CSRHub Blog

Brand Intelligence Solutions Enters Into Alliance With CSRHub

[fa icon="calendar'] Aug 5, 2016 10:13:51 AM / by CSRHub Blogging

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Brand Intelligence Solutions has entered into an Alliance with CSRHub, the world’s most comprehensive non-financial (Brand/CSR/ESG) rating database, to launch the “360° Brand Intelligence Solutions Benchmark Tool.” Using real time data, you can now benchmark your sustainability and brand story against your competitors and industry leaders.

Elisa Turner, founder and CEO of Brand Intelligence Solutions says, “The fabric of business models has changed. In 1935 corporations and brands were valued based solely on their financial assets and performance – today up to 80% of corporate and brand value is based on non-financial asset performance. It is a fact today that companies who manage their non-financial assets as diligently as their financial ones consistently outperform their counterparts. The challenge corporation’s face today is: how to evolve from the 1935 myopic culture to one that is informed and consistently evolving to meet the required attributes for success today.”

The first step in addressing this challenge is awareness and knowledge of: what is material, industry leader benchmarks, where you rate against the leaders, what are your risks, brand reputation amongst stakeholders and evolving regulations and stakeholder expectations.

Brand intelligence is the aligned management of non-financial assets.

brand intelligence defined

Brand Intelligence is the quality of a company’s non-financial asset awareness engagement, performance, and communication. These assets include; brand reputation, environmental, social, human, product, supply-chain and governance.

Brand Intelligence touches every aspect of your business and brand today. A 360° holistic view of your non-financial asset performance in critical to managing in today’s economy.

For the first time – it is available!

brand intelligence benchmarking tool

With this tool for the first time, you have a real-time data based 360° holistic view of your non-financial performance from external stakeholders and the ability to benchmark that against industry leaders and competitors. Brand Intelligence Solutions and CSRHub will provide corporations with their external "Brand Intelligence Scores."

The 360° Brand Intelligence Solutions Benchmark Tool is a game changer – for the first time the links between sustainability, brand, communications, and profit are visible and can be measured. This means they can now be managed and in quantifiable terms, just like you do financial ones.

Brand Intelligence Solutions has also entered into an Alliance with FigBytes, a global leader, next generation non-financial management system to launch the “360° Brand Intelligence Solutions Benchmark Tool.”

About Brand Intelligence Solutions

Brand Intelligence is an independent consulting firm, globally recognized as a leader in the area of sustainable business systems and sustainable brands. Founded by Elisa Turner, a trailblazer in sustainable business for 15 years – prior to this she spent 10 years working in the C-Suite of some of the world's most recognized retail brands.

The Brand Intelligence© framework - is a systemized approach developed over 15 years for companies to build, operationalize and manage Brand Intelligence©. For more information about Brand Intelligence Solutions, go to http://www.brandintelligence.solutions/. Please contact Brand Intelligence anytime for more information at elisa@brandintelligence.solutions.

About CSRHub 

CSRHub provides access to the world’s largest corporate social responsibility and sustainability ratings and information, covering on 16,500 companies from 135 industries in 133 countries. By aggregating and normalizing the information from 469 data sources, CSRHub has created a broad, consistent rating system and a searchable database that links millions of rating elements back to their source. Managers, researchers and academics use CSRHub for sustainability intelligence to benchmark company performance, learn how stakeholders evaluate company CSR practices, and seek ways to improve corporate sustainability performance.

CSRHub is a B Corporation, an Organizational Stakeholder (OS) with the Global Reporting Initiative (GRI), a silver partner with CDP (Carbon Disclosure Project), and a Research and Insight Partner of Sustainability Accounting Standards Board (SASB).

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CSRHub's Bahar Gidwani to Speak at NAEM's 2016 Sustainability Management Conference

[fa icon="calendar'] Aug 1, 2016 9:00:04 AM / by Bahar Gidwani

CSRHub Co-Founder and CEO, Bahar Gidwani, will be speaking at NAEM’s 2016 Sustainability Management Conference, in Milwaukee WI, on August 2-3. Bahar will NAEM's Sustainability Management Conference 2016discuss The Next Generation of Sustainability Tools and Data Analysis. At NAEM’s annual conference, attendees will learn how to further integrate sustainability into their business operations from fellow corporate EHS and sustainability leaders. Through a mix of peer-led case studies and benchmark dialogues, NAEM’s annual sustainability conferences allow for participants to gain insights in order to  immediately improve performance, identify opportunities for their businesses and set better sustainability goals.

