WASHINGTON Fannie Mae took third in an annual ranking of the nations 100 best corporate citizens by Business Ethics magazine.
Procter & Gamble was first, Hewlett-Packard second, Motorola fourth, and International Business Machines fifth in addressing the needs of stakeholders. Business Ethics defines these as groups or communities affected by a companys activities, or that have risked their financial, social, or human capital in a corporation. (Customers, communities, and employees are all considered stakeholders.)
Corporations are rated by their contributions to stakeholders in five categories: the environment, community relations, employee relations, diversity, and customer relations.
Being a responsible corporate citizen is one of Fannie Maes core commitments, Dan Mudd, Fannie Maes vice chairman and chief operating officer, said in a press statement. By ensuring at all times that Fannie Mae has a positive impact on the lives of our employees, the communities in which we live, and the nation we serve, we are better able to meet our unique public mission to reduce barriers, lower costs, and increase the opportunities for homeownership and affordable rental housing for all Americans.
Fannie Mae placed ninth in last years rankings.
