GAP INC. RANKED #1 RETAILER AMONG 100 BEST CORPORATE CITIZENS
Company Earns Placement on CRO List for the Fourth Year in a Row
SAN FRANCISCO, CA. – March 6, 2009 – For the fourth year in a row, Gap Inc. (NYSE: GPS) has been distinguished as one of the “100 Best Corporate Citizens.” The company ranked first among retailers, and moved up 37 spots to place 24th overall in the most recent ranking of major U.S. companies by CRO Magazine which serves as a national indicator of best practices in the area of corporate responsibility.
“Gap Inc. has consistently pursued higher standards for their business practices – combining fiscal responsibility with responsible practices on environmental and social issues,” said Jay Whitehead, publisher and editor of CRO magazine. “In tough times, a strong reputation and a commitment to transparency, as Gap Inc. has demonstrated over the years, is an absolutely necessary part of doing business.”
The 100 Best Corporate Citizens List is based entirely on publicly-available information and ranks Russell 1000 companies on their performance in seven key areas: Environment, Climate Change, Human Rights, Philanthropy, Employee Relations, Financial and Governance.
“As one of the largest specialty retailers in the world, we pride ourselves not only on the quality of the garments we sell but also on the role we play as a responsible corporate citizen in the complex global economy,” said Dan Henkle, senior vice president of Global Responsibility for Gap Inc. “We believe it’s our responsibility to do what’s right and are honored to be recognized again as a leader among U.S. companies.”
Gap Inc. will release its fourth Social Responsibility Report, covering the years 2007-2008, in the summer of 2009.
Additional information about Gap Inc.’s commitment to social responsibility can be found online at www.gapinc.com. Details regarding the 100 Best Corporate Citizens list are available on the CRO website at www.thecro.com.
About Gap Inc.
Gap Inc. is a leading global specialty retailer offering clothing, accessories and personal care products for men, women, children and babies under the Gap, Banana Republic, Old Navy, Piperlime and Athleta brand names. Fiscal 2008 sales were $14.5 billion. Gap Inc. operates more than 3,100 stores in the United States, the United Kingdom, Canada, France, Japan and Ireland. In addition, Gap Inc. is expanding its international presence with franchise agreements in Asia, Europe, Latin America and the Middle East. For more information, please visit gapinc.com.