Coherent has been named to Business Ethics magazine's 100 best corporate citizens list for the second consecutive year
The closely watched survey has gained US national recognition as an indicator of best practices in the area of social responsibility.
The 100 best corporate citizens list puts a numerical rating on service to these various stakeholders.
Environmental, social and governance ratings are drawn from Socrates, the online social research database created by KLD Research and Analytics in Boston, an independent research firm serving investment management professionals.
The universe of companies considered for the list encompasses U.S.
firms in the Russell 1000, the S+P 500, and KLD's Domini 400 Social Index.
These firms are ranked on their performance in eight stakeholder categories: shareholders, community, governance, diversity, employees, environment, human rights, and product.
Social scores use KLD's assessment of strengths and concerns demonstrated in each category.
The shareholder score is based on three-year average total return (stock appreciation plus dividends) through year-end 2005.
"Corporations increasingly must look at how their businesses impact all stakeholders," said John Ambroseo, president and chief executive officer of Coherent.
"Coherent is especially proud to be recognized as a good corporate citizen," added Ambroseo.
