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The Drucker Institute 2018 Management Top 250 Rankings includes CSRHub Metrics

[fa icon="calendar'] Dec 19, 2018 10:20:51 AM / by CSRHub Blogging

Drucker Institute 2018 Management Top 250

CSRHub is honored to once again have our metrics included in the Drucker Institute Management Top 250 Rankings this year.

The Drucker Institute has brought together five dimensions of corporate performance—Customer Satisfaction, Employee Engagement and Development, Innovation, Social Responsibility and Financial Strength—to create a holistic perspective based on Peter Drucker’s core principles.

"As the Drucker Institute's corporate rankings and the related list featured in The Wall Street Journal, the 'Management Top 250,' hit their second year, we've started fielding a lot of calls from major companies wanting to know more about their scores and how they can improve on them," said Rick Wartzman, director of the Drucker Institute's KH Moon Center for a Functioning Society. "This makes it all the more essential that our data providers are rock solid and that the metrics we receive from them are unimpeachable. CSRHub is a hugely important resource for us in this way, as we feature its data in two of our categories—Customer Satisfaction and Social Responsibility. We're really thrilled to be partnering with CSRHub."

You can learn more about the 2018 measure on The Drucker Institute’s website at https://www.drucker.institute/programs/company-rankings/, with the full ranking of all 752 companies available at https://www.drucker.institute/2018-drucker-institute-company-ranking/.

To learn more about CSRHub, our ESG/CSR metrics or how you can improve your ESG scores, contact us here.


CSRHub is the largest ESG and sustainability rating and information platform globally. We aggregate 180M data points from 550+ data sources including 12 leading ESG analyst databases. Our patented algorithm aggregates, normalizes, and weights data to rate 18,000 companies in 132 countries across 136 industries. We track 97% of world market capitalization. We cover 12 subcategories of ratings and rankings across the categories of environment, employees, community and governance. We show underlying data sources that contribute to each subcategory’s ratings. CSRHub metrics are a consensus view (any 2 sources may have about a 30% correlation so we make sense of the disparate data). We tag companies for their involvement in 17 Special Issues. We provide Macro-enabled Excel dashboard templates, customizable dashboards, and an API. Our big data technology enables 85% full coverage of data across our rated companies and robust analyses. We provide historical ratings back to 2008.

 

 

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Bloomberg - Uncovering value in the evolving sustainability space: in conversation with CSRHub

[fa icon="calendar'] Nov 27, 2018 9:49:23 AM / by CSRHub Blogging

Bloomberg interview

This blog post was first published on Bloomberg’s website at https://www.bloomberg.com/professional/blog/uncovering-value-evolving-sustainability-space-conversation-csrhub/.

When CSRHub was founded ten years ago, sustainability wasn’t considered a key part of corporate or investment strategy. However, the company’s core team believed that corporate social responsibility (CSR) was a strong indicator of value and a tool for stakeholders to reliably measure it would soon become a necessity.

To meet this growing need, CSRHub created a comprehensive ESG (environmental, social, and governance) rating system to evaluate companies’ performance, based on an innovative Big Data aggregation and normalization model. These rankings are now available on Bloomberg via the APP Portal (APPS ESGH <GO>).

Bloomberg recently spoke with Cynthia Figge and Bahar Gidwani, CSRHub’s CEO and CTO, to discuss the company’s origins, the wide-ranging value of their ESG rankings, and the future of corporate sustainability.

How did CSRHub find its niche in the market and work to expand its reach?

In 1996, Cynthia Figge cofounded EKOS International, one of the first sustainability-related consulting firms in the US. After ten years spent working with a number of major companies, she recognized a need for a broad, consistent measure of corporate sustainability performance. With this in mind, she recruited Bahar Gidwani, and the two started CSRHub, bringing her vision to life. Bahar had previously founded Index Stock Imagery, the world’s first electronic photo repository, pioneering several of the technologies required to categorize and distribute large, disparate data sets, so he was comfortable dealing with the complexities of ESG data. Cynthia and Bahar believed that CSRHub could be both an attractive commercial opportunity and a means for improving corporate sustainability, so they committed to making the company a B Corp—a “benefits” corporation that has both a profit-driven and a public service mission.

What sets your ratings system apart in what is becoming a more crowded sustainability market?

