Veolia achieved a prestigious four star rating through the innovative changes it has made to the business in order to tackle long term environmental and social challenges. The business drove corporate responsibility and sustainability values through its core business strategy and demonstrated a commitment to provide sustainable products and services, engage with stakeholders whilst developing robust workplace practices.
The achievement recognised its work in community engagement programmes notably from the development of a Social Return on Investment methodology to calculate the social value it brings through its contracts and activities.
Commenting, Estelle Brachlianoff, Senior Executive Vice President for Veolia in UK and Ireland said: “Over the last two years we have been changing the landscape of environmental management with our new Resourcing the World strategy – manufacturing green products and green energy whilst preserving precious resources. Sustainability is at the heart of what we do – both in terms of social responsibility and environmental performance.”
Stephen Howard, Chief Executive, Business in the Community said: “The 2015 CR Index shows us that we are moving in the right direction and companies are now increasingly integrating responsible business practice into decision making right across the business. To truly change business culture, companies need to engage their people to embrace a different way of doing business with responsible values at the core. So it is especially encouraging this year that we have seen a significant increase in the representation of corporate responsibility, both at board level and amongst the generation of future leaders that will shape the businesses of tomorrow.
“I congratulate Veolia for achieving its ranking and look forward to working together to create a fairer society and a more sustainable future.”
The CR Index is a robust benchmarking tool which has helped hundreds of companies’ measure and manage the progress they are making to integrate responsible business practice into their mainstream business at all levels. It is a rigorous process which assesses companies against a diverse range of factors, from how engaged their board and senior managers are with responsible business issues to the link between remuneration and CR performance.
Today’s announcement of the 2015 CR Index has been timed to coincide with Responsible Business Week (20-26 April 2015) an annual initiative to increase awareness of the positive contribution of business in society.