Wednesday, August 3rd 1:00pm-2:00pm CDT

The Next Generation of Sustainability Tools and Data Analysis

  • Bahar Gidwani, Co-Founder & CEO; CSRHub
  • Jeff Hintzke, Vice President, Deployment Services; Alta Energy Inc.

More powerful technology and ever-improving software are making it easier than ever to collect and report large amounts of data. So, what’s possible now, and what can we expect in the future? Hear from two experts about the new generation of tools at your disposal to sort and dissect data in ways that reveal valuable insights about your sustainability program and company as a whole.

NAEM

The National Association for Environmental Management (NAEM) empowers corporate leaders to advance environmental stewardship, create safe and healthy workplaces, and promote global sustainability. As the largest professional community for EHS and sustainability decision-makers, they provide peer-led educational conferences and an active network for sharing solutions to today’s corporate EHS and sustainability management challenges.

 

To register for this conference please click here.


Bahar GidwaniBahar Gidwani is CEO and Co-founder of CSRHub.  He has built and run large technology-based businesses for many years. Bahar holds a CFA, worked on Wall Street with Kidder, Peabody, and with McKinsey & Co. Bahar has consulted to a number of major companies and currently serves on the board of several software and Web companies. 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 provides access to the world’s largest corporate social responsibility and sustainability ratings and information.  It covers over 16,000 companies from 135 industries in 132 countries. By aggregating and normalizing the information from 461 data sources, CSRHub has created a broad, consistent rating system and a searchable database that links millions of rating elements back to their source. Managers, researchers and activists use CSRHub to benchmark company performance, learn how stakeholders evaluate company CSR practices, and seek ways to improve corporate sustainability performance.

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Site Selection Magazine Corporate Social Responsibility (CSR) Analysis

[fa icon="calendar'] Jul 26, 2016 12:28:02 PM / by Bahar Gidwani

By: Bahar Gidwani

Do some states attract more progressive companies while others receive investment from companies who are thought to be less socially progressive?  If so, why might this occur?

A recent article in Site Selection Magazine used the CSRHub database as part of determining which of 50 US states and 132 non-US countries were most attractive for a new site from a sustainability perspective.  This article presents analysis which provides deeper understanding of the corporate social responsibility aspect. Our goal is to make it easier for companies to use sustainability as a site selection criteria and localities to screen siting companies for sustainability, thereby improving their desirability.

CSRHub’s Contribution to the Study

The CSRHub data set contains estimates of the perceived corporate social responsibility (CSR) performance of more than 16,000 entities.  It includes data on both public and private companies and on government entities and not for profits.  CSRHub collects information for its big data engine from more than 469 sources and its data set includes companies from 133 countries.  For more information on how CSRHub ratings are generated, please see the CSRHub site.

Because many Site Magazine entries were from subsidiaries, a total of 3,073 CSRHub companies connected to at least one site decision entry on the Site Selection list, and 2,217 of these matched companies had full CSRHub scores.  These companies were responsible for 5,549 of the site entries—About 55% of these site entries (3,052) were for U.S. sites and the other 45% were for sites in 106 other countries.

Using only scores from fully rated companies, CSRHub calculated two numbers for each US state and for each foreign country:

  • The average perceived CSR performance for the entities headquartered in that location. For example, CSRHub found that the 63 fully rated companies in Minnesota had an average percentile rank of 54.8%. Similarly, the 34 companies in Finland have 88% average ranks.  (CSRHub tracks a total of 137 companies in Minnesota and 72 companies in Finland.
  • The average perceived CSR performance of the entities who placed sites in a location. For example, entities with an average 58.5% rank placed 93 sites in Georgia.  (Another 23 sites were placed by entities who were headquartered in Georgia.)  Entities with an average 70.7% rank placed 75 sites in Brazil  (Another 5 sites were placed in Brazil by Brazilian companies.)

