Central England Co-operative has been listed in Business in the Community’s annual Corporate Responsibility Index (CR Index) – winning two and a half stars.
The CR Index helps businesses to assess how successfully they are integrating responsible business practice into their operations by assessing factors ranging from a company’s culture and values to its environmental impact and transparency over pay policies.
Central England Co-operative achieved a score of 87 per cent, which means it has achieved two and a half stars in the Index.
The average score of the CR Index has remained high at 90 per cent demonstrating the continued relevance of corporate responsibility to business operations.
The listing comes as Central England Co-operative announces a new scheme which will see hundreds of life-saving defibrillators installed in outlets across the Society’s trading areas – in addition to those it has already placed.
The supermarket has previously raised £1 million for Newlife Foundation which helps children with disabilities and terminal illness.
Responsible Business Week
The 2016 CR Index is published as part of Responsible Business Week which is running from 18-22 April.
The annual campaign aims to inspire more businesses to take action to create positive change in society – while raising awareness of the action business is taking.
CR Index data for this year reinforces the importance of the leadership when integrating responsible business practice into operations.
Improvements include over half of the participants formally assessing the skills required of their board – compared to just 10 per cent two years ago.
And 90 per cent of the firms are providing training for leaders to help them shape businesses that will grow sustainably.
Companies are also recognising the wider impact of their supply chain with four in five setting targets that suppliers must adhere to and three in four providing support to help suppliers meet these targets.
Martyn Cheatle, Chief Executive, Central England Co-operative, said: “As a co-operative and a responsible business we’re delighted to achieve two and a half stars in the ranking within the 2016 CR Index; it’s something that all areas of the Society have been working hard towards.
“We have been recognised for work on a variety of initiatives including reducing waste, managing the supply chain, developing community partnerships, raising funds for charity and working with young unemployed and will continue to build on these in the future.”
Business in the Community
Stephen Howard, Chief Executive, Business in the Community, said: “Genuine responsible business starts in the engine room of companies.
“It’s about how companies translate their values into behaviour and decision making, create the right culture and drive societal and economic value in the process.
“The CR Index helps companies take an depth look at their business from the inside out and it’s encouraging to see companies increasingly integrated responsible business into business at all levels.
“This year’s Index also reinforces the opportunity companies have to think much longer term to address pressing issues such as climate change.
“I congratulate Central England Co-operative for achieving its ranking and look forward to working together to create a fairer society and a more sustainable future.”
• For further information about the 2016 CR Index including the full list of participating companies, please visit here