UK: Business steps up to Corporate Responsibility Index
Date: 12 Mar 2003
Business in the Communiy has launched the results of its first Corporate Responsibility Index, with 122 companies participating in the exercise which ranks companies into quintiles reflecting their performance on social responsibility.
Companies in the top quintile are 3m, AstraZeneca, Aviva, BAA, BP, BT Group, Carillion, Dow Chemical Company, ISIS, J Sainsbury, Marks and Spencer, mm02, National Grid Transco, Rio Tinto, Safeway, ScottishPower, Shell International, Tesco, Unilever and Waste Recycling Group.
The index model is based on a four stage process that looks at corporate strategy, integration, management of the key issues around marketplace, environment, workplace and community, and performance & impact.
David Varney, the chairman of Business in the Community and mm02 said: "When I look back at the Index process, the one thing I am sure of is that it's not just a tick box exercise. I know from my own company's experience that it challenged our perceptions and increased cross-functional debate within the company. It made us really consider our position on a number of issues."
Chris Baldry from the National Association of Pension Funds added: "NAPF wlcomes the first Business in the Community Index of Corporate Responsibility - we hope to build on our current use of the BiE Index and to use the Corporate Responsibility results as part of the Voting Issues Service".
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