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Hess Again Improves Ranking as CRO Magazine Corporate Citizen

NEW YORK

Corporate Responsibility Magazine (CRO) has named Hess Corporation No. 10 on its list of the 100 Best Corporate Citizens in 2010. The magazine measures corporate attributes in such areas as Climate Change, Environment, Philanthropy, Human Rights and Employee Relations.

The 100 Best Corporate Citizens List is based on more than 360 data points of publicly-available information in seven categories: Environment, Climate Change, Human Rights, Philanthropy, Employee Relations, Financial Performance, and Governance. The 100 Best Corporate Citizens are selected from among the large-cap Russell 1000 companies, based on data provided by leading ESG investor data firm IW Financial.

Hess was first named to the list in 2008 when it was ranked No. 76 overall.  The company moved up to No. 15 in 2009, the same year CRO recognized Hess Chairman and CEO John Hess as Responsible CEO of the Year in the Large-Cap category.

Hess Corporation Chairman and CEO John Hess receives Corporate Responsibility Officer (CRO) Magazine's 2009 Responsible CEO of the Year in the Large-Cap category from Jay Whitehead, president and publisher, CRO magazine.

In presenting the award to Mr. Hess, CRO President and Publisher Jay Whitehead said that the "CRO Magazine Responsible CEO of the Year Award recognizes John Hess’ significant contribution to raising the profile and professional practice of corporate responsibility and sets a high standard for those who aspire to this award in the future."

John Hess said. "Social responsibility is a core value of the company and guides us in all of our activities, John Hess said.  "Companies are judged not only by their results but how they achieve them.
 
"We are proud of the progress our company has made in ensuring the safety and health of our employees, protecting the environment and making a positive impact on the communities where we do business."
 
Hess also expressed his appreciation for the leadership of Gerald Bresnick, vice president, Environment Health, Safety and Social Responsibility, and Paula Luff, director, Corporate Social Responsibility for the company’s improved performance in corporate responsibility.
 
CRO magazine’s recognition of Hess and its leadership "are the result of a lot of hard work and dedication to the Hess Values. These awards represent the very real commitment of the company, its employees and its contractors to be decent and productive world citizens," said Bresnick.

The 100 Best Corporate Citizens List’s is governed by a Methodology Committee of the Corporate Responsibility Officers Association (CROA). The 100 Best List methodology is published in the 100 Best Corporate Citizens List issue of Corporate Responsibility Magazine every year and mailed subscribers.  It can be found online starting at www.thecro.com.

"Company stakeholders from investors to customers to employees to regulators watch the 100 Best Corporate Citizens List closely, and are using it now more than ever to make important decisions," said Whitehead.

"That is why we are seeing leading companies focusing in greater numbers on their public reporting and performance, particularly in the areas of climate change, environment, employee relations, and human rights. Between 2009 and 2010, for instance, the top company’s total score improved by 66 percent, and the average score of all 100 companies climbed by 19 percent." "The higher scores reveal a quantum leap in performance, which we attribute to the competitive dynamic of firms who understand the importance of stakeholder support from investors, customers, employees, regulators, and suppliers," said Corporate Responsibility Magazine editor Dirk Olin.