In an effort to assess the advancement of corporate sustainability in the southeast, Stephanie Armistead, president and CEO of GreenBusiness Works, and Mark Callaway, Financial Analyst, co-founded the Southeastern Corporate Sustainability Rankings. Each year, companies are evaluated on their environmental, social, governance (ESG) progress and top companies in each state are recognized for their achievements at an elegant Awards Event held the first Tuesday in May.
The Southeastern Corporate Sustainability Rankings are the only ranking of companies headquartered in the SE region on these issues.
Beginning 2011, CRD Analytics has been named the metrics organization to supply the measurement and evaluation for the Rankings. CRD, using its proprietary investment analytics platform,SmartView, screens and ranks companies based on 175 quantitative financial, environmental, social, and governance performance metrics. SmartView measures sustainable performance and force ranks the best and worst in class companies in every sector and industry.
To understand the Rankings is to understand the methodology and framework. The Southeastern Corporate Sustainability Rankings are based upon the Global Reporting Initiative (GRI) framework. GRI, a non-profit, is widely recognized as the standard for corporate sustainability reporting. Their mission is to make sustainability reporting standard practice for organizations. (For those who are interested, they make the framework for reporting available for all organizations.) GreenBusiness WORKS and the Rankings have joined the mission of the GRI as organizational stakeholders.
To qualify, a company must be publicly traded on a major global exchange, have a minimum market capitalization of $100 Million USD as of June 30th, 2010 and headquartered in the Southeast. Companies must have produced a publicly available sustainability or corporate responsibility (CSR) report with a full year of ESG data for their 2010 calendar year before December 31st, 2011.
Click here to see how companies ranked in the in the 2010 and 2011 Rankings.
The SmartViewTM 360 Platform, powers global sustainability indexes, rankings and investment portfolios such as the NASDAQ CRD Global Sustainability Index (QCRD), the Global 1000 Sustainable Performance Leaders on Justmeans and now the Southeastern Corporate Sustainability Rankings.
CRD’s thesis is that corporations that have full disclosure on real quantitative performance metrics both financial and ESG are better-managed companies and better positioned to outperform on both a relative and absolute basis.