New Report Grades Sustainability Reporting of New York Fortune 1000 Companies
Roberts Environmental Center gives top marks to McGraw Hill, low marks to Citigroup
The report scores companies based on the reporting, intent, and performance of environmental and social sustainability efforts. The research, based entirely on material released on the firms' Web sites, found that several of the largest firms--IBM, Time Warner, Alcoa, and Hess--did very good jobs of publicizing details of their socially beneficial actions and environmental management. Several smaller firms--Pepsi Bottling Group, Avon Products,
"From our previous work on the sustainability reporting of multinationals from many industrial sectors, we were not surprised that larger companies generally performed better than smaller ones," said
To create the report's ranking, Morhardt and his team evaluated each
"In the current business climate, a demonstration of corporate social responsibility is more important than ever," continued Morhardt. "What we are analyzing is the quality of that demonstration--how transparent the companies are with respect to their environmental and social issues, and how good a job they are doing resolving any problems they currently have and avoiding future ones."
The detailed analyses also reveal what social and environmental themes these companies perceive to be most important to the American public today. The research screened Web site content to determine the most frequently reported topics. Companies with environmental achievements tended to tout their accountability and energy efficiency efforts while socially responsible businesses highlighted their superior policies and care for human rights.
To view the complete report, visit: http://www.roberts.cmc.edu/PSI/SectorReports.asp.
About Roberts Environmental Center
The Roberts Environmental Center is an environmental research institute at
"Analysis of Sustainability Reporting in New York Public Companies" Scoring Summary Highest Overall Scores Alcoa Hess Time Warner Highest Environmental Reporting Scores Alcoa Hess Estee Lauder Highest Social Reporting Scores Hess Avon Products Alcoa Lowest Overall Scores IAC/InterActiveCorp Icahn Enterprises NBTY Citigroup