Benchmarking

The LBG Model is a framework for measuring, benchmarking and reporting a company’s community contributions and achievements. It is not a 'Corporate Social Responsibility' (CSR) ratings system.

However, because the LBG model provides a systematic and robust method for capturing and valuing a company’s community contributions, it can be very valuable for companies who choose to participate in CSR ratings systems.

For companies choosing to participate in the Corporate Responsibility Index, LBG data can be carried across in its entirety to the community category of this rating system.

How does LBG Australia / New Zealand add value?

• LBG is an established, standardised model, which was set up in 1994.
• It is used by close to 200 companies worldwide - many others have adopted the LBG methodology as the basis for their reporting.
• It conforms to the requirements of the Global Reporting Initiative (GRI) and the Corporate Responsibility Index (CRI).
• As part of the management of LBG Australia / New Zealand, data submitted by companies is verified by Haystac Positive Outcomes to ensure it is robust, valid and that companies have applied the model correctly.
• The verification process validates companies' CSR reporting by providing them assurance that the data has been verified by a recognised company.