Ducommun Incorporated Named to Newsweek’s List of Most Responsible Companies for 2024
Ducommun Incorporated (NYSE: DCO) has been named one of America's Most Responsible Companies 2024 by Newsweek, highlighting its commitment to corporate social responsibility and sustainability. The recognition is based on rigorous evaluation of key performance indicators and a survey of U.S. residents, showcasing Ducommun's dedication to environmental, social, and governance practices.
03/14/2024 - 06:30 AM
SANTA ANA, Calif., March 14, 2024 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE: DCO), a global supplier of innovative electronic systems and structural solutions for the aerospace and defense industry, has been named to Newsweek’s list of Most Responsible Companies 2024
Newsweek’s annual list of America’s Most Responsible Companies was produced in collaboration with data firm Statista, a global data and business intelligence platform with an extensive collection of statistics, reports, and insights on over 80,000 topics from 22,500 sources in 170 industries. The America’s Most Responsible Companies 2024 ranking focuses on a holistic view of corporate responsibility based on two metrics: 30 key performance indicators researched for the top 2,000 public companies by revenue headquartered in the United States, and responses to a survey evaluating their CSR performance along three environmental, social and governance subdimensions.
“It is an honor to be named to Newsweek’s list of Most Responsible Companies 2024,” said Stephen G. Oswald, chairman, president and chief executive officer of Ducommun Incorporated. “Our core values of honesty, professionalism, respect, trust and teamwork drive everything we do at Ducommun and support our commitment to responsibly deliver exceptional value to all stakeholders within the communities in which we operate. We also founded our corporate environmental and responsibility program in 2019 and Newsweek’s designation reinforces that our approach to operating sustainably is working and contributing to Ducommun’s success!”
"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."
The full Newsweek list of Most Responsible Companies 2024 was featured in the magazine’s December 15, 2023 print edition.
Methodology
The analysis is based on two metrics:
1. Quantitative data from key performance indicator (KPI) research: More than 30 KPIs from the three pillars of CSR were considered for the ranking.
2. The CSR reputation of each company from an extensive survey of 17,000 U.S. residents: Respondents were asked to select companies familiar to them and to then evaluate the company's CSR performance in general and along the three sub-dimensions: environmental, social and governance.
The selection of the companies and the definition of the evaluation criteria were based on independent journalistic criteria established by Newsweek and Statista. The evaluation was carried out by the statistics and market research company Statista. Newsweek and Statista make no claim as to the completeness of the companies examined.
The ranking is composed exclusively of eligible U.S. companies based on the criteria described above. A position in the ranking is a positive recognition based on research of publicly available data sources at the time and an extensive survey of U.S. residents. The ranking is the result of an elaborate process which, due to the interval of data-collection and analysis, is a reflection of official environmental, social and governance data from 2021 or 2022.
About Ducommun Incorporated Ducommun.com .
About Newsweek Newsweek is the modern global digital news organization built around the iconic, over 85-year-old American magazine. Newsweek reaches 100 million people each month with its thought-provoking news, opinion, images, graphics, and video delivered across a dozen print and digital platforms. Headquartered in New York City, Newsweek also publishes international editions in EMEA and Asia.
MEDIA CONTACTS: SMookerji@ducommun.com
What recognition did Ducommun Incorporated receive in 2024?
Ducommun Incorporated was named one of America's Most Responsible Companies 2024 by Newsweek.
What are the core values driving Ducommun's operations according to Stephen G. Oswald?
The core values driving Ducommun's operations are honesty, professionalism, respect, trust, and teamwork.
How was the ranking of America's Most Responsible Companies 2024 determined?
The ranking was determined based on quantitative data from key performance indicators and a survey of U.S. residents evaluating CSR performance.
Who collaborated with Newsweek to produce the list of Most Responsible Companies 2024?
Newsweek collaborated with data firm Statista to produce the list.
What does the recognition by Newsweek reinforce about Ducommun's sustainability efforts?
The recognition reinforces that Ducommun's approach to operating sustainably is working and contributing to its success.
