Sustainability index 2011

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Sustainability Index (Ilgtspējas indekss) is a strategic management tool designed by business for business. With international scope, the Sustainability Index was developed by wide range of Latvian experts based on best global examples (Dow Jones Sustainability Index and CR Index by Business in the Community).

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Sustainability index 2011

  1. 1. Sustainability I ndex 2011 Dace Avena, Maija K ā le Institute for Corporate Sustainability & Responsibility
  2. 2. Governance of the Index
  3. 3. Governance of the Index
  4. 4. Global know-how www.sustainability-index.com www.bitc.org.uk www.iso.org www.globalreporting.org
  5. 5. Why now? <ul><li>Global focus on sustainability </li></ul><ul><li>Responsible companies in Latvia do not have evaluation of their practice due to lack of standards </li></ul><ul><ul><li>No existent practice of reporting on CSR and sustainability </li></ul></ul><ul><ul><li>GRI G3 guidelines – unused opportunity, one single report in the Baltics </li></ul></ul><ul><li>Currently focus on corporate image and financial results instead of corporate practice: </li></ul><ul><ul><li>Advantages of largest marketing budgets </li></ul></ul><ul><ul><li>Practice may significantly differ from the publically available information </li></ul></ul><ul><li>External drivers : investors, export markets, mother companies, EU </li></ul><ul><li>Lack of knowledge in all levels </li></ul>
  6. 6. Difference Sustainability Index Reputation Top What is being evaluated? Corporate practice Corporate image Who is doing that? Self evaluation with external proof Experts, society What influences the result? Corporate process management, expertise of managers Publicity, history, industry Threshold Companies with tax liabilities or insolvency cannot participate Top 100 (overturn) + 50 (publicity) Consulting, education Free of charge Not necessary Public appraisal Yes Yes Practical application Development of competitiveness and sustainability , new KPIs Selection of suppliers, attraction of investors Personnel training Setting PR goals
  7. 7. Pilot 2010 <ul><li>Very high participation rate </li></ul><ul><ul><li>139 registered </li></ul></ul><ul><ul><li>105 trained </li></ul></ul><ul><ul><li>70 full participants </li></ul></ul><ul><li>Lack of internal demand: NGOs, government, media </li></ul><ul><li>Concept hard to explain briefly </li></ul><ul><li>Challenges: </li></ul><ul><ul><li>capacity of experts </li></ul></ul><ul><ul><li>e ngagement of government </li></ul></ul>
  8. 8. Motivation 2010
  9. 9. Results 2010
  10. 10. Development 2011 <ul><li>Content </li></ul><ul><ul><li>Moving closer to GRI G3 structure </li></ul></ul><ul><ul><li>Extra criteria to incorporate other initiatives (Family-friendly enterprise; Best employer, etc.) </li></ul></ul><ul><li>Capacity </li></ul><ul><ul><li>More experts on board </li></ul></ul><ul><ul><li>Diversification of funding </li></ul></ul><ul><ul><li>Full-time coordinator </li></ul></ul><ul><ul><li>Development of education, training </li></ul></ul><ul><li>Governance </li></ul><ul><ul><li>Institute with transparent funding and control </li></ul></ul><ul><ul><li>Independent management </li></ul></ul>
  11. 11. Content and format <ul><li>Web - based self-evaluation questionnaire </li></ul><ul><li>References to the publically available information (Annual Reports, corporate website, etc.) </li></ul><ul><li>D ata from public registers regarding tax liabilities, fines and insolvency </li></ul><ul><li>High security of data– the individual results will not be publically announced to avoid direct rivalry. Results will be provided in four ranks (platinum, gold, silver, bronze) according to the performance level of the company </li></ul><ul><li>Communication of best practice – case studies </li></ul><ul><li>Participation in the index, evaluation and consulting – free of charge </li></ul>
  12. 12. Sustainability index 2011
  13. 13. Time frame <ul><li>Registration 17 February – 4 March sustainabilityindex.lv </li></ul><ul><li>Education 17 February – 25 March </li></ul><ul><li>Filling questionnaire 4 March – 25 March </li></ul><ul><li>Awards & Index published 12 May </li></ul>
  14. 14. Contacts <ul><li>Maija Kāle </li></ul><ul><li>[email_address] </li></ul><ul><li>t. +371 26114496 </li></ul><ul><li>Twitter: @ilgtspeja </li></ul><ul><li>sustainabilityindex.lv </li></ul>

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