Connecticut Companies Featured on CNBC JUST List

01.20.2023
Member News

Companies with a Connecticut presence are featured in a new CNBC ranking of companies that focus on workers, wages, and social issues. 

CNBC released its 2023 Just 100 list Jan. 10. 

Bank of America Corporation took the number one spot, with Verizon Communications, and JPMorgan Chase also in the top 10. 

Nonprofit Just Capital compiles the list of large companies doing “right” as part of an annual analysis of issues Americans say matter the most when it comes to corporate leadership. 

“By delivering responsible growth we help create jobs, develop communities, foster economic mobility, and address some of society’s biggest challenges.”

Bank of America’s Brian Moynihan

This was the first time in the list’s seven-year history that a bank took the top spot. Last year, tech companies clinched the top four spots. 

“This recognition reflects our commitment to responsible growth,” Bank of America chairman and CEO Brian Moynihan said.

“By delivering responsible growth we help create jobs, develop communities, foster economic mobility, and address some of society’s biggest challenges.”

Other companies with a Connecticut presence that made the list include Cigna, Merck & Company, The Hartford Financial Services Group, Wells Fargo, AVANGRID, Amazon, Raytheon Technologies, Lockheed Martin, AT&T, and Synchrony Financial.

Methodology and Analysis  

The methodology evaluates Russell 1000 companies across 20 core issues, five stakeholder groups, and 245 underlying data points. 

The top issues for the analysis come from what Americans have polled as most important. 

Paying a fair, living wage was the number one issue, and weighted the most in the analysis this year. 

Other issues included job creation in the U.S., workforce retention and training, ethical leadership, carbon reduction and pollution control.

The national minimum wage for all employees was a new data point this year where banks did well. Analysts said the data point accounted for almost half of the average rank gains for banks in 2023. 

Bank of America had the second-highest minimum wage of all the companies analyzed. 

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