Recently, Range Resources was ranked number 10 on a list of the 100 Most Trustworthy Companies in America. It’s a distinction made all the more impressive by where it came from — Forbes magazine.
Since 1917, Forbes has been publishing articles on finance, industry, investing, marketing and new technology. Founded by B.C. Forbes, a financial columnist for the Hearst papers, and his partner Walter Drey, then general manager of the Magazine of Wall Street, the magazine has long been known for its comprehensive coverage of business and the economy. It is the most widely read business magazine, outpacing its competitors by more than 2.5 million readers; and in 2014, the magazine achieved its highest readership ever in the United States.
Forbes is also well known for the lists and rankings it regularly compiles; and for the respected research behind those lists. Recently – the magazine published their 2015 list of the 100 Most Trustworthy Companies in America.
It’s a list that required the screening and vetting of more than 5,500 publicly traded North American companies. The core issues used to whittle the group included transparent accounting practices and solid corporate governance — qualities that Range Resources Chairman, President and CEO Jeffrey Ventura has described as among the most important of Range’s Corporate Responsibilities. And so while inclusion on this year’s list of the 100 Most Trustworthy Companies in Americamay not come as a surprise to employees of Range; it is certainly an honor to be recognized nationally for those efforts.
According to Forbes:
“Authenticity” is a concept that’s been much discussed of late as the best way to earn and retain loyal customers, but when it comes to the care and keeping of shareholders, “trustworthy” is still the name of the game. Since 2007, GMI Ratings, now a part of MSCI ESG Research, has produced an annual list of the 100 Most Trustworthy Companies in America (no list was published in 2011.) As the country spun towards the financial crisis and one-time giants like Enron and WorldCom cratered, James Kaplan , then-director of GMI, grew weary of the vagaries of discussing corporate wrongdoing, much of which, he felt, could be signaled by particular behaviors long before disaster struck.
Kaplan created the company’s AGR rating system, which is still used to build this list, to not only identify nefarious behavior but to spotlight companies that abstained…
….In general, companies that make this list can be relied upon to accurately report financial outcomes, for better or worse. So while there’s no guarantee that an honest company is a thriving one, the majority of the companies here are financial sound, demonstrating strong stock performance, and providing shareholders with greater levels of transparency.
The researchers behind the list, MSCI ESG, provide in-depth research, ratings and analysis of the environmental, social and governance-related business practices of thousands of companies worldwide. Their services are widely used by institutional investors, asset managers, advisors, government and non-government organizations, sovereign wealth funds and consultants.
Range Resources is proud to be included on this year’s Forbes list of the 100 Most Trustworthy Companies in America, and to continue to deliver competitive financial results to our shareholders, while upholding our core values of performance, transparency, integrity and innovation. These values can be seen throughout our operations and their contributions to shareholder value are evidenced in our overall corporate performance.