the 2007 list which serves as a national indicator of best practices in the area of corporate responsibility.
“We strive to make a positive impact on the communities around the world where we do business,” said Dan Henkle, senior vice president of social responsibility for Gap Inc. “We’re honored to be recognized as a leader among U.S. companies.”
Now in its eighth year, the 100 Best Corporate Citizens list identifies companies that excel at serving a variety of stakeholders. The list is compiled by KLD Research & Analytics, an independent research firm, from more than 1,100 of the largest U.S. publicly traded companies.
Companies considered for the list include U.S. firms in the Russell 1000, the S&P 500, and the Domini 400 Social Index. These firms are ranked on service in eight stakeholder categories: shareholders, community, governance, diversity, employees, environment, human rights, and product.
“The 100 Best distinguish themselves from their peers at other large public companies by embracing higher standards – combining financial performance with responsible practices on environmental and social issues,” said Michael Connor, publisher and editor of CRO magazine. “We salute the 100 Best for their leadership roles in the field of corporate responsibility.”
More details regarding the 100 Best Corporate Citizens list are available on the CRO website at www.thecro.com.
Gap Inc. will release its third Corporate Social Responsibility report this summer.
About Gap Inc.
Gap Inc. is a leading international specialty retailer offering clothing, accessories and personal care products for men, women, children and babies under the Gap, Banana Republic, Old Navy, Forth & Towne and Piperlime brand names. Fiscal 2006 sales were $15.9 billion. Gap Inc. operates more than 3,100 stores in the United States, the United Kingdom, Canada, France, Ireland and Japan. In addition, Gap Inc. is expanding its international presence with franchise agreements for Gap and Banana Republic in Asia and the Middle East. For more information, please visit gapinc.com.