FOR IMMEDIATE RELEASE
Sprint Nextel, Intuit and Brown Forman join Ceres Network of Companies
The Ceres Board of Directors announced today that Sprint Nextel, Intuit and Brown Forman have joined the Ceres Network of Companies. Companies that join Ceres commit to improve their sustainability disclosure and performance by engaging with investors, environmental groups and other stakeholders.
“Each of these companies has demonstrated commitment to sustainability at the highest levels of their company and we look forward to working with them,” said Mindy Lubber, President of Ceres. “Technology companies, like Sprint and Intuit, have an increasingly critical role to play in innovating solutions to many of the world’s most difficult sustainability challenges. We are also excited to be working with Brown-Forman to help raise the bar on leadership for the beverage-alcohol industry.”
Sprint Nextel (NYSE: S) has led the telecommunications industry in reuse and recycling of wireless devices through its take-back programs. To date, Sprint has kept more than 24 million wireless devices out of landfills and raised more than $10 million for charity through these programs. Sprint has also established corporate sustainability goals in an effort to reduce its carbon footprint, use renewable energy, create less waste, and develop innovative and environmentally friendly products.
In 2010, the company revised its corporate responsibility governance structure, with CEO Dan Hesse chairing its Executive Steering Committee, an indication of the company’s high-level commitment to sustainability.
“With industry leadership in eco-friendly devices, wireless recycling programs and green standards development, Sprint has made great progress on our sustainability journey,” said Hesse. “Wireless technology is an important sustainability driver, and partnering with Ceres will further Sprint’s sustainability efforts, which is good for our customers and our company.”
Intuit Inc. (NASDAQ:INTU) is a leading provider of business and financial management solutions for small and medium-sized businesses, consumers, accounting professionals and financial institutions. To help customers easily participate in sustainability programs at the office, Intuit developed Freecycle™@Work. It’s a free, online application that provides a way for businesses to empower employees to post business and personal items they no longer need or find items they do, encouraging re-use while reducing landfill.
“A focus on sustainability is part of our social responsibility and aligns with our operating values,” said Brad Smith, Intuit’s president and CEO. “We view sustainability not only as a competitive advantage, but the right thing to do for the environment and our customers.”
Intuit’s sustainability program focuses on initiatives such as energy efficiency, product packaging, and sustainability-related products and services to help its customers think and act green.
Brown-Forman Corporation (NYSE:BF.B), the first spirits and wine company to join the Ceres Company Network, is headquartered in Louisville, KY, has brands in its portfolio such as Jack Daniel’s, Herradura, El Jimador, Finlandia, Sonoma-Cutrer, Korbel and Southern Comfort.
“We look forward to broadening our engagement with key stakeholders and to further integrating sustainability into our business strategy and decision-making,” said Vice Chairman Jim Welch. The company’s top environmental sustainability priorities include climate change and water stewardship, an issue of increasing global importance. The company has already established a comprehensive climate change strategy.
Ceres leads a network of investors, environmental groups and other public interest organizations that works with companies to address sustainability challenges such as global climate change. Ceres also directs the Investor Network on Climate Risk, a network of 100 institutional investors with more than $10 trillion of collective assets focused on the business impacts of climate change.