AccountAbility Launches Accountability Rating 2007
The Accountability Rating™ is produced by AccountAbility and CR consultancy csrnetwork to measure how all of the world's biggest companies build responsible practices into the way they do business. In its fourth year, the Accountability Rating rigorously assesses the information that companies themselves put into the public domain, as well as data on their actual social and environmental performance.
This year, for the first time, the Accountability Rating includes performance data from investment research information provider ASSET4 which is contributing information on key global indicators covering environmental, social and governance issues, such as progress towards climate change targets and recent public controversies.
The final top ten list in 2007 is:
1. BP
2. Barclays
3. ENI
4. HSBC Holdings
5. Vodafone
6. Royal Dutch Shell
7. Peugeot
8. HBOS
9. Chevron
10.DaimlerChrysler
To see the full 100 list, please click here.
Key findings of this year’s Accountability Rating are:
- There has been an increase in the accountability of the G100. To “make it” as a global player, accountability needs to be embedded into company operations. This year the average performance has risen 3.6% from 2006;
- Companies headquartered in Europe are the most accountable, with a small sample of Asian companies outperforming American firms. The Rating shows that US companies perform well in managing their impact, with General Electric leading the G-100 on impact score. Hewlett-Packard is the fifth best company at embedding social and environmental issues into its strategy. However, the Rating also shows that US companies are weak on stakeholder engagement, with the 34 US companies in the G-100 scoring an average of 13.6%, lower than the average of 25.8%. Automobile and oil and gas companies score well again in 2007.
- Oil, gas and automotive sectors outperform the average, reaffirming that those in the global spotlight facing the toughest challenges, tend to progress furthest and fastest.
- Retail and FMCG sectors under-perform the average, suggesting that some global brands may need to invest more in strategy, systems and engagement as consumers increasingly hold them to account.
- Accountability is becoming more strategic. G100 companies are learning how to build sustainability into business strategy: year-on-year growth has been greatest (4.1%) in this domain since 2006.
For more information including detailed results of this year's Accountability Rating survey visit www.accountabilityrating.com.
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