Good 360
MEDIA, JOBS & RESOURCES FOR THE COMMON GOOD
NEWS  |  Corporate Engagement, Good Business

Rating the Raters: Move to Streamline Sustainability Assessments


Wednesday, 15th January 2014 at 8:40 am
Staff Reporter, Journalist
A new sustainability watchdog has released the core principles to be used to accredit the rating systems evaluating corporate performance worldwide.

Wednesday, 15th January 2014
at 8:40 am
Staff Reporter, Journalist


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
Rating the Raters: Move to Streamline Sustainability Assessments
Wednesday, 15th January 2014 at 8:40 am

A new sustainability watchdog has released the core principles to be used to accredit the rating systems evaluating corporate performance worldwide.

The US-based Global Initiative for Sustainability Ratings (GISR) will not rate companies on sustainability measures, but will instead accredit sustainability ratings, rankings or indices that meet certain standards of excellence for assessing corporate sustainability performance.

Currently, more than 100 rating systems are evaluating the ESG performance of more than 10,000 companies using more than 400 issues and 2,000 indicators.

GISR is a global Not for Profit initiative that aims to accelerate the integration of environmental, social and governance (ESG) issues and indicators into global financial markets and investment decision-making.

Business sustainability Not for Profit Ceres and sustainability research and policy organisation the Tellus Institute drove the development of the GISR, beginning in 2011,  to further harmonise and expand the global market for high quality sustainability ratings, rankings and indices in collaboration with the sustainability ratings community, NGOs, investors and companies.

The release follows a year-long consultation process that included input from corporate giants Aviva, Deutsche Bank, Bloomberg L.P., BBVA, TIAA-CREF and UBS who are members of GISR’s core committees; and AMD, UPS, Vale, Disney, Bosch and Bayer who are members of GISR’s technical working group.

GISR Founder Allen White said the number of investor, company and NGO participants in various GISR activities had doubled over the past 12 months, a trend that he expected to continue in 2014.

“The hundreds of comments received on the draft principles provide additional evidence of GISR’s growing worldwide profile,” he said.

“GISR is seeking to highlight leading groups doing an excellent job of rating corporate sustainability performance, while encouraging all raters to achieve a continuously higher level of excellence.

“That doesn’t mean there’s only one credible way to measure sustainability performance, but it does mean that credible systems should rest on certain common principles.

“Once they know which ratings systems align with such principles, we anticipate a major expansion of the ratings market worldwide.”

The full GISR accreditation scheme remains under development.


Staff Reporter  |  Journalist |  @ProBonoNews


FEATURED SUPPLIERS


...


NGO Recruitment is Australia’s not-for-profit sector recru...

NGO Recruitment

Brennan IT helps not-for-profit (NFP) organisations drive gr...

Brennan IT

Helping the helpers fund their mission…...

FrontStream Pty Ltd (FrontStream AsiaPacific)

More Suppliers


YOU MAY ALSO LIKE

About a Brand – The Leadership Battle for NFPs

John Carroll

Thursday, 6th July 2017 at 8:27 am

Leadership is About Who You Are, Not What You Do

Wendy Williams

Monday, 20th February 2017 at 8:05 am

Trumping the Politics of Fear – a Critical Role for the NFP Sector

David Crosbie

Thursday, 2nd February 2017 at 8:10 am

Reference Checking – How Can the NFP Sector Get It Right?

Mike Brett

Monday, 10th October 2016 at 9:44 am

POPULAR

Red Cross Moves to Wage-Based Fundraising Model

Lina Caneva

Thursday, 16th November 2017 at 8:30 am

Concerns Raised Over New ACNC Board Appointments

Luke Michael

Monday, 20th November 2017 at 2:28 pm

New Same-Sex Marriage Bill Looks to Protect Faith-Based Charities

Luke Michael

Monday, 13th November 2017 at 5:25 pm

Adelaide at the Vanguard of Ending Street Homelessness Globally

Wendy Williams

Tuesday, 21st November 2017 at 8:43 am

Write a Reply or Comment

Your email address will not be published. Required fields are marked *


Good 360
pba inverse logo
Subscribe Twitter Facebook

Get the social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!