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

Climate Counts Releases its 2012 Scorecard

[fa icon="calendar'] Dec 12, 2012 4:53:22 PM / by Bahar Gidwani

By Karen Dam and Bahar Gidwani

Our friends at Climate Counts have just released their 2012 Scorecard.  It is the sixth time they have carefully reviewed the climate and environmental performance of a number of leading corporations—they scored 146 companies this year (up from 136 last year) on a number of different climate-related measures.

Climate Counts has earned wide respect for its careful and thoughtful measurement approach.  When we started setting up our CSRHub database, they were one of the first groups we reached out to for advice and their approach to measuring climate performance had a big impact on our methodology.  We showcase their 2010 and 2011 data on our site (www.csrhub.com/alter/flag/CLC) and will soon add the new 2012 data.  This year, we were able to incorporate their information into the ratings for 124 of the 6,500+ companies we rate.  (Climate Counts rates some entities we do not yet rate such as private companies—including some in special interest areas such as baby equipment and clothing—and the US Postal Service.)

We took a quick look at how well our scores match up with the new Climate Count scores.  We currently have 823 different environment-area measurements from 79 different sources.  They contribute 2.8 million data points to our environment category ratings.  (We have more than 17 million data elements in our system, from about 185 sources).  We were pleased to see a very strong 62% correlation between our Environment category rating (which includes resource management, environmental reporting, and climate change performance) and the Climate Counts score (which includes data on whether or not a company reviews its climate position, commits to reduce its climate effect, has an appropriate policy, and reports its policy).

Climate Counts Score and CSRHub Environmental Rating

We rarely see more than a 25% correlation between our scores and any single source of data.  The strong relationship continues even when we drop down a level of detail and compare a subscore like the Climate Counts “REPORT” rating to our “Environmental Transparency & Reporting.”

Climate Counts Reporting Score and CSRHub Environmental Policy & Reporting Rating

We hope our users will benefit from this new contribution from one of our most-trusted data sources.


Karen Dam is a Data Analyst for CSRHub. Karen completed her Bachelor of Science in Environmental Sciences at the University of Guelph, and a Master of Environmental Science at the University of Toronto Scarborough. She has enthusiastically filled research roles in the public sector. Karen has experiences in project management and research, including data collection and data management, analysis and synthesis. Karen actively volunteers with NGOs, including conservation authorities, to contribute to ecosystem protection, advocate environmental sustainability and of science literacy.

Bahar Gidwani is a Cofounder and CEO of CSRHub. Formerly, he was the CEO of New York-based Index Stock Imagery, Inc, from 1991 through its sale in 2006. He has built and run large technology-based businesses and has experience building a multi-million visitor Web site. Bahar holds a CFA, was a partner at Kidder, Peabody & Co., and worked at McKinsey & Co. Bahar has consulted to both large companies such as Citibank, GE, and Acxiom and a number of smaller software and Web-based companies. He has an MBA (Baker Scholar) from Harvard Business School and a BS in Astronomy and Physics (magna cum laude) from Amherst College. Bahar races sailboats, plays competitive bridge, and is based in New York City.

CSRHub provides access to corporate social responsibility and sustainability ratings and information on nearly 6,500 companies from 135 industries in 70 countries. By aggregating and normalizing the information from over 185 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.

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Are Companies Really Striding Forward On Climate Change?

[fa icon="calendar'] Dec 13, 2011 5:19:04 AM / by Bahar Gidwani

By Bahar Gidwani

Climate Counts recently released its fifth update of its well-known Climate Scorecard.  In the report that accompanied the release, Mike Bellamente, the new director of Climate Counts, pointed out that 79 of the 136 rated companies had scores that showed they were “striding” towards improving their climate performance.

It was good to hear this encouraging news.  We at CSRHUB would like to believe that companies are making progress towards helping us all avoid further climate change.  In a prior post, we pointed out that our CSRHUB environment category ratings correlate well with Climate Count’s scores.  We thought we’d take a retrospective look and see if our systems concur about the direction and degree of change over time in company performance.

CSRHUB recently added a feature that allows its subscribers to see historic ratings data.  All subscribers can see a graph of a company’s ratings changes.  A professional subscriber ($50 per month) can actually roll back a company’s score, month-by-month, to the date we launched in 2010.  They can also compare any company’s score to those of its peers, on this monthly basis.

