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The Hershey Company Recognized as One of America’s ‘100 Best Corporate Citizens’

Corporate Responsibility Magazine honors companies that are leaders for their commitment to environmental, economic, and social values and practices.

HERSHEY, Pa.–(BUSINESS WIRE)– The Hershey Company (NYS: HSY) today was recognized for the first time as one of America’s best Corporate Citizens in Corporate Responsibility Magazine. The magazine annually ranks the nation’s top 100 companies for demonstrated CSR best practices and a commitment to publicly reporting their socially responsible initiatives.

“We are thrilled with this recognition; it is a tribute to our employees around the world who work each and every day in a socially responsible way,” said Michele Buck, Senior Vice President, Chief Growth Officer. “‘Doing well by doing good’ is part of our company’s DNA, and as we grow around the world, the sustainability of our global community remains fundamental to our business strategy.”

Hershey’s commitment to corporate social responsibility has led to attracting and retaining a highly engaged workforce dedicated to building on the legacy of founder Milton Hershey, delivering exceptional shareholder value, building a sustainable platform for global growth and strengthening the company’s global reputation.

Hershey’s social responsibility initiatives are organized into a four-pillar framework: Marketplace, Environment, Workplace and Community.

This framework focuses the company’s CSR efforts and allows it to conduct its business in a socially responsible and environmentally sustainable manner while providing the market with high-quality products.

Some recent achievements include:

Marketplace: In February 2013, Hershey announced its 21^st Century Cocoa Plan, a roadmap for how all of Hershey’s cocoa programs come together to help cocoa communities around the world grow sustainable cocoa for the next century. Hershey’s Cocoa Plan will reach 750,000 cocoa farmers and benefit more than two million West African people.
Environment: Hershey invested in a $300-million expansion and modernization of its West Hershey plant, which was completed on time while being managed as a zero-waste-to-landfill (ZWL) project. This expansion also included the installation of major energy and water conservation measures. The West Hershey plant is one of five Hershey facilities currently operating as ZWL.
From: http://www.dailyfinance.com/2013/04/12/the-hershey-company-recognized-as-one-of-americas-/

By Alex Planes, The Motley Fool

Filed under: Investing

On this day in economic and financial history …

Milton S. Hershey began construction on what would become the center of his chocolate empire on March 2, 1903. Hershey had developed a superior formulation for milk chocolate with some of the proceeds from the sale of his Lancaster Caramel Company several years earlier and had selected his Pennsylvania hometown of Derry Church as the site of his milk chocolate plant because of its proximity to dairy farms. Hershey became the first chocolatier to market a mass-produced milk chocolate — a costly luxury in those days — when construction finished two years later.

Hershey grew rapidly, as you already know. The Hershey’s Kiss came out in 1907, and by this point the company’s expansion was already transforming Derry Church into Hershey, Pa., a “company town” that’s grown to include a full-fledged amusement park and both indoor and outdoor sporting arenas. By 1927, Hershey decided to go public and was initially valued at $61.5 million, which translates to more than $800 million today.

The early death of Milton Hershey‘s wife pushed him further into his philanthropy, and by 1918 he’d transferred most of his assets to the trust overseeing his private boarding school. Today, the Milton Hershey School has one of the richest endowments of any primary education institution in the country. At $7.8 billion in 2008, it can easily cover the $110,000 cost of each of 1,850 students’ educations per year for nearly four decades without having to worry about raising more funds. Not that it necessarily should be worried — a single share from Hershey’s IPO is now worth 360 shares, and that first-day holding has gained 7.5% per year for 86 years.

A strong day in a dark time
The Dow Jones Industrial Average made one of its strongest rebounds of the early Great Depression on March 2, 1932, rising 5.4% on news that Britain would be paying off most of the outstanding credit it had received from American banks half a year earlier. The Washington Post wrote of the bounce: “This evidence of reviving vigor in a nation whose financial troubles only last fall had caused widespread concern carried constructive implications. … [T]rades apparently hastened to express their approval in a practical way.” The Dow’s 20% gain since the start of 1932 was finally starting to give investors hope that the worst was behind them.

Unfortunately, there was farther to fall. The Dow ended up 52% lower than its March 2 close when it bottomed out that July, despite having already endured a 77% loss since the peak of the Roaring ’20s. The remainder of that slide was extraordinarily volatile — the Dow suffered through an average absolute daily change of 2.4% from March 2 to the July bottom. By comparison, the Crash of 1929 (from the peak to the end of the …read more
Source: FULL ARTICLE at DailyFinance

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