Xerox 2004 Annual Report Download - page 99

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Please find page 99 of the 2004 Xerox annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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It’s Good
From environmental and diversity programs to community
outreach and corporate governance, Xerox continues to
be recognized as a leader in all aspects of corporate social
responsibility. Some highlights:
•The Xerox Foundation invested $12.3 million in 2004. Among
its contributions: 40 grants to university science programs,
scholarship programs at 140 colleges and universities, and
grants to about 400 nonprofit organizations.
•To ensure Xerox paper is sourced from sustainably managed
forests, Xerox deployed a stringent set of requirements to
its paper suppliers, obtaining commitments from suppliers
that provide more than 90 percent of Xerox paper.
•Xerox’s 11-member board is 91 percent
independent, following a tough 1 percent
independence standard.
•In 2004, Xerox spent about $344 million
through its supplier diversity program.
•FORTUNE, DiversityInc, the Human Rights
Campaign, the Toronto Globe and Mail,
Exame magazine in Brazil, and several other
entities recognized the Xerox workplace
as being among the best.
•FORTUNE’s 2005 “Global Most Admired
Companies” survey ranked Xerox No. 2 in its
industry, including a No. 1 rating for “social
responsibility.” Business Ethics magazine’s
2005 list of “100 Best Corporate Citizens”
ranked Xerox No. 10 among U.S. corporations.
•The company diverted more than 160 million pounds of
waste from landfills last year and saved Xerox several hundred
million dollars through remanufacturing and parts reuse.
•Xerox encourages employees to volunteer in their communities
through programs like Social Service Leave, which offers
paid sabbaticals for community service; the Community
Involvement Program, which provides seed money for Xerox
teams to fund community projects; and the Science Consultant
Program through which employees like Lou Bostic, pictured
right, bring real-life science experiments into the classroom.
Business
“We all believe that we are
part of an on going
experiment to demonstrate
that business success
and social responsibility
are not mutually exclusive.
In fact, we believe they
are synergistic.”
Xerox Chairman and CEO
Anne Mulcahy at the Business for
Social Responsibility Conference,
Nov. 11, 2004
“We all believe that we are
part of an on going
experiment to demonstrate
that business success
and social responsibility
are not mutually exclusive.
In fact, we believe they
are synergistic.”
Xerox Chairman and CEO
Anne Mulcahy at the Business for
Social Responsibility Conference,
Nov. 11, 2004
Social Responsibility