Viridor’s responsible business strategy recognised
20th April 2016
In addition to boosting sustainable resource management for the UK’s leading businesses and public partners, Viridor has again been recognized for its own responsible business strategy.
The company, which has invested £1.8bn in the UK’s largest network of materials recycling and energy recovery facilities, has been listed in Business in the Community’s annual Corporate Responsibility Index (CR Index).
The CR Index helps businesses to assess how successfully they are integrating responsible business practice into their operations by assessing factors ranging from a company’s culture and values to its environmental impact and transparency over pay policies.
Viridor achieved a score of 2.5 stars. The 2016 CR Index is published as part of Responsible Business Week (18-22 April 2016 #RBWeek) an annual campaign to inspire and more businesses to take action which creates positive change in society – while raising awareness of the action business is taking.
2016 CR Index data reinforces the importance of the leadership when integrate responsible business practice into operations. Over half of participants have formally assessed the skills required of their board, compared to just 10% two years ago, while 90% of firms provide training for leaders to help them shape businesses that will grow sustainably.
Companies are also recognising the wider impact of their supply chain with 4 in 5 setting targets that suppliers must adhere to and 3 in 4 providing support to help suppliers meet these targets. The average score of the CR Index has remained high at 90% demonstrating the continued relevance of corporate responsibility to business operations.
Inder Poonaji, Director of Sustainability for Viridor said:
“Just as we’re transforming waste for our partners, we’re transforming the sustainability of our business. We’re embedding sustainability at the heart of our business, creating shared value with our employees, partners, stakeholders, communities and local environments.”
Stephen Howard, Chief Executive, Business in the Community said:
“Genuine responsible business starts in the engine room of companies. It’s about how companies translate their values into behaviour and decision making, create the right culture and drive societal and economic value in the process. The CR Index helps companies take an depth look at their business from the inside out and it’s encouraging to see companies increasingly integrated responsible business into business at all levels.
“This year’s Index also reinforces the opportunity companies have to think much longer term to address pressing issues such as climate change. 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 2016 CR Index including the full list of participating companies, please visit www.bitc.org.uk/crindex.
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