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Corporate Social Responsibility
News
6.17.2008 - 12:04pm ET
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The Timberland Company Announces Leading-Edge Changes to CSR Reporting
(CSRwire) STRATHAM, NH,. - June 17, 2008 - The Timberland Company today
announced several innovative changes in how it publicly reports on its
corporate social responsibility (CSR) work. The company, which has
traditionally reported its CSR performance in an annual report format, is
moving to quarterly updates of key CSR metrics – the first of which is
now available on the Timberland page at JustMean (http://timberland.justmeans.com).
Full CSR reports will still be available every two years with the 2007-2008
corporate CSR report scheduled for release in Spring 2009.
JustMeans (www.justmeans.com) is a social media
platform that rallies both companies and individuals around social
responsibility. Timberland intends to leverage JustMeans and Web 2.0 to
scale the conversations with its stakeholders around CSR issues material
to their organization.
"As our stakeholder community grows increasingly sophisticated in their
understanding of sustainability issues, they demand greater information
about our CSR initiatives," explains Alex Hausman, Timberland's CSR
Reporting Manager."This is where transparency and accountability –
through accessible, relevant and timely information about our work in CSR
– is critical."
Developing a full CSR report is a time-intensive process, generally taking
about nine months – and allowing little time for investments in process
improvements, development of data infrastructure, testing new mediums and
other innovations necessary in effective CSR reporting. As a consequence,
Timberland has decided to move to a two-year cycle for publishing full CSR
reports.
The obvious drawback to a two-year reporting cycle is decreased
communication between a company and its stakeholders – vital to the
success of a CSR program.To counterbalance the two-year reporting
structure, Timberland will release an online "dashboard" of performance
metrics quarterly, communicating progress against key CSR initiatives.
Both the dashboard and quarterly reporting process was reviewed by a Ceres-convened stakeholder
group who provided guidance on the initiative.
"We believe in the adage, 'what gets measured gets managed,'" said
Hausman. "Quarterly reporting will strengthen our communication with
stakeholders, and also drive progress internally against our CSR
initiatives."
Timberland's quarterly
CSR dashboard contains performance metrics for four areas: energy,
product, workplaces and service. These focus areas are the product of a
year-long process to refine Timberland's long-term CSR strategy.
The result is four goals, each supported by a scorecard of metrics with
targets set out to 2015. The dashboard that is made publicly available is
a collection of key performance indicators from those scorecards.
The four "pillars" of Timberland's strategy are: - Become carbon
neutral by 2010 [energy]
- Design cradle-to-cradle product
- Fair, safe and non-discriminatory workplaces
- 2008-2009: service campaign: Community Greening
About Timberland
Timberland (NYSE: TBL) is a global leader in the design, engineering and
marketing of premium-quality footwear, apparel and accessories for
consumers who value the outdoors and their time in it. Timberland markets
products under the Timberland(R), Timberland PRO(R), SmartWool(R),
Timberland Boot Company(TM), Miōn(R), GoLite(R), Howies(R) and IPATH(R)
brands, all of which offer quality workmanship and detailing and are built
to withstand the elements of nature. The company's products can be found in
leading department and specialty stores as well as Timberland(R) retail
stores throughout North America, Europe, Asia, Latin America, South Africa
and the Middle East. Timberland’s dedication to making quality products
is matched by the company’s commitment to "doing well and doing good" --
forging powerful partnerships among employees, consumers and service
partners to transform the communities in which they live and work. To
learn more about Timberland, please visit www.timberland.com.
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Ashley Fidel
2008-06-30 12:35:23
Hi CSRWire,
Thanks for the great article on Timberland and their CSR reporting through JustMeans! We are really excited about helping companies move toward transparency and engage in social responsibility. Beyond our CSR reporting, I want to let you know about some of other services and features:
1.Talent: For individuals, there are over 2,000 job listings in the CSR field or offered by socially responsible companies. We also help companies boost their CSR initiatives and departments through job listings and recruitment services.
2.Communications: Through the JustMeans platform, partnerships between individuals and companies are formed across fields of responsibility and across geographic regions.
3.Technology: We offer social media build-outs and customized platforms for companies that want to engage in internet media beyond their traditional websites.
Thanks again for the great post and please check out our new All Things Reconsidered blog!
Ashley Fidel
JustMeans New York Associate
www.justmeans.com
afidel@justmeans.com
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