Eco-Coach

Green your life at home, work & play

New online tool helps businesses track impacts through their supply chain May 2, 2012

You want your company to improve its community and eco-image and along with that, you want to know what your suppliers are doing to spiff up theirs as well.  It can be a large investment of time to read through every company report – annual, sustainability, CSR – wading through the rhetoric, not to mention dozens of corporate rating and ranking lists of best and worst performers to find out.  But now there is a much faster way to get an understanding from multiple angles of just how responsible those companies are by using CSRHUB*.  This new service offers free and subscriber options for accessing social and environmental ratings based on a wide array of sources to achieve a more unbiased view of a company’s performance.

While still in development stages, CSRHUB has ratings for about 5000 companies worldwide so far.  The ratings are based on four scales – community, employees, environment, and governance.  Ranked search results by industry are based on your settings for the four adjustable scales depending on how you value each.  There are also special issues of concern (accessible with a paid subscription) to use in further filtering results, such as nuclear power connections, board diversity, and involvement with pesticides/pollutants.  Also with a subscription, users can save search results and export them in spreadsheet format.

The CSRHUB site is set up so that you can go directly to a particular company’s rating page or you can search for groups of companies by industry, region or data source.  They currently have over 130 sources that they access for data to consider when rating a company.  These range from the Calvert Social Index to EPA Climate Leaders list to Working Mother magazine’s list of mother-friendly companies.  The entry for each company (when accessing the database as a subscriber) lists basic contact information, their overall and individual scale ratings (based on your preference settings), sources of data that were used in determining their rating, ratings history (graphically by month), and optional reports to purchase.  There are also typically links to recent articles pertaining to CSR topics where the company was mentioned and even current job openings listed.

Access to the basic search and CSR ratings features are available without even registering for the service.  But by registering you get the added benefits of creating unlimited profiles and lists of companies.  These can be shared with other users as well.  Registering also allows you to post to their discussion forums.  For those who want more access to the large amount of data and ratings (segregated into 12 subcategories) on CRSHUB, subscriptions on a personal or professional level are available.  Personal level access can be purchased on a monthly or annual basis for as little as $8/month.  A chart of the features by subscription status is available.

And have no doubt that they embrace their mission fully—CSRHUB recently elected to become a B Corporation.  B Corp status is a relatively new legal designation for companies that do not want to be confined to the traditional corporate dictate of profit above all else.  Currently a handful of states have passed legislation to allow B Corp status with another handful considering such legislation.  From CSRHUB’s website:

B Corps use the power of business to solve social and environmental problems.  Unlike traditional corporations, B Corps agree to meet social and environmental performance standards, disclose their performance so that it is transparent, and include consideration of all stakeholder interests in their legal structure…. We are part of a community that intends to change the world and we need to show that we have whole-hearted dedication to our cause.

Since CSRHUB is still growing and expanding their database, they appreciate all feedback from users and potential users.  They want to hear from businesses and individuals about what CSR issues concern them most, which special issues are of greatest interest, how the data is being used, and how the site/service can be improved.  Here’s your chance to guide this data tool in a direction that helps save you time and gives you valuable information regarding your current and potential business partners.’

*We are not in any way affiliated with this tool

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