International
Trends on CSR
HUB
Can Your CSR Rating Impact Your Brand and Your Market Opportunities?
certi?cation process that will measure and verify many
aspects of environmental and social performance. ULE
recently purchased Good Guide, one of the largest
sources of information on the health, environmental,
and social impacts of 175,000 consumer products.
Most likely Corporate Social Responsibility (CSR) ratings
are impacting your brand and market opportunities, as new
global web-based tools are being developed to expose this
information. If they don't today, soon they will. Just take a
look at the new rating systems just a click and search away.
B Corporation
The Sustainability Consortium
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More than 500companies have self-administered the B
Corporation certi?cation process (including CSRHub!).
Corporations commit to being socially responsible on a
variety of dimensions. Recently, B Corporation has
integrated its system with that of the Global Impact
Investing Rating System (GIIRS). This system is
intended to help both investors and companies better
understand the impact of their operations and
investments.
Underwriters Laboratories Environment
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(ULE): With its many years of experience certifying
product safety and quality, Underwriters Laboratories
(UL) is a natural candidate to provide sustainability
ratings. UL Environment has launched several product
certi?cation efforts, and is developing a company
(TSC): TSC was launched by Wal-Mart, and is now
jointly administered by Arizona State University
and the University of Arkansas. Its 75 members are
working to expose the social performance of the
companies in various supply chains, and more
accurately quantify and communicate the sustainability
of products. For example, the Consortium works with
the Carbon Disclosure Project (CDP) and uses the
CDP's methodology for measuring carbon. Those who
participate in the Consortium disclose the carbon
content of their products privately to CDP.
Nowadays an increasing number of consumers care about
the sustainability of the materials you use, how you treat
your employees, your presence in the community and if you
follow the rules, more than ever before. Consumers with
purchasing power. Investors choosing socially responsible
CORPORATE SOCIAL REVIEW
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