Hundreds of groups attempt to rate various aspects of corporate sustainability performance. CSRHub has aggregated more than 550 sources and more than 5,500 different types of sustainability measurement into a simple, broadly comparable set of ratings. While other ratings systems assess only a few hundred to a few thousand companies, CSRHub covers more than 18,000 entities. Other rating systems tend to have huge amounts of “not known” or estimated data elements, while CSRHub has complete ratings on more than 8,500 companies—97% of world market capitalization.

What is the benefit of operating as a neutral provider?

Rather than pushing a particular view of what is “good” or “bad” about a company’s sustainability performance, CSRHub provides a consensus opinion. It normalizes its ratings so they can be compared across industries and geographies. Users of CSRHub’s system can then compare their own views or those of other data providers against a strongly supported consensus view and look for systematic misperceptions and biases.

How have you tailored your systems to appeal to the greatest variety of clients?

We allow each user to create a profile that expresses his or her own “weight” for each area of ESG. With this in mind, we also provide the ability to adjust ratings for special issues such as the use of animal testing or GMOs in an entity’s products; involvement with regimes such as Iran or Burma; and participation in coal or nuclear power. Each user’s ratings can be uniquely tailored—a reflection of the world as he or she believes it should be seen.

With Fintech continually evolving, how does CSRHub stay ahead of trends and deliver new solutions?

We must constantly incorporate new ways of measuring corporate sustainability. We have consistently updated our back end data management technology to keep pace with the growth in our coverage, data feed, and customer base. Fortunately, there are strong tools available now for supporting a business such as ours, including MongoDB, AWS (Amazon Web Services), Ruby (for our web servers), and JSON (for our Application Program Interface or API).

Where do you see opportunities in the ESG space?

We look for areas that are poorly organized and understood, but that may be tied to longer-term corporate value. We have connected our data to brand strength, risk, the cost of debt, the value of corporate reputation, and the quality of a company’s communications. For data to be valuable, it must be relevant to both human behavior and corporate strategy.

What were some challenges faced in the company’s early days?

We needed to have multiple sources (more than 50) for many companies (at least 5,000) before we could test, tweak, and validate our algorithms. It was initially hard to explain that our system didn’t rely on companies’ self-reported data or on the work of human analysts. Other ESG rating systems started with either publicly reported data or questionnaires sent to a company’s management. Some systems simply tracked and stored each data item they received. Others used analysts to evaluate each data item and turn it into a score. Each source had its own methodology and each assigned its own weights to the factors it considered. By focusing on aggregating opinions, we were able to generate a broader, deeper set of ratings. We also isolated ourselves from being directly influenced by companies’ self-reporting patterns. This has prevented our scores from being “greenwashed” by companies who seek to make themselves look good by reporting a lot of unsupported facts.

How has CSRHub’s position as the broadest and deepest global ESG and sustainability rating and information platform been beneficial?

Our platform increases visibility and awareness of both the ESG ratings of companies and the availability and utility of a wide range of ESG data sources. We believe we are contributing to the development and growth of sustainability measurement in general.

What are some questions you frequently receive from clients?

Our financial clients need help aggregating, interpreting, and using ESG ratings to uncover value and improve their decision making. Our corporate clients are interested in improving their own ESG ratings to better manage multiple stakeholder perceptions of their sustainability. We help both investors and companies find the “signal” in disparate data sets and guide them to generate value from ESG strategies and implementation.

How did you build a partnership with the Bloomberg App Portal?

We have been interested for years in Bloomberg’s effort to collect and organize sustainability data. The Bloomberg ESG Metrics team has built the industry’s broadest (9,000+ companies) and deepest (~900 indicators) set of company-reported data. We wanted to combine our aggregated opinion information with a strong source of company-based facts. Bloomberg users had access to selected data from several major ESG data sources, but they couldn’t easily extract and combine this information with Bloomberg’s ESG Metrics. We believe Bloomberg’s users will enjoy the combination of the ESGHub app’s simple visual map and CSRHub’s coverage of almost all the companies in Bloomberg ESG Metrics. It has been a pleasure to finally bring together these two data sets and two lines of work.

ESGHub Guide 1

Learn more about ESGHub.

How have your customer needs changed in recent years?

