How Can You Benchmark Your Sustainability Performance Against Industry Peers?
“What gets measured gets managed” is a mantra that is often quoted in CSR conversations to highlight the importance of measuring quantitative data to improve Sustainability Performance. Not only should companies measure their performance and track progress over time, they should also compare their performance against their industry peers, which is often a challenge due to different data scopes and methodologies.
How can we really compare apples and oranges when it comes to Sustainability? This is a question CSRHub has been helping you resolve for the last 8 years, by providing access to corporate social responsibility and sustainability ratings and information on nearly 14 000 companies from 135 industries in 127 countries. The CSRHub website rates 12 indicators among the four following categories: employee, environment, community and governance. Their data comes from nine socially responsible investing research firms, well-known indexes, publications, “best of” or “worst of” lists, NGOs, crowd sources and government agencies. By aggregating and normalizing the information from these sources, CSRHub has created a broad, consistent rating system and a searchable database that links each rating point back to its source.
Today, we are taking this great work one step further with the new CSRHub Benchmark Template, available on the Wizness Publisher. Both of the CSRHub and Publisher teams have joined forces to imagine this new online tool which will enable you to:
- Assess your own performance: Evaluate your Sustainability Performance thanks to the CSRHub ratings methodology, covering the four categories mentioned above.
- Benchmark your performance with your peers: Evaluate the Sustainability strategy of your competitors, identify the leaders and laggards of your industry and compare your ratings to theirs.
- Identify your strengths and weaknesses: By comparing your own CSRHub ratings to industry peers of your choice, the benchmark helps you identify the Sustainability areas in which you excel, or need improvement.
Wondering how it works? Enter your company name and up to 4 of your competitors, and the Publisher will use the CSRHub data to generate an online and interactive benchmark report like this one:
Excited about discovering how good you perform? Start your own benchmark now!
If you have any questions about this new exciting tool, you can take a look at our FAQ or at the template tutorial. If you don’t find what you’re looking for, or if you just want to say “Hi!”, we’d love to hear from you!