Outreach to other indicies and frameworks
Two commonly asked questions are:
1. How does LBG relate to other corporate responsibility indices and frameworks?
LBG has worked with other indices to ensure alignment wherever possible.
The Dow Jones Sustainability Indexes (DJSI)
DJSI are the first global indices tracking the financial performance of the leading sustainability driven companies worldwide. A major development for LBG has been to work with the DJSI ratings agency, SAM, to increase alignment between the DJSI criteria on corporate citizenship and LBG measurement principles. As a result, SAM announced that the DJSI assessment section on corporate community investment "has been reworked to be more aligned with the London Benchmarking Group", and now asks companies to split contributions between cash, time and in-kind as well as incorporating the LBG categories of motivation. The DJSI criteria also incorporate questions on program-wide results which correlate well with LBG's approach to whole-program indicators.
The Corporate Responsibility Index (CRI)
The CRI developed by Business in the Community (BitC) in the UK, bases its questions on measurement of inputs, outputs and impacts squarely on the LBG model. LBG and CRI have worked to align both models, to ensure LBG data can feed directly into the CRI.
The Global Reporting Initiative (GRI)
The Global Reporting Initiative (GRI) is a framework that provides companies with a set of principles and indicators on which to base their Corporate Social Responsibility (CSR) reporting. The LBG input value is a key element of the GRI's main economic indicator (EC1) and LBG data is relevant to other GRI indicators under the economic, social and labour practices headings. The GRI approach and reporting principles are consistent with the LBG methodology, which has been endorsed in GRI sector supplements.