Founding Members are invited to participate and help to shape the offerings for ongoing involvement with the Corporate Sustainability Scorecard. Key points are:
- Timeframe: Q4-2017 through Q1-2018
- Companies Invited:
- Current and past clients of Hedstrom Associates
- Participants in the 2015 Pilot described earlier on this website
- Members of three Conference Board executive Councils (except consulting firms):
- Chief Environment, Health & Safety Officers’ Council
- Sustainability Council I: Strategy and Implementation
- Sustainability Council II: Innovation and Growth
- Current Status (as of February 10, 2018):
- ~65-70 Companies Invited (all Fortune 500 or equivalent size)
- 60 have completed their Company Self-Assessment
- Actions and Involvement of Founding Members:
- Complete initial Company Self-Assessment
- Provide comments on overall system and specific rating criteria
- Help shape refinements to the Scorecard
- Edit their initial Company Self-Assessment
- Using updated refinements to the rating criteria (only ~5-10% of criteria changed)
- Adding / modifying use of the “Highly Important / Relevant to my Company” button
- The goal is roughly 10-20% of (the 157) Key Sustainability Indicators would be marked as “Highly Important”
- Actual practices on initial Self-Assessment varied considerably
- Refining use of “NA” button – also using the new “Don’t Know” button
- Add their Goal Setting – separate module on the web-site
- Create their Gap Assessment
- Complete initial Company Self-Assessment
- Help Shape Scorecard Joining Options
- Participate in group discussions (e.g., Conference Board Council meetings)
- Suggest specific input re benefits and associated costs for various options
- Subscribe as of April 1, 2018 (selecting one of the three options below)
- Option A: Basic Analysis (at 20% discount for first year)
- Option B: Tailored Analysis (at 20% discount for first year)
- Decline for now