New Study Finds Links Between CSR Reporting and Reputational Risk - The Minute

The work goes on to identify links between CSR and operational performance in business practices and strategies. A recent joint research project by CSRHub, a CSR and sustainability ratings and information database, and RepRisk, a data provider of ESG risk analysis and metrics, finds correlations between perceived CSR performance and reputational risk.

According to the report?s authors, companies that have strong CSR programs in the areas of Human Rights and Supply Chain, Leadership Ethics, and Resource Management, have lower risk exposure, while those companies who have strong programs in Community Development and Philanthropy, Environment Policy and Reporting, or Compensation and Benefits have higher risk exposure. It also appears that those companies with the most sources of sustainability ratings have the most risk exposure. The study finds that the relationship between increased CSR reporting and reputational risk seems to be growing over time. The bottom line? Corporate risk managers should be engaged with their companies? CSR and sustainability programs.

Read the release: http://bit.ly/1H7jeGl

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