Hundreds of companies violate US federal, state, and local laws each year. Do these transgressions affect how these companies are rated by ESG (Environment, Social, and Governance) experts? Using an excellent data set called Violation Tracker from Good Jobs First, we show there is a 52% correlation between the change in number of violations over a 15 month period and the change in our Leadership Ethics rating.
This past year of social and environment pressures (Covid-19, racism inequity, climate change, global risks) has created a new wave of demand for ESG data and insight. A growing number of corporates, professional firms and financial asset owners and managers are interested in ESG.
SEOUL and LONDON August 13, 2019 /3BL Media/ AccountAbility has released the Korean translation of its latest sustainability management framework and guidance document – the AccountAbility Principles (AA1000AP, 2018). The AA1000AP (2018) serves as the foundation of the AA1000 Series of Standards, and offers an informed update to the firm’s internationally accepted, principles-based approach to sustainability management for the 21st century.
May 16, 2018 /3BL Media/ - A new report released today by the nonprofit organization Ceres finds that companies with strong systems for board sustainability oversight are more likely to perform better on sustainability challenges such as climate change, water scarcity and pollution, and human rights abuses.
October 3, 2017 /3BL Media/ - Tetra Pak today published its 2017 Sustainability Report, highlighting the company’s annual progress and key achievements in the areas of environmental performance, social responsibility and corporate governance. For the first time since it started publishing a Sustainability report in 2004, the company has adopted Global Reporting Initiative (GRI) guidelines, the most widely-used international framework for measuring and communicating sustainability performance.
The following is part 3 of a 3-part series on “Big Data."
In the past several posts, we have defined Big Data, shown the problems we hope it will address, and described how CSRHub has implemented a Big Data approach to creating corporate social responsibility (CSR) and sustainability ratings. It is time now to discuss the benefits and drawbacks of the “Big Data” approach.
The assumption is that this approach offers many benefits which are not available under traditional analyst-based ratings methods:
The following is part 1 of a 3-part series on “Big Data.”
“Big Data” is a useful tool for rating corporate social responsibility (CSR) and sustainability performance. We believe that the Big Data system that CSRHub has developed is one answer to dealing with the rise in new ratings systems (it seems there is a new one announced each month) and with the disparities in scores that occur among these different systems.
A message from Cynthia Figge Co-founder and COO, CSRHub
As featured in a recent CSRHub Newsletter
We enter the New Year with some Rays of Hope for the world and at CSRHub. After nine years of pioneering work, we have just ingested our 500th data source and track the perceived sustainability performance of almost 17,000 companies worldwide. We now aggregate 13 expert ESG investor research databases, and a vast array of NGO and rich data sources providing a strong signal on how companies are perceived by financial analysts and other stakeholders.
We have coined the phrase “Dark Data,” to describe information on corporate sustainability that exists, but cannot normally be seen and evaluated. Dark Data is exchanged privately as part of supply chain, certification, and regulatory interactions. As such, it forms an important part of how companies interact with their environment.