A corporate sustainability strategy prioritizes and embeds sustainability objectives and targets and helps the company to deliver on key Sustainable Development Goals (SDGs). It facilitates the company’s ability to adapt and change through forward planning, increasing its resilience, managing risks and protecting workers, the company and society at large.
A note on the scoring system
Wikirate uses a standardized 10-point scoring system to enable comparison of company scores across different benchmarks. In the Nature Benchmark, companies can earn 1 point per indicator, which are then added together and calculated as a percentage of the total score for a measurement area (MA) to determine the final score for the MA. The overall Wikirate score is calculated by combining these scores with the appropriate weightings, and converting them to a 10-point scale. For instance, if a company achieves a final score of 50, the corresponding Rating will be 5.
score = (x) -> if x == "Yes" 10 else 0 0.25 * score(strategy_disclosure) + 0.25 * score(strategy_coverage) + 0.25 * score(group_wide_strategy) + 0.25 * score(strategy_reporting)