The difference between these numbers shows whether companies selecting sites in a given location are perceived to be more or less sustainable than that location’s current rating.  The following table shows the relevant data on both scores for the 39 US states that had at least 5 sites selected by companies outside of the state and at least five companies tracked by CSRHub.  The table is sorted in order by the difference between the two scores.

Comparison US State-part 1 Comparison US State-part 2

The preponderance of positive scores is probably due to several factors:

  • Many of the new entrants into these US states came from European companies. European companies have consistently higher sustainability ratings than US companies.
  • Idaho and South Dakota companies already have relatively high scores. They may be seeing lower scores for those siting in their state because they are attracting companies primarily interested in extracting their resources.
  • Connecticut has positioned itself as a business-friendly state and this may have encouraged some lower-ranked companies to enter.
  • Arkansas, Delaware, and Mississippi all have lower starting scores and are likely to see benefits from encouraging positive companies join their communities.

The table below shows the same information for non-US countries.  Note that we have narrowed the list to those countries with at least five sites from companies with headquarters outside the country and that have at least five entities that are fully rated by CSRHub.

Comparison Non-US state- part 1 Comparison Non-US state Part 2

The foreign table shows much bigger differences in the baseline performance of the companies in each country.  The three countries with the biggest negative differential are those who also have the highest average scores for their existing companies.  It is probably difficult for these countries to find many companies outside of their jurisdictions who can match this level of performance.

The three countries with the biggest positive score difference with new site contributors are:

  • Greece—which has very low scores from its current companies and who is getting huge support and attention from other higher-scoring parts of the EU.
  • Saudi Arabia—which is trying to build a base of sustainable, non-energy-reliant industries.
  • Egypt—which has such weak performance within its existing base of companies that outside companies must generally seem quite attractive.

We hope that studies such as the one done by Site Selection Magazine will encourage companies to include sustainability factors in their site research strategies.  Our data suggests that the localities who are accepting new sites will generally see candidate companies who are at least as socially positive as the companies who are already in their communities.  However, it may make sense for localities to screen each candidate carefully and seek to improve their reputation for being a socially positive and sustainable place to put a new site.

Appendix 1:  How CSRHub Generates a Score

How CSRHub generates a score

Appendix 2:

Appendix 2- part1 Appendix 2- part2

Appendix 3:

Appendix 3-part1 Appendix 3-part2 Appendix 3-part3



Bahar Gidwani Bahar Gidwani
 is CEO and Co-founder of CSRHub.  He has built and run large technology-based businesses for many years. Bahar holds a CFA, worked on Wall Street with Kidder, Peabody, and with McKinsey & Co. Bahar has consulted to a number of major companies and currently serves on the board of several software and Web companies. 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 provides access to the world’s largest corporate social responsibility and sustainability ratings and information.  It covers over 16,000 companies from 135 industries in 132 countries. By aggregating and normalizing the information from 461 data sources, CSRHub has created a broad, consistent rating system and a searchable database that links millions of rating elements back to their source. Managers, researchers and activists use CSRHub to benchmark company performance, learn how stakeholders evaluate company CSR practices, and seek ways to improve corporate sustainability performance.

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Fossil Fuel Divestiture Campaign Focuses on Big Pensions

[fa icon="calendar'] Jul 13, 2016 10:19:45 AM / by Carol Pierson Holding

By Carol Pierson Holding

The fossil fuel divestiture campaign GoFossilFree equates the end of oil, gas and coal toDivest Scottish Parliament the great moral crusades of our time — Apartheid and tobacco — while hoping to reduce demand for fossil fuel stocks and thereby threaten their stock prices.

It’s a tall order. As long as GoFossilFree was focused on divesting university endowments, the campaign was a gnat on the haunch of the elephant. After all, why should an industry worth $5 trillion be afraid of endowments worth $467 billion, whose investments in oil and gas are probably 10%, or $50 billion, at best? Chump change to this industry’s behemoths.

