4.1. Social Benefit (15%)
4.2. Business Benefit (15%)
1. Compliance with international standards (5%)
International standards include recognized standards of the corporate responsibility such as, 10 Principals of the UN Global Compact, UN Guiding Principles on Business and Human Rights, OECD Guidelines for Multinational Enterprises, ILO Tripartite Declaration Concerning the Multinational Enterprises and Social Policy, Guidance on Social Responsibility of the International Standardization Organisation (ISO 26 000), Children’s Rights and Business Principals etc.
2.Compliance with company’s strategy/ policy/ objectives (10%)
The component aims to identify the nexus between the project and the company’s strategy/policy/objectives and the level of the nexus.
3. Implementation: This component assesses the whole cycle of the project: (55%):
(3.1.) Management Process (35%): This component seeks to assess how effectively the project is implemented and managed. Factors might include:
The structures and processes exist to ensure effective planning and operational management to support the project achieving its objectives;
How the necessity of the project was identified, whether or not the company assesses the baseline situation;
How targets and performance indicators for the project are set;
How the project is monitored, measured and evaluated against its KPIs/ targets and objectives;
Does company assess the impact of the project on society and stakeholders, after the implementation of the project;
How integration of lessons that have been learned, in on-going/ future activities is ensured;
Innovative approach to the planning and implementation of the project;
(3.2.) Activities (10%): This component looks for evidence that the activities implemented in the framework of the project are relevant to the objectives and the targets, whether or not the indicators are met and the outputs are achieved.
(3.3) Resources (5%): This component looks for evidence that appropriate resources have been used for the project, whether financial or people or in kind etc. Factors to consider include:
Relevance of the resources compared to the scale and objectives of the project and the value of resources (financial, human or in-kind).
(3.4) Transparency (5%): This component aims to determine how the company reports on the projects, communicates and encourages dialogue with partners and stakeholders. Factors you might consider include:
Whether stakeholders and partners have been consulted during planning process and implementation of the project;
How the good practice has been shared/communicated, both within the organisation and externally with other businesses;
How results / achievement of the projects has been communicated by the company after the completion of the project.
Result: This component seeks to assess the impact of the project on the society and on the business.
4. Results (30%)
(4.1) Social Benefit (15%): This component seeks to assess how and to what extent has the company achieved its purpose in terms of its impact on the society (direct beneficiaries of the project, the wider community and the partners). Factors to consider include:
Outcomes of the project for the target group;
Impact of the project on the wider public;
Benefits gained by the partner (s);
(4.2) Business Benefits (15%): responsible business conduct should be beneficial for the company. The component aims to assess how the project has benefited the company. Factors to consider include:
Impacts on recruitment and retention, as well as on motivation and skills of staff;
Increased positive reputation of the companies among stakeholders and customers;
The development of new networks, business contacts, processes, ideas or products;
Integration of the good practice identified as a result of the project in company’s activities;