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NASDAQ leaders disclose performance using GRI reports
31 May 2011
​On 23 May 2011, NASDAQ OMX Group and CRD Analytics announced the results of the semi-annual re-ranking of the NASDAQ OMX CRD Global Sustainability Index (QCRD). The Index lists 100 global brands who voluntarily disclose their environmental, social and governance (ESG) performance as well as their financial performance. Results show that over 70% of the companies listed issued GRI based sustainability reports.  The re-ranking also saw the inclusion of seven new companies replacing seven that have been removed. Companies added to the Index include AngloGold Ashanti Limited, Campbell Soup Company, Goldcorp Inc., The Coca-Cola Company, Merck & Co., Inc., Syngenta AG and Wipro Limited.
​Launched in 2009, the QCRD Index is an equally weighted equity Index that serves as a benchmark for stocks of companies that are taking a leadership role in sustainability performance reporting and are traded on a major US stock exchange. To produce the ranking, CRD Analytics used their own Smartview® methodology, which uses 200 individual performance metrics composed of traditional financial data and ESG data, including GRI’s Performance Indicators.
“One of the key criteria’s of QCRD is that all companies must align with the GRI Guidelines. A recent study we contributed to for the Governance & Accountability Institute found that 71% of the QCRD companies produced an official GRI report and uploaded it the GRI website,” said Michael Muyot President of CRD Analytics.
The Index strengthens the business case for companies to issue sustainability reports; it is also an important tool for investors. In April 2011, the Index was made available as an investable portfolio. Now, investors seeking positive ESG information for their portfolios, as well as financial information, can view clear and comparable data.
Mike Wallace, Director of GRI’s Focal Point USA, said, “Given GRI’s growing presence and involvement in the US and financial markets, we are witnessing an increased openness from the investor community to discuss the utility of GRI reports.  For more than a decade, GRI has worked to standardize sustainability reporting and has undoubtedly helped the investor and analyst community to more easily compare and contrast sustainability performance among the world’s largest, publicly traded companies.”
GRI reports are continually and repeatedly cited as a fundamental source of information in discussions with the most well known ratings and research firms. All these firms then use their own expertise and analysis methodologies to advance their own performance analysis,” added Wallace.