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Press Release
from SRI World Group, Inc.
Intertek
and SRI World Group Announce Strategic Alliance for Social and Environmental
Responsibility Supply Chain Reporting
NEW YORK, NY
-- 03/24/2005 -- Intertek Corporate Social and Environmental Responsibility
(CSeR) Group announced today that it has entered into a strategic
alliance with SRI World Group, Inc. Using SRI World Group’s
OneReport™ system, the alliance will develop innovative company
and industry-specific supply chain reporting frameworks that will
streamline the reporting process between suppliers and supply chain
owners. This collaboration will enable companies to more efficiently
collect, manage, and evaluate data from their suppliers. As a result,
companies will be able to provide more meaningful information about
their supply chains to research and rating agencies and other stakeholders.
Investors and other stakeholders are requiring more
in-depth social and environmental responsibility information from
companies. At the same time, companies are requiring their suppliers
to report on a range of CSR issues. Intertek and SRI World Group
will focus on the common demands of supply chain reporting (business-to-business)
and institutional reporting (business-to-investor) of social, environmental,
corporate governance, and other non-financial data.
"Intertek and SRI World Group have teamed up
to help companies with the difficult process of sharing data among
stakeholders in an environment of non-standardized and often duplicative
requests for information," said Andre Raghu, Director of Intertek
CSeR Group." This unique partnership will allow companies to
build stakeholder relationships and leverage their CSR performance
by providing meaningful information to a wide variety of stakeholders
and research institutions in an effective and timely manner,"
he added.
This alliance unites Intertek’s global network
of in-country field teams and CSR professionals with extensive experience
in supply chain monitoring and advisory services with SRI World
Group’s information technology expertise and its sustainability
reporting network known as OneReport. This new team will combine
their respective expertise to design cutting-edge supply chain reporting
tools that will serve the interests of companies, the research community,
and stakeholders.
"Our partnership with Intertek further underscores
our commitment to developing OneReport as a comprehensive reporting
solution," said Jay Falk, President of SRI World Group. "The
addition of supply chain reporting capabilities will enhance OneReport's
ability to simplify the reporting process and reduce sustainability
reporting costs for companies," he added.
SRI World Group, Inc. is a financial information and
consulting services firm. The company operates SocialFunds.com and
InstitutionalShareowner.com, which serve individual and institutional investors,
respectively. SRI World Group is a news, research, and consulting
firm that advises clients regarding sustainability investment issues
and corporate responsibility practices. It also operates CSRwire,
a globally syndicated newswire service that specializes in distributing
corporate social responsibility reports and press releases.
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