Criteria for selection of organizations as sustainable
Companies are evaluated on the below criteria for them to be listed as sustainable organizations.
How well is the governance for responsible business structured? How forthcoming are companies with respect to responsible business activities & performance?
- Mapping business goals with Sustainable Development Goals
- Board oversight of ESG, CSR and sustainability issues
- Managerial accountability of responsible business issues
- Corporate policies and management systems, such as a signatory to the United Nations Global Compact (UNGC), a formal policy on sustainable practices, a formal CSR policy, etc.
- How forthcoming are companies with respect to responsible business activities and performance?
- Sustainability reports as per standards, such as the GRI reports
- Disclosure in financial filings
- Participation in global projects such as the Carbon Disclosure Project
- External assurance and impact assessment of responsible reporting
How well are key stakeholders (employees, community, customers, and suppliers) integrated within a company’s responsible business framework?
- Employee-centric initiatives
- Customer-centric initiatives
- Community-centric initiatives
- Supplier-centric initiatives
How pervasive are sustainability practices (initiatives and targets to manage waste, water, energy, emissions) of companies?
- Programmes related to waste, water and energy, and targets to reduce their impact
- Promoting sustainable products and services
- Programmes and targets to build sustainable supply chains
- Programmes and targets to build sustainable logistics