Corporations have developed many programs for improving their ESG performance, in part responding to investor and other stakeholders’ demand. ESG staffs are growing in both size and sophistication. In our capacity as entrepreneurs, we have listened closely to our customers and worked to anticipate trends. We have had to steadily improve our products and tools to maintain the company’s primacy and continue to meet customers’ needs.

 


About CSRHub

CSRHub is the largest ESG and sustainability rating and information platform globally. We aggregate 180M data points from 550+ data sources including 12 leading ESG analyst databases. Our patented algorithm aggregates, normalizes, and weights data to rate 18,000 companies in 132 countries across 136 industries. We track 97% of world market capitalization. We cover 12 subcategories of ratings and rankings across the categories of environment, employees, community and governance. We show underlying data sources that contribute to each subcategory’s ratings. CSRHub metrics are a consensus view (any 2 sources may have about a 30% correlation so we make sense of the disparate data). We tag companies for their involvement in 17 Special Issues. We provide Macro-enabled Excel dashboard templates, customizable dashboards, and an API. Our big data technology enables 85% full coverage of data across our rated companies and robust analyses. We provide historical ratings back to 2008. 

About Bloomberg

The Bloomberg App Portal enables developers to build and distribute applications to increase client engagement and efficiency. Learn more

 

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Harvard Business Review Best-Performing CEOs Ranking with CSRHub ESG Metrics

[fa icon="calendar'] Oct 23, 2018 8:54:39 AM / by CSRHub Blogging

Harvard Business Review (HBR) has published its annual global Harvard Business Review_CSRHubranking of the 100 best-performing CEOs, with Pablo Isla of the Spanish fashion retail giant Inditex topping the list for the second year in a row. Following behind Isla in the #2 and #3 spots are Jensen Huang of NVIDIA and Bernard Arnault of LVMH. They’re joined by newcomers to the top 5 this year, François-Henri Pinault of Kering (#4) and Elmar Degenhart of the German automaker Continental (#5). Salesforce CEO Marc Benioff has climbed to the #6 spot, up from #12 in 2017.

The list, which appears in HBR’s November-December issue, is different from other leader rankings in that it measures performance for the entire length of a chief executive’s tenure. “In a business environment that often seems obsessed with today’s stock price and this quarter’s numbers, our ranking takes the long view,” said HBR Editor in Chief Adi Ignatius.

Harvard Business Review’s article stated, “To compile the list, HBR looked at CEOs of the S&P Global 1200 as of April 30, 2018, and calculated overall shareholder return and increase in market capitalization over their entire tenure. It also factored in ratings of corporate environmental, social, and governance (ESG) performance provided by two firms, CSRHub and Sustainalytics. (Read more about the methodology.)” 

The HBR article stated “Among the biggest shifts companies face right now is in the global political environment….Whether and when CEOs speak out doesn’t factor directly into our rankings—but such activism may be captured indirectly in ESG scores, according to the experts at CSRHub and Sustainalytics, the firms that help us crunch the data. For instance, ESG ratings do account for company lobbying expenditures, the degree of disclosure on issues such as carbon use, and the presence of a sustainability officer at the company’s top level, among other measures. A CEO’s political statements (or lack thereof) may also show up in data gleaned from employee review sites such as Glassdoor. The phrase “CEO activism” connotes proactive behavior by leaders—but more and more often, dealing with political realities is just another facet of a multifaceted job.”

“We are honored to have CSRHub ESG (environment, social, governance) metrics included in the methodology to determine the HBR Ranking of the World’s Best-Performing CEOs for the third year in a row” said Cynthia Figge, CSRHub CEO and Co-founder.

See the full report available in Harvard Business Review Magazine, found here.  

To learn more about CSRHub, our ESG/CSR metrics or how you can improve your ESG scores, contact us here.

 


CSRHub is the largest ESG and sustainability rating and information platform globally. We aggregate 180M data points from 550 data sources including 12 leading ESG analyst databases. Our big data patented algorithm aggregates, normalizes, and weights data to rate 18,000 companies in 132 countries across 136 industries. We track 97% of world market capitalization. We cover 12 subcategories of ratings and rankings across the categories of environment, employees, community and governance. We show underlying data sources that contribute to each subcategory’s ratings. CSRHub metrics are a consensus view (any 2 sources may have about a 30% correlation so we make sense of the disparate data). We tag companies for their involvement in 17 Special Issues. We provide Macro-enabled Excel dashboard templates, customizable dashboards, and an API. Our big data technology enables 85% full coverage of data across our rated companies and robust analyses. We provide historical ratings back to 2008.

