Guest Post-Finally a Sustainability/CSR Ratings Comparison Tool – a look at JustMeans Insights ™ and the Pharmaceutical Industry
Recently 3BLMedia/JustMeans launched JustMeans Insights ™, a data visualization platform for measuring, managing and comparing sustainability performance. The platform provides sustainability practitioners, media and investors with the ability to compare 100+ different environmental, social and governance (ESG) data points among peers and competitors. While there are other Indexs (see the list below) that are used by sustainability professional none of them give you the analytical and industry comparison information at your fingers tips.
• Pacific Sustainability Index (PSI)
• Dow Jones Sustainability Index
• CR Magazine
• SAM Yearbook
• CSR HUB
• Newsweek Green Rankings
• The Global 100
Now what makes JustMeans Insights ™ so exciting to me is the ability to be able to see the rankings from an industry vertical to start.
So while this appears at first to just be another ranking – it is so much more and could be a great tool for sustainability professionals, investors, etc to gain a deeper understanding of a company’s efforts in the following areas by Key Performance Indicators:
• Environmental Performance Indicators (EPIs): Waste, Energy, Water, Emissions, Risk Mitigation
• Social Performance Indicators (SPIs): Product Responsibility, Community, Human Rights, Diversity & Opportunity, Employment Quality
• Governance Performance Indicators (GPIs): Board Functions, Board Structure, Compensation, Vision & Strategy, Shareholder Rights
But what makes it even more interesting is their ability to dive deeper by topic and see how your company scores against your peers – what are the areas that are considered your strengths. As you will see from the below graph about Human Rights Policy, I can see where a particular company compares to its peers. This could be very valuable information for sustainability professionals to be able to quickly see where they stand in relation to others and aid in planning around issues. In other words, this could be a great tool in helping set strategic direction for sustainability efforts and where you might be weak from a communications standpoint since it is populated with publicly available information.
So if you are sustainability professional, I urge you to check out your company and ensure JustMeans has your information correct. Then start thinking about how you can use this to generate awareness both inside and outside your company about your sustainability efforts. What does your company want to be known for and where do you currently compare among your peers? This is a great tool to supply you with the data to assess and determine your ESG strategy for the coming years.