But more recently, the FossilFree campaign began targeting pensions as well, and that’s a problem. Consider the numbers: as of 2013, US pension assets totaled $21 trillion. Using that same 10%, you’re talking $2.1 trillion in fossil fuel stocks. That’s a number big enough to scare even Big Oil.

The first real threat came in 2015 from California’s state pensions. In April of that year, the California legislature voted to divest its coal stocks from the pensions’ $657 billion investment fund. A scary precedent and one that got Big Oil’s attention.

Evidence of Big Oil’s alarm is clear on the anti-divestment site divestmentfacts.com. Funded by the Independent Petroleum Association of America (IPAA), the site used to publish letters from University Presidents justifying their decisions not to divest and a few reports on how much individual college endowments would lose through divestment.

In June, the DivestmentFacts site underwent a radical change. Focused now on pension funds, the site promotes the idea that under divestment, pension funds will lose $7 billion over twenty years. Three studies from three separate universities support the claim.

A closer look at the study authors reveals how much more the IPAA is investing to stop pensions from divesting. The lead study is authored by none other than the notorious economist and lawyer Daniel Fischel, the short-lived dean of Chicago Law School who resigned over a sex scandal and one-time expert witness in criminal trials of Mike Milken and Charles Keating as well as officers of Enron and Philip Morris. Fischel is Chairman and President of Compass Lexecon, one of the largest consultancies that specialize in what Charles Ferguson described in the Huffington Post as “The sale of academic ‘expertise’ for the purpose of influencing government policy, the courts, and public opinion… now a multi-billion dollar business.” The other two studies are by academics who are also Senior Consultants at, yes, Compass Lexecon. That’s some pricey research.

Shortly after releasing the three studies, the IPAA published a survey of pensioners conducted by FTI Consulting, which owns — wait for it — Compass Lexecon. FTI’s report warns, “Even the largest college endowment funds in existence today hold only a fraction of the assets managed by public pension funds,” then goes on to present “statistics” that prove pensioners don’t want divestment. A spokesman from the American Petroleum Institute (API) draws on heart strings when he concludes, "Millions of retirees and pension holders depend on income from oil and natural gas investments to live.”

Both oil lobbying organizations, API and IPAA, are funded mostly by the fossil fuel majors, with the bulk coming from Shell, BP and Chevron, companies that have the most to lose from divestiture. And they’re right to spend whatever they have to, because the truth is, the smart money in pensions should flee oil and gas for economic reasons. Looking ahead, HSBC Global Research found that global carbon regulations could result in fossil fuel companies losing 40-­60% of their value, which will translate into reductions in share price. Similar warnings have come from CitiBank, Standard and Poor’s, and the Bank of England.

Big Oil is right to be afraid. Pension fund divestment has moved to Europe. Just two weeks ago, the EU issued a directive that, on ratification, will require all pensions to “consider climate and risks related to…‘stranded assets,’”, referring to oil and gas reserves that may never be used. EU pensions total £3.2 trillion, $4.4 trillion at today’s depressed exchange rates.

Spending on anti-divestment is just a finger in the dike. Big oil and gas will lose to carbon-free energy. Will they follow buggy-manufacturers who never embraced the automobile and were pushed out of business? Or will they imitate American carmakers that entered the electric car market? Perhaps divestment will exact the same financial pressure on oil and gas that forced dramatic innovation in the American auto industry.

Keep your fingers crossed.

Photo courtesy of Friends of the Earth Scotland via Flickr CC.


Carol2Carol Pierson Holding is President and Founder, Holding Associates. Carol serves as Guest Blogger for CSRHub. Her firm has focused on the intersection of brand and social responsibility, working with Cisco Systems, Wilmington Trust, Bankrate.com, the US EPA, Yale University’s School of Environmental Sciences, and various non-profits. Before founding Holding Associates, Carol worked in executive management positions at Siegel & Gale, McCann Erickson, and Citibank. She is a Board Member of AMREF (African Medical and Research Foundation). Carol received her AB from Smith College and her MBA from Harvard University.

