OAKLAND, CA -- (Marketwire) -- 01/16/13 -- The Clorox Company (NYSE: CLX) has received the Most Innovative Corporate Social Responsibility (CSR) Disclosure Policy Award by Corporate Secretary magazine. The award recognized the company's 2011 annual report "Think Outside the Bottle," which was Clorox's first time to combine its financial, environmental, social and governance performance in one report.
"Our environmental, social and governance (ESG) performance is foundational to our financial success, and we believe our annual report should reflect this," said chairman and CEO Don Knauss. "This award is gratifying recognition for Clorox and for all companies that are using reporting to help investors understand the strategic link between financial and ESG performance."
This year's awards received more than 100 nominations from large and small market-cap companies. In the category of CSR Disclosure, judges evaluated entries based on the quality and robustness of their CSR reporting. This included exposure to environmental risk factors, employee health and safety, foreign corrupt practices, consumer safety, social responsibility and corporate sustainability.
The Clorox Company's 2011 and 2012 annual reports summarize the company's commitments and performance in five key areas of the business:
•Performance: Achieving financial success with transparency and strong governance •Products: Making responsible products, responsibly •People: Promoting diversity, opportunity and respectful treatment •Planet: Shrinking our environmental footprint while growing our business •Purpose: Safeguarding families with Be Healthy, Be Smart and Be Safe initiatives
Clorox uses the Global Reporting Initiative (GRI) G3.1 Guidelines, which provide a recommended framework and indicators for reporting. In 2011 and 2012, Clorox reported at a GRI-checked application level of "B+," which reflects the number of disclosures the company has included in its reports, as well as third-party verification of its greenhouse gas emissions.
In 2012, Clorox also joined the International Integrated Reporting Council pilot to help shape evolving global standards for integrated reporting.
The Clorox Company's 2011 and 2012 fiscal year reports can be found at TheCloroxCompany.com/investors/financial-reporting/annual-reports/.
The Clorox Company
The Clorox Company is a leading multinational manufacturer and marketer of consumer and professional products with approximately 8,400 employees and fiscal year 2012 revenues of $5.5 billion. Clorox markets some of the most trusted and recognized brand names, including its namesake bleach and cleaning products, Clorox Healthcare, HealthLink®, Aplicare® and Dispatch® products, Green Works® naturally derived home care products, Pine-Sol® cleaners, Poett® home care products, Fresh Step® cat litter, Glad® bags, wraps and containers, Kingsford® charcoal, Hidden Valley® and KC Masterpiece® dressings and sauces, Brita® water-filtration products, and Burt's Bees® and gud® natural personal care products. Nearly 90 percent of the company's brands hold the No. 1 or No. 2 market share positions in their categories. Clorox's commitment to corporate responsibility includes making a positive difference in its communities. In fiscal year 2012, The Clorox Company Foundation awarded $3.5 million in cash grants, and Clorox made product donations valued at $15 million. For more information, visit TheCloroxCompany.com.
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