Cross-Industry Guiding Priniciples: The Community
Please note that these represent the general characteristics we look for in companies, but the industry-specific standards are the starting place when determining eligibility for the Seal of Approval. For example, a company that specializes in packaging will be held to higher standards than outlined here in the “Packaging” section of Product/Service.
Transparency
Baseline Standards
The company should…
- have a forthright statement of values or principles;
- provide clear disclosure of internal policies and practices that impact employees;
- provide disclosure of policies and practices that impact external stakeholders;
- submit to all required financial audits.
Preferences
- submit to third-party audits of social/environmental performance and release the conclusions thereof;
- provide full public disclosure of manufacturing and labor information, including wages and working conditions.
- provide profit statement outlining how profits are used.
- engage with community stakeholder groups.
Impact
Baseline Standards
- Involvement in supporting community activities through volunteer time, financial resources, use of office space, etc.
Preferences
- Clear and active program of investing profits back into local communities.
- Diversity in hiring/sourcing/marketing practices to underserved in community.
- Focus on local hiring/sourcing.
- A defined strategy for addressing community economic development issues.
- Offers educational programming in local schools and business.
| < Prev |
|---|
