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

HBR Publishes List of Best Performing CEOs in the World

[fa icon="calendar'] Oct 19, 2016 8:00:00 AM / by CSRHub Blogging

The Harvard Business Review released their ranking of the world’s 100 best performing Harvard Business ReviewCEOs, based on both financial and ESG (environment, social, governance) measures of the leaders’ entire time in office to highlight those executives that have established a lasting track record. CSRHub is proud to be one of the two research providers for this year’s list.

HBR wrote in its November 2016 article covering the ranking, “one persistent criticism of ESG data is that it can be subjective, and indeed, when you examine how various research organizations rank the same firm using ESG criteria, you’ll often find significant differences.  This year HBR used ratings from CSRHub, a firm that collects and aggregates ESG data to help companies better understand what they can do to improve. By incorporating two ESG components, we hope to increase our accuracy and reduce the odds that any company may unduly benefit from or be penalized by a single firm’s rating.” (For more details, see “How We Calculated the Rankings,” page 6.) “The revised approach, along with ups and downs in world stock markets, brought 33 new CEOs onto the list. At the same time, 30 CEOs have made the list for the third year in a row.”

See which leaders and companies made the top list here, https://hbr.org/2016/11/the-best-performing-ceos-in-the-world.

 

About CSRHub

CSRHub provides access to corporate social responsibility and sustainability ratings and information on 16,550 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.

 
Contact: Cynthia Figge, COO and Cofounder, Cynthia@csrhub.com

 

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What’s Next for ESG Metrics?

[fa icon="calendar'] Feb 3, 2016 10:17:17 AM / by Bahar Gidwani

By Bahar Gidwani

Several groups have written predictions about the future course of the Environment, Social, and Governance (ESG) measurement space.  We’ve seen stories about the importance of millennials (as both customers and employees), a sense that carbon tracking is finally an accepted part of corporate life, and that companies must watch out for a range of new legal and regulatory issues.

At CSRHub, we are exposed to all of these trends, and many more.  Our data collection engine automatically absorbs new data elements on 3,500 topics from 435 data sources.  It analyzes this information, normalizes it, weights it, and outputs ratings on more than 15,000 companies.  Each month we get a fresh look at what sustainability professionals around the world think is important.

One thing we’ve watched for several years is the shift in emphasis between interest in Environmental, Social, and Governance issues (“ESG” issues).  Governance and Environment each had their time as the top area of focus.  However, our data shows clearly that Social issues are now emerging as the focus for corporate social behavior analysis.

The overall sustainability ratings for the companies CSRHub tracks was stable or even dropped a little between 2009 and 2011.  We believe this was due to cutbacks on ESG spending, following the great recession of 2008-9.  Since 2011, we have seen steady overall improvement across companies in all industries and geographic regions.

CSRHub Sustainability Ratings

It is relatively easy to drill down into this data and pull out the average ratings across all of the companies CSRHub tracks, for each aspect of ESG.  However, our coverage has grown rapidly over the past eight years, partly due to the fact that we’ve found more data sources (we started with only 70 sources) and partly due to the fact that more companies are reporting sustainability information.  To ensure that we could focus just on trends in ESG focus, we selected 400 companies from this year’s Fortune 500 for whom we had full ratings back to 2009.

As you can see in the graph below, the ratings on Governance issues for this set of 400 companies have fallen since 2009 (probably as the legal and governmental pressures from the recession receded).  Environment had an upward spike in perceived performance from 2012 through 2014, but has now leveled off.  Social ratings have now started to move up and look likely to soon pass those for the other two areas of ESG.

Social Rating_Rising

We can also track how much information we receive from our sources for each area of social performance.  If we assume that the amount of information our sources receive ties to the amount of information that companies produce, we see evidence that the group of companies we study have generated more data in Social than in either of the other two areas.

Social Data Available_rising rapidly

CSRHub tracks six different social metrics areas: Community Development & Philanthropy; Compensation & Benefits; Diversity & Labor Rights; Human Rights & Supply Chain; Product; and Training Health & Safety.  We expect to see our clients continue to step up their efforts to benchmark their performance against that of their competitors in each of these areas.  Software firms will add more tools and consultants will write more reports on Social practices—just as they did during the 2008-09 era for the Governance space and in the 2012-14 era for the Environment space.  The overall effect should be a refocused interest on improving corporate performance on social issues, over the next few years.


