Unilever, BT, 13 Others Top Corporate Responsibility Index
KPMG, Unilever, EDF Energy, BT Group, Heineken UK, Marks & Spencer, PwC, J Sainsbury and seven other companies earned the Platinum Plus rating for corporate responsibility, retaining their status from last year, in rankings from U.K. non-profit Business in the Community.
Platinum rankings, for scores of 95 percent and up, were earned by 42 companies including the BBC, Hallmark, National Grid, Heathrow Airport Limited, Tesco, and Jaguar Land Rover, the new report, “Corporate Responsibility Index 2012,” said.
The CR Index assesses companies in four areas – corporate strategy, integration, management, and performance – based on an online survey. BITC evaluated the companies on one of four geographical bases: global (multinational companies reporting on 100 percent of their global business operations), national (UK companies reporting on 100 percent of their operations), UK-only (multinationals reporting on UK operations only) and Australia (companies reporting on Australian operations).
Twenty-five companies were ranked gold, 18 were silver and seven were bronze, representing national and global corporations from industry sectors including construction and materials, electricity, technology hardware and equipment, gas, water, multi-utilities, and household and personal goods manufacturers, the report said.
This year, 45 percent of companies are FTSE-listed, 56 percent of multinational companies reported on their global operations while 17 percent of participants reported for the first time, the report said.
The CR Index, in its tenth year, logged reporting data from 110 companies, with an overall index average score of 89 percent, a high average that suggests that the companies participating have integrated responsible business practice across their business operations, BITC said. In 2012, participants scored 97 percent in corporate strategy and 90 percent for integrating strategy into their operations.
The index framework seeks to give the participating companies a yardstick with which they may judge their own progress, find performance gaps, benchmark performance against peers, track progress over time, and engage board members to raise awareness of CR issues internally, BITC said.
In one example of a company using the index to improve operations, gold-ranked Royal Mail increased recycling rates from 16 percent in March 2010 to 85 percent in September 2011, mapping and reporting its progress towards a target of zero waste to landfill.
The Platinum Plus-ranked companies are listed in the chart above.
The Platinum-Ranked Companies were:
Australian Broadcasting Corporation
British Broadcasting Corporation
The Crown Estate
Ernst & Young
F&C Asset Management
Heathrow Airport Limited
Home Retail Group
Jaguar Land Rover
John Lewis Partnership
Legal & General Group
Lloyds Banking Group
The Midcounties Co-operative
Places for People
Royal Mail Group
RSA Insurance Group
Toyota Motor Manufacturing (UK)
Veolia Environmental Services (UK)
Veolia Water UK
Correction: In an earlier version of this article, BSkyB was left off the list of Platinum-ranked companies. We regret the error.
Energy Manager News
- PUCO: ‘Fixed Means Fixed’ in Retail Contracts
- FERC Requires Reports on Price Formation
- Viridian Energy Moves into Texas Market
- PUC Approves PPL’s 6.1% Rate Hike
- MPSC Spurns Consumers Energy on Investment Recovery Mechanism, Cuts Rate Hike by 36.4%
- Pennsylvania PUC Pulls Licenses of 20+ Retailers
- CUB: 90% of Alternative Supplier Offers Are Money-Losers
- FERC Clears NV Energy Entry into Western EIM