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

CSRHub's Cynthia Figge Speaking at Skytop Strategies CSR 2.0 Conference

[fa icon="calendar'] Apr 7, 2016 9:58:00 AM / by Cynthia Figge

Skytop CSR 2.0

Join Skytop Strategies CSR 2.0 Conference, where our
Co-founder and COO, Cynthia Figge, will be moderating the Performance Drivers: Big Data, Transparency and CSR panel. This conference will be held on April 20th in San Francisco, California.  CSRHub will also be a strategic partner of this conference.

Skytop’s CSR 2.0 Conference will be attended by Corporate Responsibility Officers, Heads of Marketing and Strategy, and Human Capital Executives, with the goals of engaging, discovering as well as applying corporate social responsibility strategies.

For more information, please click here to visit Skytop Strategies website for the conferences agenda.

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Data-Driven Storytelling: Is your Company Collecting the Right Data to tell its CSR Story

[fa icon="calendar'] Oct 15, 2015 10:46:19 AM / by Cynthia Figge

The catchphrase of 2014/2015 was, and is, big data- Good Done Greatdata sets that are so vast and complex that they need intensive resources to process. But what is the point of data if we cannot process it, analyze it, and effectively communicate it to our stakeholders?

Within the Corporate Social Responsibility sector, data legitimizes our efforts and encourages support from internal and external stakeholders. Without properly collecting and communicating the results of our volunteering and giving, CSR efforts can be diminished.

Join Good Done Great and CSRHub for a one-hour webinar discussing data-driven story-telling within the Corporate Social Responsibility space discussing topics such as how to collect the correct data, analyze it, and share it with both external and internal stakeholders.

Questions to be addressed include:

-          Why is CSR data important?

-          What data should CSR departments collect?

-          How do CSR departments make sense of this data?

-          How do CSR departments effectively communicate this data?

-          Which companies are correctly collecting data & communicating their stories?

Your CSR programs are only as effective as the impact and the stories they tell! Don’t miss out on this interactive session with two thought leaders in the technology, CSR, and data analytics space!

Tue, Oct 27, 2015 1:00 PM - 2:00 PM CDT
Register for GDG
Register, here.

Company Descriptions:

About Good Done Great:

Good Done Great revolutionizes the way corporations and individuals give back to the communities and causes they care about. Through strategic consulting supported by our integrated software solutions, the Good Done Great team helps Fortune 500 and other companies maximize their corporate social responsibility (CSR) programs.

About CSRHub:

CSRHub provides access to corporate social responsibility and sustainability ratings and information on 15,143+ companies from 135 industries in 132 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.

Presenter Profiles:

Christina Bowen leverages over 25 years of public relations, corporate giving, and strategic planning experience in her role as Vice President at Good Done Great. She works directly with Fortune 1000 groups, including Grainger, PPL, Ecolab, and Barrick Gold to deliver integrated CSR programs that increase employee engagement while delivering upon real business goals.

Cynthia Figge, Co-Founder and COO of CSRHub, is a forerunner and thought leader in the corporate sustainability movement who co-founded EKOS International in 1996, one of the first consultancies integrating sustainability and corporate strategy. Cynthia has worked with major organizations including BNSF, Boeing, Coca-Cola, Dow Jones, and REI to help craft sustainability strategy integrated with business. She was an Officer of LIN Broadcasting/McCaw Cellular leading new services development and started a new “Greenfield” mill with Weyerhaeuser. She serves as Advisor to media and technology companies and served as President of the Board of Sustainable Seattle. Cynthia has an MBA from Harvard Business School. Cynthia is based in the Seattle area.

 

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CSRHub’s Cynthia Figge speaking at Outsell’s Signature Event

[fa icon="calendar'] Sep 22, 2015 10:41:49 AM / by Cynthia Figge

Outsell's Signature EventCSRHub’s COO and Co-Founder, Cynthia Figge, will be a speaker at the 2015 Outsell’s Signature Event at the legendary Pinehurst Resort, Home of the 2014 US Open. The invitation-only annual event brings together leaders and decision-makers from across the global media and information industry. This year’s program will focus on the Success in the Digital Machine Age by providing executives with living examples and case studies on how to thrive in an always-on world, and lead their organizations and teams. Cynthia will be giving a Sprint talk focusing on “Using Big Data to Build Value-Added Solutions with the Power to Disintermediate” on October 2nd, 2015.
To gain more information on this please click here.


Cynthia Figge, Co-founder and COO of CSRHubCynthia Figge is a forerunner and thought leader in the corporate sustainability movement who co-founded  EKOS International in 1996, one of the first consultancies integrating sustainability and corporate strategy. Cynthia has worked with major organizations including BNSF, Boeing, Coca-Cola, Dow Jones, and REI to help craft sustainability strategy integrated with business. She was an Officer of LIN Broadcasting/McCaw Cellular leading new services development, and started a new “Greenfield” mill with Weyerhaeuser. She serves as Advisor to media and technology companies, and served as President of the Board of Sustainable Seattle. Cynthia has an MBA from Harvard Business School. Cynthia is based in the Seattle area. CSRHub provides access to corporate social responsibility and sustainability ratings and information on 15,140+ companies from 135 industries in 132 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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Watch CSRHub Co-Founder & CEO Bahar Gidwani on CUNY!

