Steelcase Inc. Named One of "World's Most Admired Companies" by Fortune

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GRAND RAPIDS, Mich., March 3, 2014 (GLOBE NEWSWIRE) -- Fortune magazine has recognized Steelcase Inc. (NYSE:SCS) as one of its 2014 "World's Most Admired Companies" in the Home Equipment and Furnishings industry sector. This year, Steelcase is joined by notable companies including Whirlpool, Tupperware Brands and Stanley Black & Decker, among others.

In the Fortune survey of executives that ultimately determine the "Most Admired Companies" rankings, Steelcase's highest scores came in the Innovation, Social Responsibility, Quality of Management and Quality of Products/Services categories.

For more than 100 years, Steelcase has provided innovative solutions to leading organizations from around the world. In the past year, Steelcase received additional accolades, including a recognition from the Cradle to Cradle Products Innovation Institute, as well as five 2013 "Best of NeoCon" Awards, including Gold awards for V.I.A.™, vertical intelligent architecture, the Gesture® chair and Regard™ seating, and one Innovation award.

Steelcase also remains focused on corporate social responsibility and its impact on the environment and the communities in which it operates. The company recently released its 2013 Corporate Sustainability Report, titled "+Promise," which highlights the company's sustainability achievements, including saving more than 2,125 tons of greenhouse gas emissions, collecting more than 4,178 pounds of electronic waste and donating nearly $5 million and over 6,500 volunteer hours.

"We are honored to be recognized alongside such innovative and respected global organizations. To be considered among them as one of the "Most Admired" really reflects on the creativity and dedication of our employees around the world," said Jim Keane, President and CEO of Steelcase Inc.

Fortune's rankings are published each year and reflect the observations and opinions of executives, directors and analysts from a total of 692 companies in 30 countries. Respondents rate their industry peers and competitors on nine criteria: innovation, people management, use of corporate assets, social responsibility, quality of management, long-term investment, financial soundness, quality of products and services and global competitiveness.

More information on the World's Most Admired Companies can be found at Fortune.com.

About Steelcase Inc.

For more than 100 years, Steelcase Inc. has helped create great experiences for the world's leading organizations - wherever work happens. Steelcase and our family of brands - including Steelcase®, Coalesse®, Designtex®, Details®, Nurture®, PolyVision® and Turnstone® - offer a comprehensive portfolio of furnishings, products and services designed to unlock human promise and support social, economic and environmental sustainability. We are globally accessible through a network of channels, including approximately 670 dealers. Steelcase is a global, industry-leading and publicly traded company with fiscal 2013 revenue of $2.9 billion.

CONTACT: Laura Van Slyke Steelcase Inc. lvanslyk@steelcase.com

Source:Steelcase Inc.