Strong progress on corporate responsibility
24th April 2015
Viridor, which supports over 100 UK local authorities, public sector partners and some of Britain’s biggest businesses with essential recycling and resource management services, has been awarded a 3 star rank in Business in the Community’s annual benchmark of responsible business, the Corporate Responsibility Index (CR Index).
The CR Index is a robust benchmarking tool which has helped hundreds of companies measure and manage the progress they are making to integrate responsible business practice into their mainstream business at all levels. It is a rigorous process which assesses 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.
The announcement of the 2015 CR Index has been timed to coincide with Responsible Business Week (20-26 April 2015) an annual initiative to increase awareness of the positive contribution of business in society.
Analysis of the 2015 CR Index data suggests that significant progress is being made to shift responsible business up the corporate agenda with an increase in companies taking social and environmental issues into account when developing new products and making investments. The overall average score of the CR Index has also increased from 85% in 2014, to 91% today, demonstrating the increased relevance of corporate responsibility to business operations.
For Viridor, the award marks a further milestone in its drive towards sustainability. The award, building on its previous two-star ranking, recognises the company’s significant progress in a broad range of key areas procurement, partnerships, people, health, safety energy and environmental management.
Specifically the 2015 award recognises company progress in relation to the business considering social and environmental issues when making strategic decisions such as investments, downsizing, research and development, selection of business partners, and selecting pension fund providers. Moreover, Viridor was recognised for moves to link remuneration or bonus systems to senior managers and Board members’ CR objectives and targets and providing relevant CR training for employees, senior managers and Board members.
Commenting on the announcement, Viridor Chief Executive, Ian McAulay, said:
“With a firm focus on giving resources new life, we are transforming our business, systems and services to add value for our customers, partners and the communities in which we operate. Combined with our £I.5bn investment in recycling and renewable energy social infrastructure, our progress around the three pillars of environmental, social and economic sustainability is central to our work, our purpose and values.
“We’re delighted our work to ensure corporate responsibility is embedded at the heart of our business has been recognised with this three star achievement.”
Melanie Huggins, Head of Corporate Responsibility at Viridor, added:
”I’m delighted with our three-star grading and proud of the steps we’ve made in our ongoing commitment to be a responsible business. Over the last year our teams have helped to develop and deliver even stronger community partnerships across the UK, recognising the many-faceted benefits that real corporate responsibility can bring to customers, communities and colleagues.”
Stephen Howard, Chief Executive, Business in the Community said:
“The 2015 CR Index shows us that we are moving in the right direction and companies are now increasingly integrating responsible business practice into decision making right across the business. To truly change business culture, companies need to engage their people to embrace a different way of doing business with responsible values at the core. So it is especially encouraging this year that we have seen a significant increase in the representation of corporate responsibility, both at board level and amongst the generation of future leaders that will shape the businesses of tomorrow.
“I congratulate Viridor for achieving its ranking and look forward to working together to create a fairer society and a more sustainable future.”
For further information about the 2015 CR Index including the full list of 2015 ranked companies, visit www.bitc.org.uk/crindex.
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