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Baldor Electric Company

Mon, 2010-03-29 21:43 — superadmin
Region: 
Private: 
Public: 
Ticker: 
BEZ
Market cap: 
$1,621 million
Country of incorporation: 
United States of America
Industry: 
Industrials
Description: 

Manufactures industrial electric motors, mechanical power transmission products, drives and generators which are sold to OEMs and distributors in 70 industries1.

  1. 1. Google finance company description
Positive Impact – Doing: 

1. Manufactures energy efficient electric industrial motors; e.g., "Super-E " premium efficiency motors1.

  1. 1. http://www.baldor.com/products/ac_motors.asp
Positive Impact – Talking: 

1. Message from Chairman & CEO highlights 10 values that are most talked about and that shape their culture; #1 is "Do the right thing - honesty/integrity" # 10 is "Respect the environment and our community" #7 is "I make and keep commitment"1.
2. Joined the EPA's Energy Star program in 2003. Has done work in manufacturing facilities to improve energy efficiency2.
3. Considered to be "cleantech" by EVO, an online green shopping information site and given the EVO Certified Company designation, which signifies that the company has demonstrated a commitment to environmental sustainability and produces products that are at least 50% sustainably produced3.
4. Cited in 2005 by greenbiz.com for setting an example in transforming old-line industries by setting an example in motors4. Also was noted as a top 20 Sustainable company in 2005 by Progressive Investor5.

  1. 1. http://www.baldor.com/about/message.asp
  2. 2. http://www.sustainablebusiness.com/index.cfm/go/progressiveinvestor.sample/id/32/sectionid/142
  3. 3. http://www.evo.com/content/baldor_electric_company/2025/industrial_electrical_equipment
  4. 4. http://www.greenbiz.com/news/2005/07/21/chiquita-herman-miller-swiss-re-head-top-sustainable-business-stocks
  5. 5. http://www.sustainablebusiness.com/index.cfm/go/progressiveinvestor.sample/id/67/sectionid/288
Controversy: 

1. 2005/2006 The interfaith Center on Corporate Responsibility noted a sexual orientation discrimination issue at Baldor which was resolved during 2005/20061.

  1. 1. http://www.iccr.org/shareholder/proxy_book06/06statuschart.php
Notes: 

HQ in Fort Smith, AK

Additional Research: 

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