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Bloomberg and CSRHub Webinar – Solving the ESG Data Challenge

[fa icon="calendar'] Oct 16, 2018 9:30:39 AM / by CSRHub Blogging

Bloomberg ESGHub webinar

With the increased demand for ESG (environment, social, governance) data and conflicting opinions on company performance by different data providers, investors are searching for ways to measure ESG, variance among different ESG ratings and correlations between leading datasets. 

Join us Wednesday, October 24th at 11:00 am EDT to help solve your ESG data challenges. Patrick Drum, Senior Investment Analyst for Saturna Capital will share his investment strategy tips. 

The strategy session will be followed up by a panel of ESG experts who will discuss how to successfully navigate the evolving landscape of ESG data using the new ESGHub app at APPS ESGH <GO>.

 

Register here. 

 

Featured speakers

Patrick Drum Patrick Drum
Senior Investment Analyst
Saturna Capital
Cynthia Figge Cynthia Figge
CEO and Cofounder
CSRHub
Bahar Gidwani Bahar Gidwani
Cofounder and CTO
CSRHub

 

Discussion Topics

  • Make sense of the broad array of information with a big data approach
  • Discuss a new class of portfolio analysis tools to increase value and reduce risk
  • Explore new strategies for using ESG information

 

Date & Time

Wednesday, October 24, 2018
11:00am – 11:30pm EDT

 

About the app

The ESGHubTM app allows you to quickly review any portfolio of stocks or bonds and see how much ESG information each originating entity has disclosed. 

Test drive the ESGHub app for free before the webinar by running APPS ESGH <GO> on your Bloomberg Terminal.

 

About the business

The Bloomberg App Portal is your destination for the applications you need to optimize your workflow, better analyze the markets, and stay ahead of the curve. The apps on the App portal have been created by world class analytics companies and global investment banks, all integrated with the powerful data and analytics of the Bloomberg Terminal. Visit APPS <GO> today to search, trial and run apps that can help you stay on top.

 

 

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CSRHub’s Bahar Gidwani Talks About ESGHub Bloomberg App with Proactive Investors

[fa icon="calendar'] Oct 9, 2018 7:35:00 AM / by CSRHub Blogging

CSRHub co-founder and CTO, Bahar Gidwani was recently interviewed by Christine Corrado of Proactive Investors about CSRHub and the new ESGHubTM app on the Bloomberg App Portal.

ESGHub provides subscribers with the ability to compare metrics from Bloomberg and CSRHub at the portfolio level and drill down on the details associated with more than 9,000 companies.

CSRHub's ESGHub app is listed as ESGHub on the Bloomberg App Portal or can be accessed directly at {APPS ESGH <GO>}.

Learn More About ESGHub

 

ESGHub Guide 1

 

Bahar Gidwani has built and run large technology-based businesses for many years. Bahar holds a CFA (Chartered Financial Analyst) and was one of the first people to receive the FSA (Fundamentals of Sustainability Accounting) designation from SASB. Bahar worked on Wall Street with Kidder, Peabody, and with McKinsey & Co. He has founded several technology-based companies and is a co-founder of CSRHub, the world’s broadest source of corporate social responsibility information. He has an MBA from Harvard Business School and an undergraduate degree in physics and astronomy. He plays bridge, races sailboats, and is based in New York City.

CSRHub is the largest ESG and sustainability rating and information platform globally. We aggregate 180M data points from 550+ data sources including 12 leading ESG analyst databases. Our patented algorithm aggregates, normalizes, and weights data to rate 18,000 companies in 132 countries across 136 industries. We track 97% of world market capitalization. We cover 12 subcategories of ratings and rankings across the categories of environment, employees, community and governance. We show underlying data sources that contribute to each subcategory’s ratings. CSRHub metrics are a consensus view (any 2 sources may have about a 30% correlation so we make sense of the disparate data). We tag companies for their involvement in 17 Special Issues. We provide Macro-enabled Excel dashboard templates, customizable dashboards, and an API. Our big data technology enables 85% full coverage of data across our rated companies and robust analyses. We provide historical ratings back to 2008.

 

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