CSRHub Blog Research on ESG metrics and comments on sustainability best practice

EKOS International Launches Benchmark Report Service Using CSRHub Data

[fa icon="calendar'] Jul 22, 2014 9:00:14 AM / by CSRHub Blogging

EKOSCSRHub

We are excited to announce that EKOS International is providing a new customized benchmark report service. Using data from CSRHub, the world’s largest database of sustainability ratings, the reports help companies assess their CSR performance compared to selected competitor, customer and peer companies, as a valuable input to their sustainability strategy and goal setting.

EKOS provides strategic sustainability consulting for many of North America’s best-known corporations and has been an international thought-leading consultancy on integrating sustainability for competitive advantage for almost 20 years. EKOS is using CSRHub’s 8,900 company ratings and millions of data points from over 300 sources to evaluate, compare, and objectively assess where its clients are leading and/or lagging. Clients receive actionable benchmarking analyses and strategic planning that they can use as a springboard for designing and accelerating their corporate sustainability performance.

CSRHub is adding EKOS’ benchmark service to its CSR Report Hub. To see CSRHub partner reports and the new EKOS customized report offering, go to the CSRHub reports page.

About EKOS International

EKOS International is a leading strategic sustainability consulting firm, helping companies understand the imperative for sustainability as a key driver of competitive advantage, and integrate CSR/ Sustainability into core strategy and operations. EKOS delivers customized solutions for strategic planning, global benchmarking, sustainability roadmaps and implementation, CSR Reporting, employee engagement, materiality assessment, and innovation.

For more information, visit www.ekosi.com or contact Lorinda Rowledge, Partner and Co-Founder, EKOS International: lrowledge@ekosi.com 206-232-4000

About CSRHub

CSRHub creates simple, direct comparisons of Corporate Social Responsibility (CSR) and Sustainability performance among competitors and across supply chains, industry, and regions. It reinforces third-party standards and encourages transparency and responsible behavior. Our comprehensive database of CSR information provides a complete set of sustainability metrics and tools. We support and serve the decision-making needs of corporate managers, researchers and activists.

For more information, visit www.csrhub.com or contact Bahar Gidwani, CEO and Co-Founder, CSRHub, bahar@csrhub.com.

 

Read More [fa icon="long-arrow-right"]

[fa icon="comment"] 4 Comments posted in benchmarks, CSR, CSRHub, EKOS International, sustainability, sustainability consulting, Uncategorized

Transparency and the Mega Trend

[fa icon="calendar'] Apr 30, 2010 5:41:16 PM / by Cynthia Figge

By Cynthia Figge

A recent article in the Harvard Business Review by David Lubin and Daniel Esty should bring cheer to anyone who has been concerned about how slowly corporations seem to be adopting sustainability strategies.  The article titled “The Sustainability Imperative” argues persuasively that incorporating sustainability practices into corporate behavior is a “mega trend”.

A section titled “Reporting and communication” made me especially happy.  The authors say, “Developing metrics that allow companies to measure benefits and understand costs is essential to adapting and refining their strategy, as well as communicating results.”  Companies need an external measure of their sustainability progress —and they need benchmarks that compare them to their competitors, so they know how much further they need to go.  We have spent two years developing a measurement instrument we call CSRHUB—a tool we hope can provide this type of broad and uniform metric.

The authors go on to point out something I and my partners at EKOS International have seen in many of the companies we have worked with.  “When the assessments were based only on publicly available information and a company’s external reporting, we got scores that were almost always lower, and often significantly so, than scores developed in consultation with the company and with full inside information.”  In other words, many companies may be doing better on sustainability issues—and on their corporate social responsibility performance in general—than is publicly known.

For example, if you look at the default ratings on the CSRHUB site for Wal-mart and Costco, you will find Wal-mart gets a score of 56 and Costco gets a 48 (on a scale of 0 to 100).  As a Costco customer I hope that this difference may be overstated, but it’s difficult to know. Some of the difference our sources perceive between these two companies may be driven by their varying policies of disclosure. One explanation for the rating difference is that it’s the penalty for lack of transparency.   Costco is followed by fewer data sources:  Only twelve sources report on Costco compared to seventeen for Wal-mart. Wal-mart has expanded its website coverage of CSR, while Costco has only recently published a first report on sustainability.

If you are a subscriber to our system, you can see more of the picture.  Subscribers will see that Costco gets a 39 on its corporate transparency and reporting compared to 52 for Wal-mart, and 45 on its environmental policy and reporting compared to 63 for Wal-mart.  In contrast, we show closer ratings for a more fundamental element—environmental resource management (Costco gets a 51 rating while Wal-mart gets a 59).

I hope more companies come to understand both points this HBR article makes regarding communication. First, companies need to develop metrics that enable them to track their own progress.  Second, companies should contribute to the metric-forming process by revealing their policies and practices.  Doing both will strengthen transparency, and give good-performing companies credit where due for the improvements they have made, and hopefully serve as a catalyst to “manage sustainability as a business megatrend”.

Read More [fa icon="long-arrow-right"]

[fa icon="comment"] 4 Comments posted in benchmarks, comparison, competition, corporate communications, corporate social responsibility, Costco, CSR, CSRHUB opinion, Cynthia Figge, environment, Harvard Business Review, measurement, megatrend, metrics, social performance, sustainability, transparency, Wal-Mart

Subscribe to Email Updates

Lists by Topic

see all

Posts by Topic

see all

Recent Posts