Chrysler Wins Top Safety Rating; Hershey to Source 100% Certified Cocoa; CSR Efforts Return Extra 4% to Bottom Line - CSR Minute for October 9, 2012

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Chrysler Wins Top Safety Rating; Hershey to Source 100% Certified Cocoa; CSR Efforts Return Extra 4% to Bottom Line - CSR Minute for October 9, 2012

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Tuesday, October 9, 2012 - 11:15am

CONTENT: Press Release

Chrysler’s new Dodge Dart has been named a 2012 Top Safety Pick by the Insurance Institute for Highway Safety. The vehicle, the first joint product of Chrysler and Fiat, scored the highest rating in each of the four crash test used by the IIHS to evaluate passenger safety. Chrysler just reported its best U.S. September sales in five years, with an increase of 12 percent.

Hershey has announced that it will source 100 percent certified cocoa for its global chocolate product lines by 2020, and will accelerate its programs to eliminate child labor in the cocoa regions of West Africa. Currently, less than five percent of the world’s cocoa supply is certified.

Successful CSR efforts by U.S. companies have resulted in an excess annual return of 4.4 percent, concludes a recent study. The paper, “Active Ownership,” examined 2,152 CSR efforts undertaken by an unnamed, well-known SRI asset management firm between 1999 and 2009 with 613 public companies. 18 percent of the efforts were successful, with most focusing on corporate governance or climate change issues.

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Keywords: 3bl Media | Events, Media & Communications | Active Ownership | CSR Minute | Chrysler | Fiat | Insurance Institute for Highway Safety | Public Companies | SRI | Top Safety Rating | bottom line

CONTENT: Press Release