Responsibility index to set benchmarks

Companies are being invited to sign up for a new Corporate Responsibility
Index.

The index aims to define what corporate responsibility means in practice and
form a benchmarking system.

It has been developed by Business in the Community, working with 80
companies, including Aviva, Diageo, HBOS, Powergen, Severn Trent and Unilever.

All companies in the FTSE 350 have also been invited to join.

It is hoped the index will collate a benchmarking service that covers all
sectors, operating on a worldwide scale.

Companies will be able to go online and compare their management processes
and performance with others in their sector, measure their level of
responsibility, and identify any potential gaps in their performance.

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Business in the Environment’s senior adviser Derek Higgs, said: "Senior
business leaders realise now more than ever that corporate responsibility is
part of running a successful business."

www.bitc.org.uk/crindex