2 February 2024
2 February 2024, Comments Comments Off on Thor Industries, Winnebago, Lippert and Cummins named by Newsweek as some of America’s Most Responsible Companies
Thor Industries, Winnebago, Lippert and Cummins named by Newsweek as some of America's Most Responsible Companies

Newsweek has named no less than four big companies in the RV industry, Winnebago Industries, Thor Industries, Lippert and Cummins, as some of America’s Most Responsible Companies for 2024.

For the fifth year, Newsweek has partnered with global research and data firm Statista for its annual list of America’s Most Responsible Companies.

Out of 600 of the largest corporations in the United States, the highest scoring company involved with the RV industry were Cummins, ranked 195, Lippert (LCI Industries), ranked 221, and Thor Industries and Winnebago Industries ranked equal at 476.

Corporate responsibility encompasses environmental, social, and corporate governance (ESG). However, at the core is the idea that businesses should support the communities in which they belong.

“The survey results suggest that companies have been making improvements in certain areas over the last three years, with social responsibility scores notably on the rise,” Michael Bausch, senior analyst at Statista, tells Newsweek. “This positive trend indicates a commitment to enhancing corporate practices, particularly in response to societal expectations. The data reflects a gradual but encouraging evolution in companies’ efforts to fulfill their responsibilities, highlighting a positive shift in their overall approach.”

This year, Newsweek awarded 600 of the largest corporations in the United States, up from 500 in 2022. While that increase is noteworthy, even more so is the fact that the company in this year’s 600th spot has a higher score than last year’s 500th. It is also worth mentioning that 243 companies on the list have placed for at least four consecutive years, with 156 earning a spot for all five years.

“There is a discernible trend where an increasing number of companies are not only engaging in CSR practices but also actively publishing CSR reports. This noteworthy shift is exemplified by a near doubling of the count from 549 in 2019 to 1039 in 2022,” Bausch says. “Moreover, among the companies that have embraced CSR reporting, there is a notable uptick in the number of key performance indicators (KPIs) being included, showcasing a continuous effort towards heightened transparency.”

In addition to more reporting, one of the enhancements for KPI accuracy is the replacement of the categories “social projects” and “environmental projects” with two KPIs based on participation and recognition by the organizations Human Rights Campaign and CEO Action.