Center for Corporate Citizenship Austria First CSR Ranking for Austrian Companies

Transcription

1 Center for Corporate Citizenship Austria First CSR Ranking for Austrian Companies Copyright 2005 by Center for Corporate Citizenship Austria Seidlgasse 21/ Vienna Telefon +43 (0)

2 Companies with Responsibility The notion of corporate social responsibility has become the subject of growing discussion in recent years. Numerous initiatives have been founded and implemented in both the political and business sectors. An important sign of this pioneering development is the first corporate responsibility ranking in Europe, which was carried out in Germany at the start of the year and published in the January issue of manager magazine. This review, which was proposed and implemented by Kirchhoff Consult AG, also involved the Center for Corporate Citizenship in Germany ( under the direction of Prof. Dr. André Habisch. With the technical support of Prof. Dr. André Habisch, the Center for Corporate Citizenship Austria ( was founded to develop and pursue new solution models for corporate social responsibility, in keeping with the example set by its partner organization. The Center for Corporate Citizenship in Germany brought its experience from the first ranking of the most responsible companies in Europe to Austria in cooperation with the Dr. Karl Kummer Institute in Vienna. The criteria developed in Germany were modified to meet the local conditions that influence Austrian companies, and the first Austrian corporate responsibility ranking was carried out in autumn Following the example set by the German ranking, the 70 largest Austrian companies (based on the Trend TOP 500 with the addition of banks and insurance firms) were subjected to an evaluation to select the TOP-30 companies that successfully combine their business functions with a sensitivity to and awareness of social responsibility. This ranking covers the entire scope of corporate activities and focuses on the following key areas of corporate responsibility: Employees Society Environment Capital market / financial performance

3 The ranking was based on the following criteria: Segment Employees 1) Compensation 2) Personnel development 3) Utilization of potential 4) Ethics and motivation 5) Openness Segment Social engagement 1) Focus on corporate strategy 2) Firm commitment throughout the company 3) Advantages recognizable for the company 4) Evaluation and communications (business case) 5) Focus on problems, degree of innovation in commitment 6) Social embedding and networks 7) Social sensitization (social case) Segment Environment 1) Ecological efficiency 2) Ecological innovation 3) Integration of environmental factors in management processes 4) Environmental communication and cooperation Segment Capital market / financial performance 1) Equity ratio 2) Cash flow 3) Total Shareholder Return 4) EBIT margin Segment Internal and external transparency 1) Total based on the cumulative individual valuations Selection of companies: The selection pool comprised the 70 largest Austrian companies as defined by the Trend TOP 500 ranking, plus banks and insurance companies. The following method was used to compile the ranking: Publicly available documents were gathered on the selected companies, and all companies were informed of the review in writing and invited to submit additional materials that would further explain their CSR performance. These materials were analyzed using qualitative and quantitative (financial area) methods and subsequently ranked. These materials included: 1) Annual reports and sustainability reports 2) Social reports 3) Information brochures

4 4) Media information on the company and press releases 5) Website 6) Specific company documents etc. Process: Center for Corporate Citizenship Austria in cooperation with the Dr. Karl Kummer Institute, Vienna with the technical support of Univ. Prof. Dr. André Habisch, Cath. University of Eichstätt-Ingolstadt and Kirchhoff Consult, Hamburg-Zurich-Vienna Partners / Sponsors: 1) RespAct Austria 2) Casinos Austria Members of the jury: Ursula Haubner, Austrian Minister of Social Affairs Wolfgang Katzian Wolfgang Mazal André Habisch Klaus Kirchhoff Josef Taus Leo Wallner Timing: The top 30 companies were announced on November 19, 2005 in the newspaper Wirtschaftsblatt and honored by the Austrian Minister for Social Affairs and Generations at a reception on December 2, 2005.

5 Ranking of the TOP 30 Companies in Austria Rank 1 EVN AG 2 OMV Aktiengesellschaft 3 Siemens Aktengesellschaft Österreich 4 Wienerberger AG 5 Erste Bank der Österreichischen Sparkassen AG 6 Philips Austria GmbH 7 Böhler-Uddeholm AG 8 Lenzing AG 9 Agrana Beteiligungs-AG 10 Spar Österreichische Warenhandels AG 11 Bank Austria Creditanstalt AG 12 Mayr-Melnhof Karton AG 13 Henkel Central Eastern Europe GmbH 14 Magna Steyr Fahrzeugtechnik AG & Co KG 15 Telekom Austria AG 16 Verbund Austrian Power Trading AG 17 Constantia Packaging AG 18 Casinos Austria AG 19 Voestalpine AG 20 Fritz Egger GmbH & Co 21 Brau Union Österreichische Aktiengesellschaft 22 Sandoz GmbH 23 Shell Austria GmbH 24 Mercedes-Benz Österreich Vertriebsges. m. b. H. 25 A. Porr Aktiengesellschaft 26 Greiner Holding AG 27 Austrian Airlines Österreichische Luftverkehrs AG 28 Strabag AG 29 Uniqua Versicherungen AG 30 Wiener Städtische Allgemeine Versicherung AG