CSRHub provides access to corporate social responsibility and sustainability ratings and rankings information on 16,495+ companies from 135 industries in 133 countries. Managers, researchers and activists use CSRHub to benchmark company performance, learn how stakeholders evaluate company CSR practices and seek ways to change the world.

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Our Annual Look at Newsweek’s Green Rankings

[fa icon="calendar'] Jun 28, 2016 11:04:11 AM / by Bahar Gidwani

By Bahar Gidwani

The 2016 Newsweek Green Rankings were released last week.  Our friends at Corporate Knights Capital and HIP Investor again provided the underlying data behind the list.

We probably get more questions about Green Rankings and the radical changes in position that seem to occur each year, than for any of the 461 different rating systems we track.  The table below shows the changes in position on the list that five companies experienced over the past three years.  Some of this variation may be due to changes that Newsweek has made in the way its scores are calculated and for 2013 to 2014, changes in its data providers.  (Last year’s list was driven by the same providers but there were several changes made prior to this.)  Some variation may be due to actual changes in the performance of the companies on the list and the relatively narrow scope of the study.  (CSRHub currently tracks the sustainability performance of more than 16,000 companies.)  Finally, the Newsweek Green Rankings are meant to assess and measure environmental performance.  Most other ranking systems cover a broader set of sustainability metrics.

Newsweek Green Rankings

Newsweek’s scores correlate reasonably well with the aggregate score we generate from the views of the rest of the ESG ratings space.  (We use a small amount of Corporate Knights information and share a data provider with HIP.  But, we probably less than 3% of our data set with them.)  As you can see below, the Newsweek ratings have about a 50% correlation with CSRHub’s ratings for each set of companies.

Newsweek CSRHub Score Comparison

However, even with this degree of correlation, there is a relatively poor agreement between the companies CSRHub would choose on Newsweek’s list of 500 companies as the best or worst performers and the companies on the Newsweek lists.  (Note that the rest of the analysis in this post focuses on the Global Rankings.  However, we found similar results for the US Rankings.)

Newsweek Global 500 and CSRHub comparison

We dug in a bit more to see if we could explain what might be driving these variation at each extreme.  A correlation between the Newsweek rating and CSRHub’s four category ratings shows that Newsweek’s score as expected is most closely tied to CSRHub’s environment rating.  There is also a connection with CSRHub’s Employee and Governance ratings.  However, there is no statistically supported connection with CSRHub’s Community rating, which includes the three subcategories of Product, Community Development & Philanthropy, and Human Rights & Supply Chain.

CSRHub Regression Analysis

The coefficient for the Environment component of this regression is 2.5X bigger than that for Governance and 4.5X bigger than the effect of Employees.  Still, top Newsweek companies probably need to perform well on at least the “E” and “G” parts of ESG.  The Social “S” part though—Employee and Community issues—has only a weak effect.  This would lead us to predict that some of the difference in rank between Newsweek and CSRHub is driven by differences in these factors.

As you can see below, the top CSRHub companies have average Community and Employee ratings that are 14% and 11% respectively above the average for the top Newsweek companies.  The opposite is true for bottom-ranked companies.

CSRHub Newsweek Community and Employees comparison

The companies who moved up this year are likely to trumpet their success.  Those who moved downward may be able to argue that their overall performance didn’t really change—they only changed emphasis from E and G factors, into the S (Social) area.


Bahar Gidwani Bahar Gidwani is CEO and Co-founder of CSRHub.  He has built and run large technology-based businesses for many years. Bahar holds a CFA, worked on Wall Street with Kidder, Peabody, and with McKinsey & Co. Bahar has consulted to a number of major companies and currently serves on the board of several software and Web companies. 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 provides access to the world’s largest corporate social responsibility and sustainability ratings and information.  It covers over 16,000 companies from 135 industries in 132 countries. By aggregating and normalizing the information from 461 data sources, CSRHub has created a broad, consistent rating system and a searchable database that links millions of rating elements back to their source. Managers, researchers and activists use CSRHub to benchmark company performance, learn how stakeholders evaluate company CSR practices, and seek ways to improve corporate sustainability performance.

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