Using this new feature, we were able to get year-ago scores for 112 of the companies that Climate Counts rated in both 2010 and 2011.  As you can see below, our two systems have a somewhat different view of how company performance has changed over the past year.  The average change for CSRHUB’s environment score is higher (up 22%) than for Climate Counts (up only 12%).  But, Climate Counts has more companies with positive changes (85 vs. 67) and a sharper peak in the distribution of changes.

Climate counts and csrhub different degrees of change

CSRHUB and Climate Counts appear to disagree somewhat on the direction of change, for many companies.  As you can see below, we both believe companies are improving about 40% of the time and we both agree they are falling back about 10% of the time.  For the other half of the companies we studied, we have different views on whether or not they made progress over the past year.

Csrhub score difference

We are not discouraged by this disagreement in direction.  Climate Counts is new data—CSRHUB’s score is based on everything available until this point, from everyone we could find (we now have 7.5 million data points in our system from 135 sources).  We trust that the careful analysis of the team at Climate Counts accurately portrays where the CSRHUB scores for these companies will head, over the next three to six months.  We expect our scores to continue to remain highly correlated with those from Climate Counts, as Climate Counts continues to probe and explore for new information and perspective on corporate climate change behavior.


Bahar Gidwani is a Cofounder and CEO of CSRHUB. Formerly, he was the CEO of New York-based Index Stock Imagery, Inc, from 1991 through its sale in 2006. He has built and run large technology-based businesses and has experience building a multi-million visitor Web site. Bahar holds a CFA, was a partner at Kidder, Peabody & Co., and worked at McKinsey & Co. Bahar has consulted to both large companies such as Citibank, GE, and Acxiom and a number of smaller software and Web-based companies. He has an MBA (Baker Scholar) from Harvard Business School and a BS in Astronomy and Physics (magna cum laude) from Amherst College. Bahar races sailboats, plays competitive bridge, and is based in New York City.

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Climate Counts Releases its 2011 Scorecard

[fa icon="calendar'] Dec 7, 2011 5:55:29 AM / by Bahar Gidwani

By Bahar Gidwani

Our friends at Climate Counts have just released their 2011 Scorecard.  It is the fifth time they have reviewed the climate and environmental performance of a number of leading corporations—they scored 136 companies this year on a number of different climate-related measures.

Climate Counts has earned wide respect for its careful and thoughtful measurement approach.  When we started setting up our CSRHUB database, they were one of the first groups we reached out to for advice, and their approach to measuring climate performance had a big impact on our methodology.  We showcase their 2010 data on our site (http://www.csrhub.com/alter/flag/CLC) and were able to incorporate their information into 117 of our ratings in 2010.  It looks like we’ll be able to use their data to help us rate 119 companies, this year.  (Climate Counts rates some private companies—including some in special interest areas such as baby equipment.)

We took a quick look at how well our scores match up with the new Climate Count scores.  We currently have 457 different environment-area measurements from 53 of our sources.  They contribute 1.2 million data points to our environment category ratings.  (We have a total of 7.5 million data elements in our system, from about 135 sources).  We were pleased to see a very strong 75% correlation between our Environment category rating (which includes resource management, environmental reporting, and climate change performance) and the Climate Counts score (which includes data on whether or not a company reviews its climate position, commits to reduce its climate effect, has an appropriate policy, and reports its policy).

Correlation climate counts and CSRHUB pic 1 2011-12-07

We rarely see more than a 25% or 35% correlation between our scores and any single source of data.  The strong relationship continues even when we drop down a level of detail and compare a subscore like the Climate Counts “REPORT” rating to our “Environmental Transparency & Reporting.”

Correlation climate counts and CSRHUB pic 2 2011-12-07

We plan to offer more analysis of this update to one of our most-trusted data sources, in a future blog post.


Bahar Gidwani is a Cofounder and CEO of CSRHUB. Formerly, he was the CEO of New York-based Index Stock Imagery, Inc, from 1991 through its sale in 2006. He has built and run large technology-based businesses and has experience building a multi-million visitor Web site. Bahar holds a CFA, was a partner at Kidder, Peabody & Co., and worked at McKinsey & Co. Bahar has consulted to both large companies such as Citibank, GE, and Acxiom and a number of smaller software and Web-based companies. He has an MBA (Baker Scholar) from Harvard Business School and a BS in Astronomy and Physics (magna cum laude) from Amherst College. Bahar races sailboats, plays competitive bridge, and is based in New York City.


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