Gap Inc. Makes 2006 ’100 Best Corporate Citizens’ List
Business Ethics Magazine Ranks Gap Inc. as a Leader Among Major U.S. Companies.
SAN FRANCISCO – April 27, 2006 – Gap Inc. (NYSE: GPS) has been distinguished as one of the “100 Best Corporate Citizens” among major U.S. companies by Business Ethics magazine. Gap Inc. ranked number 21 in the company’s fourth appearance on the list.
“We are thrilled to be recognized for our commitment to corporate social responsibility. Our values are reflected in how we run our business, how we treat our employees and how we invest in the communities where we do business,” said Paul Pressler, president and CEO, Gap Inc.
The prestigious annual list – now in its seventh year – evaluates the top 1,000 largest publicly-traded companies in the U.S. and is based on a sophisticated statistical analysis of performance in the following eight stakeholder categories: shareholders, community, governance, diversity, employees, environment, human rights and product.
Gap Inc. scored highest in the categories of diversity, human rights and governance.
In recent years, the company has won acclaim for social reporting on factory conditions, notably as the 2005 winner of Business Ethics Social Reporting Award, recognized “for taking social reporting a quantum step forward by risking unprecedented honesty in reporting on factory conditions.”
“Being a good corporate citizen requires focus, dedication, and hard work. The companies on our list are to be congratulated for their performance,” said Michael Connor, publisher and executive editor of Business Ethics.
More details regarding the 100 Best Corporate Citizens list are available on the Business Ethics Web site at http://www.business-ethics.com/whats_new/100best.html.
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 and Forth & Towne brand names. Fiscal 2005 sales were $16.0 billion. Gap Inc. operates about 3,000 stores in the United States, the United Kingdom, Canada, France and Japan. For more information, please visit gapinc.com.
About Business Ethics
Founded in 1987, Business Ethics magazine is the only US-based business magazine focusing on ethics and corporate social responsibility. Published four times a year with a total distribution to approximately 10,000 readers, it has a unique position and a unique readership of thought leaders in business, investing, academia, government and civil society organizations interested in corporate social responsibility issues.
Business Ethics is owned by New York City-based New Mountain Media. In addition to the magazine, the company sponsors conferences and seminars and produces a one-hour weekly radio program, Good Company, on LIME/Sirius Satellite Radio. For more information visit www.business-ethics.com.
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