EXCITING RESULTS FROM CSRHUB CASE STUDY
Following a very hot and productive summer, CSE recently conducted a research based on CSRhub to discover just how important CSR-Practitioners are in advancing companies’ sustainability journey. For those of you who aren’t aware CSRHub is a leading corporate social responsibility (CSR) and sustainability rating and information database. In order for CSRHub to produce sustainable and therefore actual results, the criteria looks into evaluating companies CSR efforts in 4 fundamental categories (Community, Employees, Environment, and Resources) and 12 additional subcategories. In turn the overall CSR rating score calculated by CSRHub creates a benchmark for companies to compare sustainability performance. To date, CSRhub rating methodology uses 257 sources to create a schema which reduces bias and among those sources, respectively, are six top leading ESG research firms and other diverse, credible sources.
In this research 8 companies with CSR-Practitioners served as the sample to investigate their overall CSR Ratings.
The aim was to discover if there was any difference between companies CSR ratings before and after having CSR-Practitioners within their teams. In turn, the actions taken to compare the 8 companies CSR scores comprised of looking into 1 year before and after CSE training, compared to the corresponding industry average. Fast-forwarding, the data points were transformed into line graphs to illustrate the sustainability score trends. The graph above “W.W. Grainger Inc.”illustrates the data point 1 year before CSE’s training (B), compared to 1 year after the training (P1) and indicates the impact that the CSR-Practitioners 2 year action plan (from the training) may have had on the company’s overall CSR score. For a full picture of the Research and the 2 year Action plan that all our Certified CSR Practitioners conduct, please click here.
Overall, the results of the research indicate that improvement scores were found in the companies which had CSR-Ps. This should come as no surprise as, All CSR-Ps have completed CSE’s Certified CSR training and upon completion they created a 2 year Sustainability (CSR) action plan for their company. The reason this is notable is, when implemented, the action plan introduces a carbon footprint strategy and energy reduction plan. This is a practical and measurable strategy which is under review for 4 month by CSE experts and is approved by a third party (IEMA- Institute of Environmental Management & Assessment) to ensure it meets standards and includes a variety of tools for approach. This action plan, implemented by the CSR-Practitioners could have contributed to the improvement in overall CSR ratings.
Keen on having such an impact in your organization? Then always keep an eye out for our upcoming Certified Sustainability & CSR Trainings approved by the Leading UK Institute of Environmental Management and Assessment (IEMA), delivered by CSE in Europe, North America and the Middle East.