[fa icon="calendar'] May 14, 2015 10:37:27 AM / by CSRHub Blogging

Brian Lehrer Live PBS
See Bahar Gidwani’s interview with Brian Lehrer aired Wednesday, May 13th at 7:30 p.m. ET on CUNY channel in NYC. The interview is also available online here. They discuss CSRHub’s big data approach to rating all companies on their sustainability performance.

Bahar Gidwani

Bahar is joined by Kevin Hagen, Director of Corporate Responsibility at Iron Mountain, a leading provider of storage and information management services. Kevin was previously head of CSR for REI.

Brian Lehrer, the popular Peabody Award-winning host of WNYC Radio's Brian Lehrer Show, hosts an hour-long weekly television show on a wide variety of topics, including the digital age and how it’s transforming our world; new social and political trends; entrepreneurs of change; New York City politics; grassroots environmental efforts; one-of-a-kind, timely stories in the news; and innovative inventions and apps.

Image courtesy of  http://www.cuny.tv/show/brianlehrer


Bahar GidwaniBahar Gidwani  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. Bahar is a member of the SASB Advisory Board. He plays bridge, races sailboats, and is based in New York City.

CSRHub provides access to corporate social responsibility and sustainability ratings and information on 14,400+ companies from 135 industries in 127 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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Part 2 of Do Data Management Tools Improve Perceived Sustainability Performance?

[fa icon="calendar'] Jan 20, 2015 9:51:49 AM / by Bahar Gidwani

By: Bahar Gidwani

Part 2 of a 2-part series.

In our last post, we set the stage describing a new study conducted by CSRHub and Tennaxia investigating the correlation between a company’s sustainability performance and its use of specialized data management software. To continue, the results from our study are outlined below.

Hypothesis A Confirmed:  Strong Overlap

Tennaxia supplied CSRHub with the names of fourteen of its customers.  We can assume then that the companies we were given are ones who have used Tennaxia software for a while and who are satisfied with its performance.  We found that CSRHub had data on thirteen and enough data to rate ten of these fourteen companies.

CSRHub analysis

(Note: CSRHub had full ratings on Emerson, but no separate ratings on its Moteurs Leroy Somer subsidiary.)

CSRHub has at least some data on 140,000 companies and other entities, but has only so far been able to rate about 10,000 of these.  As we can rate only about 7% of our universe, the 10/14 coverage for Tennaxia’s customer set is a higher than average proportion.  About 70% of CSRHub’s ratings are complete.  For these companies we can rate social performance in all four major sustainability areas:  Community, Employees, Environment, and Governance.  We had full ratings on eight of the ten Tennaxia companies we rated—80%.

Hypothesis B Confirmed:  Good Overall Ratings

As we expected, the average percentile rank of the six Tennaxia companies that CSRHub fully rates was well above average.

CSRHub overall and industry performance

The percentile rank compared to all CSRHub rated companies ranged from 74% to 99%--with an average of 88%.  These high relative scores were not due just to a focus on certain high-sustainability industries.  The average rank for Tennaxia’s customers versus other companies in their industry was 85th percentile.  While the eight companies involved are larger-than average, we have found that company size by itself has little effect on CSRHub’s ratings.

Hypothesis C Confirmed:  Special Strength In Software-Related Areas

CSRHub tracks sustainability performance in twelve different areas.  The average ratings across these areas were strong for the ten Tennaxia clients for whom we had multiple rated areas.

CSRHub - Tennaxia comparison

Note that all three employee subcategories had above average scores—one of the areas we expected to see strength.  The Tennaxia-using companies also did well in our three Environment subcategories—an area where software tools should be helpful.  The two weakest areas were places where EHS and CSR Data tools would not be expected to play a role.  Community development and philanthropy are functions that may be managed by groups outside of the corporate social responsibility (CSR) function in many companies.  Board quality and procedures are also outside the scope of most sustainability software tools.

Summary

This study used a small group of companies.  We had the support of only one software vendor.  We did not conduct supporting interviews or study outliers to look for specific examples of best or worst practice.  However, the general tone of our results is consistent with our hypotheses and is consistent with the feedback we’ve received from working with the more than 14,000 corporate sustainability professionals who use CSRHub.  We believe that commercial software tools will become an increasingly important part of managing CSR and sustainability programs and that they can help companies improve their social and business performance.  We thank Tennaxia and Rescore for their support of this study and hope that other software firms will step forward to do similar work to help substantiate the value they claim for their products.

About CSRHub and Tennaxia

CSRHub provides access to corporate social responsibility and sustainability ratings and information on 13,700+ companies from 135 industries in 104 countries. By aggregating and normalizing the information from 360 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 change the world.

Tennaxia provides customized cloud-based software and services to help companies manage EHS Compliance and Sustainability Data.  Over 5,000 locations, in 70 countries across multiple languages, rely on Tennaxia to streamline business processes, reducing costs and risks. Configurable to any framework or KPI, Tennaxia’s turnkey solution achieves nearly 100% client retention. With 13 years track record advancing European corporations, Tennaxia is now pleased to offer its customizable solutions to U.S. customers.  For more information including case studies:

http://www.trianagroup.com/tennaxia/

http://www.sustainablebrands.com/news_and_views/ict_big_data/millie_lapidario/us_companies_can_do_more_excel_csr_data

CSRHub and Tennaxia white paper


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. Bahar is a member of the SASB Advisory Board.  He plays bridge, races sailboats, and is based in New York City.

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