CR index companies demonstrate a responsible business shift
Reed Elsevier is delighted to announce that it has achieved platinum in Business in the Community’s (BITC) 2012 Corporate Responsibility Index (CRI), the UK’s leading voluntary benchmark of corporate responsibility.
Over a decade of practicing responsible business practices, 350 organisations have demonstrated how implementing and managing a systematic approach to can help companies accurately measure, manage and shape their social and environmental performance.
In the last ten years since the CR Index launched there have been substantial shifts in how companies integrate responsible business into their operations, along with a growing recognition of the role of business in society and the potential to be a force for good:
- In 2002 only 61% of organisations integrated corporate responsibility (CR) into their overall strategy compared to 90% in 2002
- A 49% increase in companies linking remuneration and bonuses with targets (24% to 73%)
- In 2004 only 65% of companies regularly discussed all main corporate responsibility areas at board meetings. By 2012 this had risen to 92%
- The quality of reporting CR has increased from 41% in 2004 to 73% in 2012
The CRI helps companies to integrate and improve corporate responsibility throughout their business operations.
Achieving platinum means that Reed Elsevier has integrated corporate responsibility into its business model and has clear CR responsibilities and incentive structures at board and operational levels. Platinum companies have a structured approach to data collection and social and environmental impact assessment. They can demonstrate 3-4 years of performance improvement across their key impacts. They act and report with a high level of transparency and stakeholder engagement, and the materiality, completeness and responsiveness of their published data is often third party assured.
Stephen Howard, Chief Executive, Business in the Community said: “I congratulate Reed Elsevier on achieving platinum in the 2012 BITC Corporate Responsibility Index. The CR Index has helped to highlight clearly those best practice examples that bring to life in a powerful way what integrated responsible practice really looks like. As we celebrate 10 years of our CR Index it has given me great pleasure to witness each company’s responsible business journey and the transformations they are making both within their businesses and the impact they have in our communities”.
For more information, please visit the BITC website.