IW Financial provides research, applies CRO criteria to methodology for lists
PORTLAND, Maine (April 23, 2010) — Corporate Responsibility Officer (CRO) Magazine today published its 11th annual 100 Best Corporate Citizens List™. Based on criteria defined by CRO, the list ranks Russell 1000™ companies on their performance in seven key areas: Environment, Climate Change, Human Rights, Philanthropy, Employee Relations, Financial and Corporate Governance. This is the third year that IW Financial has provided the sustainability research and applied the CRO criteria to develop the list.
"IW Financial's research on Russell 1000 companies and their expertise in developing ranking methodologies has been integral to CRO's 100 Best Corporate Citizens List since 2008," said Jay Whitehead, President and Publisher of CRO. "This year, for the first time in our publications history, we are highlighting some of the companies with worst practices. We believe that providing examples of both best and worst practices is the best way to help raise the bar when it comes to responsible corporate citizenship."
IW Financial worked closely with the CRO and CRO members to develop a methodology that reflects CRO's definition of corporate citizenship. The methodology reflects the membership's consensus on best practices and rewards companies with high levels of public disclosure and transparency.
"There are a lot of factors that can be considered components of corporate citizenship and sustainability. We collect over 1000 discrete data points on sustainability issues and assist our clients in making their own determinations about what is important. We then facilitate their analysis with objective research and analytics," said Mark Bateman, Director of Research at IW Financial. "The CRO is a good example of this approach to applying our research."
The 2010 CRO list comes at a time when both companies and investors are increasingly recognizing the benefits of good corporate citizenship.
"Sustainability issues are increasingly seen as impacting enterprise value," said Sam Pierce, CEO of IW Financial. "We're excited about helping our clients understand and assess that relationship."
About IW Financial
IW Financial is a leading provider of environmental, social, and governance (ESG) research, consulting and portfolio management solutions for asset management firms, managed accounts sponsors, institutional investors, plan sponsors, and investment advisors.
With its unique combination of investment industry expertise, unbiased research, and technology solutions, IW Financial helps industry professionals capitalize on growing investor demand by incorporating ESG factors into investment platforms, products, and portfolios, adding value to the money management process while strengthening client relationships.
For more information on IW Financial visit www.iwfinancial.com.