[…] Terra Nova developed a robust financial tool, known as the Variable EcoVadis Scenario Projection Analysis (VESPA) model, in order to ensure that all of its strategic recommendations were underpinned by thorough financial forecasting and robust data analysis. This rigorous and methodological approach resulted in a suite of three strategies, all supported by actionable tactics that, if employed, would allow EcoVadis the greatest chance at success in achieving its goal of dominating the US market.
One objective of PlatinumCSR.org is to make you aware of problems which may be caused by allowing EcoVadis to dominate the CSR assessment business.
What Gets the Worst Marketing ROI? Your Corporate Social Responsibility Report
Three Ways to Improve the Value of Your CSR Report
By Paul Klein. Published on September 26, 2014.
Finally, CSR reporting has become a case of the tail wagging the dog. There is a growing industry of suppliers that specialize in defining, collecting and packaging environmental, social and governance (ESG) data. This industry advocates for annual reporting but, given the results, the current model seems to be driven by self-interest rather than real value.
The real value (and objective) could be reduced scrunity.