The Southern Co-operative has today been recognised in Business in the Community’s annual benchmark of responsible business, the Corporate Responsibility Index (CR Index).
Since 2002, the CR Index has provided unique insight into how businesses are driving the responsible business practice that will help secure a sustainable future. The 2014 CR Index, which is being launched as part of Responsible Business Week (31 March – 4 April), provided a more challenging set of questions than ever before and its findings indicate that real the progress is being made by UK companies to integrate responsible behaviour into their business. This includes a growing understanding that responsible business provides mutual benefit, with two in three CR Index companies evaluating the economic value of CR to the business.
(pictured), said: “Changes to the Index this year have raised the bar even higher for participants, so as a first time entrant this is a fantastic achievement for The Southern Co-operative. Ranking ranges from 1 star through to 5 stars, which is the highest ranking. Our 2 star ranking, awarded for achieving a score of 79%, reflects the work undertaken to develop our new Sustainability Plan – ‘Making a Difference’ , the steps being taken to integrate this into our day-to-day business practices and the progress we’ve made improving energy efficiency and waste management, supporting and engaging our local communities and ensuring we trade responsibly.”
Stephen Howard, Chief Executive, Business in the Community said: “The 2014 CR Index shows us that companies are making real progress to integrate responsibility throughout their operations. We know that companies are now increasingly discussing CR at board level, transforming company culture through embedding CR into training, and unlocking innovative products and services by looking ahead to the long-term challenges and opportunities of responsible business. Crucially, this shift is being driven by a tranche of responsible leaders that understand the new contract now required between business and society to drive change.
“I congratulate The Southern Co-operative for achieving a 2 star rating because it demonstrates a clear commitment to an integrated approach to being a responsible business. We look forward to working with The Southern Co-operative to challenge and support them towards creating a fairer society and a more sustainable future.”
Responsible Business Week (31 March – 4 April) is the only week dedicated to responsible business that is run by the charity Business in the Community. Responsible Business Week aims to inspire, equip and challenge businesses to do more to meet the world’s most pressing needs. You can follow the conversation at #RBWeek.
Full results are published at http://www.bitc.org.uk/services/benchmarking/cr-index/results-and-insight-2014