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 15,000 companies from 135 industries in 132 countries. By aggregating and normalizing the information from 435 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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CSRHub Special Offer for the NAEM 2015 EHS Management Forum

[fa icon="calendar'] Sep 23, 2015 10:09:26 AM / by CSRHub Blogging

 NAEM EHS Management Forum

Get the CSRHub Diagnostic Report on Your Company

If there was a detailed, publicly-available report on your company's CSR and sustainability ratings, would you want to see it?Register for NAEM's EHS Management Forum  to receive a complimentary copy of CSRHub's Company Diagnostic that includes your company's green metrics and ratings. After registering, you will receive an email to sign up for your free report, which will be delivered shortly after in PDF format.Free Report: CSRHub will provide NAEM Forum attendees with a report based on the data it has collected over the past 8 years from more than 400 different sources of sustainability information. Attendees whose company is in the CSRHub index (CSRHub tracks more than 15,000 companies in 132 countries) will see how their company performs relative to its peers on twelve different dimensions. They will also see a list of the sources who are tracking their company and their company’s relative performance compared to its peers over the past two years. If your company is not tracked by CSRHub, you may request and receive a report on any other company that CSRHub tracks.Exclusive Discount: In addition to the free report, CSRHub, in partnership with NAEM, will also offer NAEM Forum attendees 20% off a Full Access Subscription to the CSRHub database and analytics tools.Register for NAEM


About CSRHub
CSRHub provides access to corporate social responsibility and sustainability ratings and information on 15,000+ companies from 135 industries in 132 countries. By using the world’s most comprehensive CSR metrics database and analysis tools, managers, researchers and activists can benchmark company performance, learn how stakeholders evaluate company CSR practices and improve a company’s sustainability.
 

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CSRHub & RepRisk study links CSR Performance & Reputational Risk

[fa icon="calendar'] May 13, 2015 9:28:52 AM / by CSRHub Blogging

CSRHub and RepRisk release new CSR and Reputational Risk study

FOR IMMEDIATE RELEASE

New York, NY, USA and Zurich, Switzerland – May 13, 2015CSRHub and RepRisk are pleased to announce the findings of their joint research report on the link between perceived CSR performance and ESG-related reputational risk exposure.

CSRHub, the world’s largest CSR and sustainability ratings and information database, and RepRisk, the leading data provider of dynamic environmental, social and governance (ESG) risk analysis and metrics, combined several years of data on over 4,000 companies from the around the world to conduct the study.

The findings show that correlations do exist between perceived CSR performance and reputational risk. It appears that companies with the most sources of sustainability ratings also have the highest risk exposure, regardless of company revenue or market capitalization, and that sustainability rating sources can play a role in discovering and communicating corporate risk events.

In addition, the data indicates that companies that have strong CSR programs as measured by CSRHub, in the areas of Human Rights and Supply Chain, Leadership Ethics, and Resource Management, seem to have lower risk exposure, whereas those companies who have strong programs in Community Development and Philanthropy, Environment Policy and Reporting, or Compensation and Benefits seem to have higher risk exposure.

“Taken together, our findings suggest that corporate risk managers should seek to become involved in their company’s corporate responsibility and sustainability programs,” said Bahar Gidwani, CEO and Co-Founder of CSRHub.

Alexandra Mihailescu Cichon, Head of Business Development at RepRisk, said “This study was a step forward in demonstrating the link between sustainability and operating results, and helps support the idea that sustainability programs help mitigate corporate risk.”

 

To read the full report, please click here.

 

 

Contact

For CSRHub:

Bahar Gidwani

CEO and Co-Founder

New York, NY  U.S.A.

Email: bahar@csrhub.com

For RepRisk:
Gina Walser
Business Development and Marketing
Stampfenbachstrasse 42, 8006 Zurich, Switzerland
Phone: +41 43 300 54 48
Email: media@reprisk.com

About CSRHub

CSRHub provides access to corporate social responsibility and sustainability ratings and information on 14,400+ companies from 135 industries in 127 countries based on 12 indicators of employee, environment, community and governance performance and flags many special issues.

CSRHub’s system aggregates and normalizes 64 million data points from over 380+ data sources. The data comes from nine socially responsible investing research firms, well-known indexes, publications, “best of” or “worst of” lists, NGOs, crowd sources and government agencies. By aggregating and normalizing the information from these sources, CSRHub has created a broad, consistent rating system and a searchable database that links each rating point back to its source.

For more information about the usage and benefits of CSRHub, please visit: www.csrhub.com.

About RepRisk:

RepRisk is a leading business intelligence provider specializing in dynamic environmental, social and governance (ESG) risk analytics and metrics.

Daily, RepRisk systematically screens big data from a broad range of open intelligence sources in 15 languages in order to identify, filter, analyze and quantify ESG risks (such as environmental degradation, human rights abuses and corruption) related to companies, projects, sectors and countries. This external perspective provides valuable insight on whether a company’s policies, processes and commitments are consistently translating into performance.

Since 2006, RepRisk has built and continues to grow the most comprehensive ESG risk database that serves as a due diligence tool and early warning system in risk management, compliance, investment management, corporate benchmarking and supplier risk. The database currently includes risk profiles for over 52,000 public and private companies and 12,000 projects as well as for every sector and country in the world.

