Frequently Asked Questions
Click here to download the 100 Best Corporate Citizens of 2020 ranking methodology, including year-over-year changes from 2019, the complete list of factors considered for 2020 and an outline explaining how the ranking was processed.
3BL Media creates its methodology based on the latest developments in corporate sustainability, extensive feedback from corporate and NGO stakeholders and guidance from Institutional Shareholder Services (ISS) ESG. Our goal is to ensure that the methodology advances ESG transparency and performance each year using factors relevant to all industries.
There are eight pillars in the ranking, each comprising a set of factors (e.g. Employee Relations contains 32 factors and is weighted 20.5% overall). Each pillar weight is publicly disclosed, but the weight of each specific factor isn’t disclosed to ensure the ranking methodology cannot be replicated.
3BL Media builds its custom methodology with factors carefully selected from the ISS ESG E&S Disclosure QualityScore and Governance QualityScore. The intent is to reduce the administrative burden on companies to verify data and information for the 100 Best Corporate Citizens ranking since they are already doing so for the ISS ESG E&S and Governance QualityScores.
We welcome feedback on our methodology. Please complete the contact form at the bottom of the website or email email@example.com.
No. 3BL Media develops the methodology and our partner ISS ESG researches and ranks all Russell 1000 companies (except tobacco companies) using only publicly available data and information. Russell 1000 companies are the 1,000 largest publicly traded companies in the U.S. equity market.
No. All Russell 1000 companies (except tobacco companies) are researched and ranked at no cost. Also, there’s no cost for Russell 1000 companies to verify data and information collected by ISS ESG.
Email ESGHelpdesk@iss-esg.com to request online portal access and add users to verify information and data for the ranking.
The 2020 ranking methodology consists of eight pillars containing 141 factors. The weighting of each pillar is publicly available (see below), however, the weight of each individual factor is not so that the ranking cannot be replicated.
Factors look for specific types of ESG disclosures including: data, management approach, performance, policies and codes, strategy and targets.
I. Climate Change (Weight: 18.0% | Number of Factors: 24)
- Topics include: management’s role; performance; policy; risk and opportunity; strategy; targets; water
II. Employee Relations (Weight: 20.5% | Number of Factors: 32)
- Topics include: diversity, equity and inclusion; healthcare benefits; occupational health and safety
III. Environment (Weight: 18.0% | Number of Factors: 27)
- Topics include: energy; greenhouse gas emissions; policy; suppliers; waste
IV. ESG Performance (Weight: 8.0% | Number of Factors: 2)
- Topics include: controversy assessment; managing ESG risk and seizing opportunities
V. Financial (Weight: 4.5% | Number of Factors: 9)
- Topics include: board of directors; climate scenario planning; executive remuneration; performance
VI. Governance (Weight: 7.5% | Number of Factors: 13)
- Topics include: anti-corruption training; board diversity and ESG and human rights oversight
VII. Human Rights (Weight: 11.0% | Number of Factors: 18)
- Topics include: code of vendor conduct; labor rights; risk; supplier non-conformance and corrective action
VIII. Stakeholders and Society (Weight: 12.5% | Number of Factors: 16)
- Topics include: community involvement; political advocacy; stakeholder consultation and guidance implementation
To view the specific factors within each pillar, click here to download the 100 Best Corporate Citizens of 2020 methodology. Factors used to determine the ranking are applicable and relevant to all Russell 1000 Index companies to enable a fair comparison.
No. The data used to calculate the rankings covered the calendar year March 2019 to March 2020, so it was not possible to incorporate relevant factors in a practical or fair manner. We will consider incorporating pandemic-related factors in next year’s methodology. Please email firstname.lastname@example.org with suggestions.
Yes. In the Employee Relations pillar, 19 of the 32 factors address diversity and equity. To see the specific factors, download our methodology and reference pages 2-4.
We welcome feedback to strengthen our methodology. Complete the contact form at the bottom of this website or email email@example.com with suggestions.
