CSR Analytics, CSR News

Sweden leads in Sustainability Transparency!

05 June 2012 –  Center for CSR Development (Ukraine) and Beyond Business (Israel) launched the Global Transparency Index (www.gtindex.net), which ranks the sustainability transparency of web-sites of leading corporations  around the world. Of the five countries ranked to date, Swedish companies demonstrate the highest transparency.

Maryna Saprykina, Centre for CSR Development in Ukraine, says: “Customers want increased transparency of companies, companies want more trust from stakeholders. The Global Transparency Index is a new and important tool which meet these needs of both customers and companies. It helps to identify the sustainability performance of companies, and improve their transparency”.

The Global Transparency Index (GTI) is the only global sustainability transparency ranking of the web-sites of largest public companies. The GTI methodology was developed in 2009 (revised in 2012) and ranks corporate websites against four key dimensions of sustainability disclosure: Reporting, Content, Navigation and Accessibility, producing a truly global, all-sector ranking of how corporations disclose their sustainability performance and impacts. The methodology is fully comparable against company size, , sector, country location and status of sustainability performance and can be used as a valuable benchmark for understanding which leading public companies are truly committed to transparency and to what degree this commitment is demonstrated.   

Elaine Cohen, CEO of Beyond Business said: “Transparency is a catalyst for performance improvement. Companies who make details of their sustainability programs and performance accessible to stakeholders are able to build trust more effectively and may gain valuable input which will helps them improve their impacts on society and the environment.”

The new web-site, www.gtindex.net, presents  the sustainability transparency of the top 25 companies in five countries, Belgium, Denmark, Israel, Sweden, and the U.S. and gives rankings by company, by country and by sector. Additional countries are added on a monthly basis.

Of the five countries evaluated to date, Swedish companies rank highest with an average sustainability transparency of 65%. The U.S. and Denmark follow with 64% and 57% respectively.

Companies analyzed in the Global Transparency Index (GTI) may display a Transparency Badge on their website. To support Transparency Leaders, GTI offers a Transparency Badge completely free of charge for the 3 top ranking companies in each country.

Companies who wish to know more about the transparency of their competitors or peer companies may purchase a Transparency Analysis, which we are able to develop from our extensive database of corporate web-site transparency. The transparency analyses are available by company, or group of companies, by country or by sector or to meet any custom requirement.

More information: www.gtindex.net.

Contact:

Dmytro Kaba, Centre for Corporate Social Responsibility Development, phone/fax: +38 044 280 11 47, e-mail:  dk@csr-ukraine.org

Iris Rakovitzky, Beyond Business Ltd, phone: +972-3-5607030, e-mail:  info@b-yond.biz

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Beyond Business is a consulting firm with a difference that makes a difference! Beyond Business Ltd was founded in 2005 and specialises in assisting businesses in developing their social and environmental responsibility, from the development of initial strategy, through implementation of policies and programs, to Sustainability Reporting and Assurance.

Centre for CSR Development: Leading CSR expert organization in Ukraine, member of the Board in the UN Global Compact (2010-2012), GRI Organizational Stakeholder, national partner of CSR Europe (Brussels) and World Business Council for Sustainable Development (Geneva). Organization unites 29 companies in Ukraine. The Centre provides consultation on development of CSR strategy, programs and communications, organization of project monitoring and evaluation, preparation and verification of non-financial reporting.

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