G4S has been announced as a silver company in the Corporate Responsibility Index (CR Index), the annual benchmark of responsible business practice by Business in the Community.
The CR Index survey was launched in 2002 to help businesses identify strengths and weaknesses in their management and performance. It is the UK’s leading and most in-depth voluntary benchmark of corporate responsibility.
Business in the Community is a business-led charity that is committed through its 850 member companies to transform businesses and communities to build diverse workplaces and a more sustainable future.
G4S has been declared a silver company, an award which shows a business conducts effective stakeholder engagement and has the processes to identify and manage risks and opportunities.
It also means companies have reliable data which can demonstrate improvement in both management and performance.
Patrick Toyne-Sewell, G4S Corporate Affairs Director for the UK and Ireland, said he was “very satisfied” to have been recognised as a silver business after “what was a challenging year” for the organisation.
G4S faced a wave of negative press during 2012 over the failure to fulfil its Olympic security obligations, which ultimately saw the company incur losses of approximately £70 million on the contract.
Despite the troubles, it recently reported that total revenues in 2012 rose 10.4 per cent to £7.5 billion. Toyne-Sewell claims G4S will be looking to build on its silver award in the CR Index down the line as it aims to grow as a responsible business.
He stated: “We only missed out on the gold award by one per cent and so we shall be striving for further improvements over 2013, by ensuring that we and our suppliers uphold the highest standards of environmental, ethical and social responsibility.
“We employ more than 48,000 people in the United Kingdom and Ireland, with staff at the heart of nearly every community. Being a responsible business is no longer an ‘optional extra’ – it’s integral to our operations, important to our employees and valued by our clients.”