Companies in the Russell 1000 Index are divided into 24 industry groups for the 100 Best Corporate Citizens ranking:
Automobiles & Components; Banks; Capital Goods; Commercial & Professional Services; Consumer Durables & Apparel; Consumer Services; Diversified Financials; Energy; Food & Staples Retailing; Food & Beverage; Healthcare Equipment & Services; Household & Personal Products; Insurance; Materials; Media & Entertainment; Pharmaceuticals, Biotechnology & Life Sciences; Real Estate; Retailing; Semiconductor & Semiconductor Equipment; Software & Services; Technology Hardware & Equipment; Telecommunication Services; Transportation; Utilities.
In 2020, 22 industry groups are represented in the 100 Best Corporate Citizens ranking. No companies from the Food & Staples Retailing or Media & Entertainment industries made the top 100.
Calculating the Ranking
Three types of factors are used in the ranking, examples include:
1. Disclosure: Does the company provide workforce disclosure on gender and racial/ethnic group representation?
2. Policy: Does the company indicate it applies the same human rights policy standards to suppliers and vendors?
3. Performance: Does the company’s climate change disclosure specifically provide an analysis of performance against targets?
Data takes two forms to process the ranking:
1. Binary: ‘True’ counts as a positive value; ‘False’ and ‘Black/Not Provided’ count as neutral weight
2. Numeric: Numeric values compare to all other company numeric value to generate a ranking; Non-reporters rank worse than the worst numerical respondent in any factor
Processing the Ranking
1. Weight each individual factor within a pillar. Some factors have higher relative weights.
2. Calculate the underlying score for each pillar, then rank the full Russell 1000 Index within that pillar in ascending order, ‘1’ is the best rank. 3. Apply the pillar weightings to generate an overall weighted average ranking for each company. The higher the weighted average, the better a company’s ranking. 4. When several company scores tie, there is a gap between that score and the next closest score. For example, if two companies tie for the top rank, the company or companies that earned a second-place rank will place third. Second place is sacrificed for the tie-gap, so third is the next available rank after the tie-gap. 5. The controversy score (part of the ESG Performance pillar) is applied. If ISS ESG identifies a Severe or Very Severe controversy, the company is penalized 10 points on its final, overall weighted score and the overall weighted score is adjusted accordingly. Controversy penalties are not publicly disclosed in the final ranking.
Data and information used in the 100 Best Corporate Citizen of 2020 ranking is from the year in between annual data verification deadlines. For the 2020 ranking, the time period was March 6, 2019 to March 13, 2020.
Nov. 19, 2019: Russell 1000 companies receive an email from 3BL Media with the 2020 methodology, including year-over-year changes from 2019 and the complete list of factors considered for the ranking. Additional email reminders were sent 01/14/20, 02/22/20 and 03/02/20.
The email comes from firstname.lastname@example.org — please ensure this address is accepted by your IT security so emails do not go to spam and junk folders.
March 13, 2020, 8:00 p.m. PST: Deadline for Russell 1000 companies to verify data and information for 100 Best Corporate Citizens of 2020. If you plan to make new source material publicly available in time to be considered for the ranking, please know ISS ESG requires at least five business days to review new materials.
June 16, 2020, 5:00 a.m. EDT: 3BL Media announces the 100 Best Corporate Citizens of 2020.
Yes. The 100 Best Corporate Citizens ranking was first published in 1999 in Business Ethics Magazine and then by Corporate Responsibility Magazine from 2007 to 2019. In 2017, 3BL Media acquired Corporate Responsibility Magazine. In 2019, 3BL Media made the difficult decision to retire the Corporate Responsibility Magazine print and digital publication but to continue the 100 Best Corporate Citizens ranking.
Please complete the contact form at the bottom of the website or email email@example.com with questions and feedback about the methodology.
Email ESGHelpdesk@iss-esg.com to request ISS ESG online portal access to verify information and data considered for the ranking.
