The Truth Will Out: The Tide Is Turning

Primary tabs

The Truth Will Out: The Tide Is Turning

tweet me:
As #susty and #csr has grown, can we now say the tide has turned? http://bit.ly/LTWzBV (via @CSRHUB) #csrtrends
Wednesday, June 13, 2012 - 4:45pm

CAMPAIGN: The Truth Will Out

CONTENT: Blog

The following post is part of a CSRHub series focusing on 10 trends that are driving corporate transparency and disclosure in the coming year. To follow the discussion of each trend, watch for posts on the CSRHub blog every Wednesday.

By Bahar Gidwani

If you’ve ever watched the tide turn, you know that there is a long period where nothing seems to happen then the water suddenly rushes in. The same thing is happening with sustainability as companies rush to take advantage of a surge of interest from consumers, employees and other stakeholders.

While we founded CSRHub in 2007, one of our founders, Cynthia Figge, has been working as a sustainability advisor since 1996. Back in the 1990s, there were few examples of major companies with sustainability programs. A few pioneers on Wall Street, at firms such as KLD, Calvert, Innovest, EIRIS, Vigeo and IW Financial, were starting to gather data on corporate social performance. But, there were no standards for behavior for reporting it, and companies were reluctant to talk about their “softer side.”

To read more about the growth in sustainability data and standards, visit the CSRHub blog >>

Resources

Bahar Gidwani is a Co-founder 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 provides access to corporate social responsibility and sustainability ratings and information on nearly 5,000 companies from 135 industries in 65 countries. Managers, researchers and activists use CSRHub to benchmark company performance, learn how stakeholders evaluate company CSR practices and seek ways to change the world.

CSRHub rates 12 indicators of employee, environment, community and governance performance and flags many special issues. We offer subscribers immediate access to millions of detailed data points from our 140-plus data sources. Our data comes from six socially responsible investing 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.

Keywords: Responsible Business & Employee Engagement | Corporate Social Responsibility | Fortune 1000 | Responsible Business & Employee Engagement | Standards | growth | sustainability

CAMPAIGN: The Truth Will Out

CONTENT: Blog

parse.ly