How to Improve CSR Performance Ratings: CSRHub e-Book
(3BL Media/Justmeans) – A growing number of companies now publicly share and prioritize their ESG actions and performance. Yet, this information is often not reported in a codified way. Of the Fortune 1000, only an estimated 27 percent provide a CSR report. The percentage of smaller companies reporting their CSR behavior is even lower.
In absence of a consistent CSR rating system, it can be difficult to objectively compare CSR performance of companies. The CSR field is currently riddled with competing standards, methodologies, certification systems, and philosophies. This has created an environment that both those who generate data and those who use data find confusing.
To address this challenge, CSRHub has published the first e-Book in a new e-Book series, How to Improve Your CSR Score, sponsored by Triple Pundit. As the world’s largest sustainability business intelligence database, CSRHub is in a unique position to understand corporate social responsibility (CSR) ratings.
In How to Improve Your CSR Score, CSRHub aims to share some of the “secret sauce” its co-founders, Cynthia Figge and Bahar Gidwani, have developed through their decades of experience with sustainability metrics. The e-Book is designed to help business leaders better manage their rating stakeholders, boost business performance, tell their CSR story more effectively, and improve CSR scores.
Over the last decade, CSRHub has emerged as the world’s largest aggregation of CSR ratings information. Its big data collection engine ingests the newest data elements on 5,300 topics from over 500 data sources every month. CSRHub’s patented algorithm analyzes, normalizes, and weights this information to produce ratings on more than 17,000 companies worldwide.
CSRHub partners with private research groups who track various aspects of corporate behavior. By correlating these data sets with the rest of CSRHub’s information, they can provide signals about the sustainability performance of smaller companies and those that are privately held.
The e-Book’s co-authors say that the CSR ratings landscape is complex, but navigable. Their advice to companies is that they should know what organizations rate their CSR performance and that of their competitors. They should ensure that these organizations receive their publicly available information to fairly assess their performance.
Source: 3BL Media