Headquartered in Zurich, Switzerland, RepRisk serves clients worldwide including global banks, insurance companies, investment managers, and corporates, helping them to manage and mitigate ESG and reputational risks in day-to-day business.

RepRisk provides the transparency needed to enable better, more informed decisions. For more information, please visit www.reprisk.com or follow us on Twitter.

 

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Source 44 and CSRHub Strategic Alliance Enables Unprecedented Sustainability Benchmarking, Reporting and Compliance

[fa icon="calendar'] Jul 31, 2012 9:00:29 AM / by CSRHub Blogging

  

Offering combines the first interactive web-based supply chain transparency tool, Source Intelligence™, with the world’s largest database of corporate social responsibility (CSR) and sustainability ratings and reports.

SOLANA BEACH, CA and NEW PALTZ, NY (July 31, 2012) - Source 44, a leading provider of supply chain sustainability solutions and home to Source Intelligence™, and CSRHub, provider of the largest CSR and sustainability ratings database in the world, today announced a strategic alliance that will provide companies with unprecedented data and analytical and visualization capabilities for corporate benchmarking and compliance reporting.

“This partnership was formed to bring real value to companies seeking to gain control of their supply chains and mitigate associated risks while ensuring overall corporate sustainability,” said Matt Thorn, Chief Operating Officer at Source 44.

“With the imminent rules on supply chain due diligence, companies are gearing up to dig deeper into their supply chains than ever before,” Thorn added. “Through our partnership with CSRHub, they will be able to achieve supply chain transparency while understanding their overall company sustainability position on a comparative industry level.”

CSRHub rates and scores about 5,000 publicly traded companies in 65 countries on their levels of corporate social responsibility, using technology to aggregate 175 information sources that measure environmental performance, corporate governance, community engagement and treatment of employees.

Source 44’s interactive web-based tool, Source Intelligence™, is the leading source of supply chain sustainability intelligence. This groundbreaking technology incorporates a wide variety of key sustainability indicators and easy-to-use visualization tools that enable companies to benchmark, report and drive sustainability through their supply chains.

“These offerings blend high-level and fine-detail sustainability data to give companies a much more precise and at the same time comprehensive picture of their sustainability,” Thorn said. “This means companies will now have both the information and tools they need to reach their sustainability goals, from meeting compliance requirements to protecting their most important asset, their brand.”

“CSRHub is excited to partner with Source 44 to provide customers seeking to improve the sustainability of their supply chain and company with powerful tools for data analysis, insight and decision making,” said Cynthia Figge, Chief Operating Officer and Cofounder of CSRHub.

###

About Source 44

Source 44, home of Source Intelligence™, delivers a unique blend of cost-effective technology, expertise and data to rapidly improve supply chain sustainability and transparency.  We offer solutions tailored to the distinct challenges that retailers and manufacturers face when they set out to define and meet sustainability targets, from assessing suppliers for increased supply chain transparency and brand protection to complying with conflict minerals requirements. Each solution is powered by groundbreaking technology within Source Intelligence™, which drives companies to meet sustainability goals like never before.

Get More. With Source 44. Visit: s44.co  Source 44 is a B Corp.

About Source 44’s Conflict Minerals Program: http://www.source-44.com/content/cm-ondemand

About CSRHub

 

CSRHub® provides access to the largest corporate social responsibility (CSR) and sustainability ratings and information database in the world.

 

CSRHub provides access to corporate social responsibility and sustainability ratings and information on nearly 5,000 companies from 135 industries in 65 countries. Managers, researchers and activists use CSRHub to benchmark company performance, learn how stakeholders evaluate company CSR practices and track company and industry ratings monthly.

 

CSRHub rates 12 indicators of employee, environment, community and governance performance and flags company involvement in many special issues. We offer subscribers immediate access to millions of detailed data points from our 175 data sources. Our data comes from six socially responsible investing firms, CDP, well-known indexes, publications, “best of” or “worst of” lists, NGOs, crowd sources and government agencies. By aggregating and normalizing the information from these sources, CSRHub has created a broad, consistent rating system and a searchable database that links each rating point back to its source.

CSRHub's goal is to foster access to sustainability and corporate social responsibility (CSR) information. We aim to be an engine of transparency that encourages more consistent and actionable disclosure from all types of organizations. CSRHub is a B Corp.

Website: http://www.csrhub.com

For More Information

Source 44 LLC

Lauren Gambaccini, Marketing Communications Manager

Email: marketing@source-44.com

Phone: 877. 916. 6337 ext: 1007

CSRHub LLC

Cynthia Figge, Chief Operating Officer

Email: cynthia@csrhub.com

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