Tips for Setting Up a Corporate Disclosure System

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Tips for Setting Up a Corporate Disclosure System

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How to get started on a corporate disclosure system via @CSRHUB. #CSR #sustainability http://bit.ly/nVNgx6
Monday, September 12, 2011 - 9:10am

CONTENT: Blog

This article was originally posted on the CSRHUB blog.

By Bahar Gidwani

In a couple weeks, we at CSRHUB will have the pleasure of hosting a panel at the Commit!Forum in New York on the risks and opportunities of Corporate Disclosure.  I’ve been lucky enough to get a great group of panelists and I’m sure we’ll have a lively discussion. 

During the prep for the meeting, I gathered advice from these experienced CSR professionals about many issues, including how to get started with sustainability disclosure.  They gave me several great tips that I felt I should pass on. 

Get the CEO to buy in.  No new way of doing things will survive long inside a large company, without support from the top.  Adopting a sustainability program requires a change of culture and the CEO must support the transformation.

Set up a system.  There are tools you can buy for tracking sustainability information.  Or, you can add something to your existing systems.  But without some way to measure progress, your disclosure effort is likely to lose direction and flounder.

Get employees to buy in.  Express the benefit of disclosure — your goals — in terms that will attract employee interest and support.  They can then discuss your plan, add their own innovative ideas, and help you communicate it to others.

Continue reading about tips for setting up a corporate disclosure system. 

 

Bahar Gidwani is a Cofounder and CEO of CSRHUB. Formerly, he was the CEO of New York-based Index Stock Imagery, Inc, from 1991 through its sale in 2006. He has built and run large technology-based businesses and has experience building a multi-million visitor Web site. Bahar holds a CFA, was a partner at Kidder, Peabody & Co., and worked at McKinsey & Co. Bahar has consulted to both large companies such as Citibank, GE, and Acxiom and a number of smaller software and Web-based companies. He has an MBA (Baker Scholar) from Harvard Business School and a BS in Astronomy and Physics (magna cum laude) from Amherst College. Bahar races sailboats, plays competitive bridge, and is based in New York City.

CSRHUB is a corporate social responsibility (CSR) ratings tool that allows managers, researchers, consultants, academics and activists to track the CSR and sustainability performance of major companies. We aggregate data from more than 100 sources to provide our users with a comprehensive source of CSR information on nearly 5,000 publicly traded companies in 65 countries. CSRHUB is a B Corporation. Browse our ratings at www.csrhub.com.
 
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Keywords: Business & Trade | CSR | CSRHUB | Corporate Responsibility | Corporate Social Responsibility | SRI | Sustainability | corporate disclosure | how to set up a disclosure system | socially responsible investing

CONTENT: Blog