BENEFITS
Based on a set of core principles devised by the Institute of Business Ethics, the GoodCorporation Standard provides a framework for companies wanting to develop, manage and monitor responsible business practices.
GoodCorporation members are true leaders in corporate responsibility. They are able to show with real credibility that they have business practices that work in a fair and responsible way.
The assessment helps an organisation to:
- Systematically measure business practices to make sure that they are working in a fair, transparent and responsible way
- Understand how employees, customers, suppliers and other stakeholders perceive these practices to work in reality
- Make improvements to practices where issues are identified
- Communicate clearly their corporate responsibility performance to stakeholders
Benefits of Assessment against the GoodCorporation Standard
Feedback from our clients about the key benefits of assessment
Benefits of Assessment against the GoodCorporation Standard:
Ensures credibility
Independently assess an organisation’s policies and practices
Gives vital feedback
Checks with stakeholders that practices really work in a fair and responsible way
Is practical to implement
Offers an accessible and straightforward framework
Allows performance to be measured and compared
Provides a corporate responsibility benchmark
Distinguishes the organisation to customers, employees and investors
Awards a certification mark for successful organisations
Is truly a global standard
Works for all, regardless of sector size or location
Makes a flexible business tool
Can be expanded to cover specific needs
Protects sensitive information
Is confidential
Provides value for any organisation
Is cost effective
Feedback from our clients shows that the key benefits of assessment include:
An Independent Feedback Mechanism
- We undertake confidential interviews with a large sample of people who are directly associated with or affected by the organisation’s operations and activities, this enables them to provide honest, invaluable feedback without fear of recrimination
- Through these interviews, we help the organisation to understand how it is really perceived to work
A Best Practice, Corporate Responsibility Benchmark
GoodCorporation’s measurement tools provide the organisation a corporate responsibility benchmark.
- We compare an organisation’s annual CSR performance using criteria like size, sector, type of organisation and region against a benchmark of other organisations
- We help an organisation to evaluate its current performance in each of the 62 areas of business in our assessment, covering all key stakeholders
- We provide an independent review of business practices that can be used to communicate with regulators, employees, potential customers and the general public
Risk Management
The GoodCorporation assessment is a risk management tool that enables organisations to identify weaknesses in their business practices and relationship management, thereby:
- Identifying issues before they become a problem and saving valuable management time and expense
- Identifying where the organisation is not working and providing the organisation with clear guidance on how to address any deficiencies
- Helping the organisation to prioritise actions needed to improve business practices.
Ease of use, Flexibility
- We provide an assessment that can be tailored to meet the needs of any type of organisation. We have assessed organisations ranging from owner managed businesses to global corporations.
- We have also adapted the assessment to make it work in not-for-profit organisations and in an organisation’s supply-chain
- We have now worked in more than 30 countries and have learnt how to apply the assessment to many different culture environments.
To learn more about how the GoodCorporation assessment can benefit both you, your employees, customers and other stakeholders, read A Virtuous Circle taken from GoodCorporation’s series of programmes made with the BBC - Good Company Bad Company.
To learn more about how some corporations use the GoodCorporation assessment, click here.
For a complete list of the organizations we work with, please click here |
