Business in the Community’s 2015 CR Index Reveals Strong Progress in Corporate Responsibility
by Vikas Vij
Responsible business is not just about how a business spends its money, but also about how it makes its money. It is about managing corporate growth responsibly while reducing its environmental footprint. It is also about social responsibility, which is how a business operates as an employer, manufacturer, supplier and customer, and how it can help to build vibrant local communities as a neighbor.
Business in the Community, the Prince's Responsible Business Network in the U.K., has released its annual benchmark of responsible business, the Corporate Responsibility Index (CR Index) for 2015. The Index provides an insight into how leading companies are driving responsible business practices and serves as a valuable self-assessment tool. This robust benchmarking tool involves a rigorous process to assess companies against a diverse range of factors, from how engaged their board and senior managers are with responsible business issues to the link between remuneration and CR performance.
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Vikas is a staff writer for the Sustainable Development news and editorial section on Justmeans. He is an MBA with 20 years of managerial and entrepreneurial experience and global travel. He is the author of "The Power of Money" (Scholars, 2003), a book that presents a revolutionary monetary economic theory on poverty alleviation in the developing world. Vikas is also the official writer for an international social project for developing nations "Decisions for Life" run in collaboration between the ILO, the University of Amsterdam and the Indian Institute of Management.