No. All Russell 1000 Index companies (except tobacco companies) are evaluated for the 100 Best Corporate Citizens ranking. Russell 1000 Index companies are the 1,000 largest publicly traded companies in the U.S. equity market.
3BL Media’s 100 Best Corporate Citizens ranks the Russell 1000 Index, excluding tobacco companies. Russell 1000 companies are the 1,000 largest publicly traded companies in the U.S. equity market.
Privately held and non-U.S. companies are not part of our research scope. Enterprise companies are considered for the ranking but not brands (e.g. Kimberly-Clark Corporation is considered for the ranking but not Huggies, one of its brands.)
ISS ESG researches publicly available disclosures, policies and performance on ESG topics. This data is collected using industry-standard research methodologies and is primarily sourced from online information made available by companies through primary corporate websites, reports (e.g. 10-K reports and annual sustainability or CR reports), statements and policies. Public websites of subsidiary companies and brands are not considered for the ranking.
To supplement corporate data, information is also retrieved from reliable third parties, including: CDP (Carbon Disclosure Project); GRI (Global Reporting Initiative); UN Global Compact; U.S. EPA EnviroFacts and Toxics Release Inventory and other government agencies; Compustat and FactSet for financial information; select NGOs and professional organizations.
ISS ESG is the responsible investment research and advisory arm of Institutional Shareholder Services Inc. (ISS). ISS ESG provides corporate research to institutional investors according to different sustainability criteria, covering environmental, social and corporate governance standards. ISS ESG data is used to support the 100 Best Corporate Citizens ranking, Deutsche Bank Private Wealth Management, Eaton Vance and others.
ISS ESG applies its environmental, social and governance research to solutions that allow investment managers to screen, rate and rank companies based on criteria defined by the user. In turn, this data is applied by investment professionals to evaluate opportunities, identify risks and comply with a broad range of investment guidelines and client concerns.
Data verification is done through an online data verification portal run by ISS ESG. There is no cost to verify data with ISS ESG for the ranking. At any time, please contact ESGHelpdesk@iss-esg.com to request access to your data verification portal or additional company logins.
There are factors used for the 100 Best Corporate Citizens ranking methodology that cannot be verified because the data source is a third party used by ISS ESG (e.g. data from CDP or financial information from FactSet or Compustat) or ISS ESG conducts the research but the factor is not yet part of the E&S Disclosure QualityScore or Governance QualityScore. In the ranking methodology, these factors are marked “N/A” in the “ISS ESG Factor ID” column.
Companies can verify data and information researched by ISS ESG at any time during the year. The deadline to verify data and information used for the 100 Best Corporate Citizens of 2020 ranking was 8 p.m. PST on March 13, 2020. Data and information used for the 100 Best Corporate Citizens must be publicly available through websites, reports, policies, etc.
If you plan to make new source material available publicly, ISS ESG needs at least five business days to review. Please note: Any new source materials submitted on March 13, 2020, will not be reviewed by ISS ESG in time to be considered for the 100 Best Corporate Citizens ranking. If you plan to make new source material available in time for the ranking, please do so by Thursday, March 4, 2020, to give ISS ESG adequate time to review.
A company can review the data collected by ISS ESG, submit any necessary corrections and offer supporting links to publicly available information. This process is free and available online. ISS ESG will review your request and make any changes that are consistent with ISS ESG’s methodology and definitions.
Contact ESGHelpdesk@iss-esg.com to request access to your data verification platform or additional company logins. Please note: ISS ESG may contact your company to clarify verification comments.
After you review the data collected, all submissions are made through the ISS ESG online data verification platform. Please contact ESGHelpdesk@iss-esg.com to request access to this platform or additional company logins.
ISS ESG is happy to receive any reports or data you wish to send. However, ISS ESG will have already reviewed your corporate responsibility (CR), ESG or sustainability report as part of its research process. The information you can verify includes data and management approaches found on your corporate website, in SEC documents or in your company’s CR or sustainability reports.
If you plan to make new source materials publicly available, please know ISS ESG needs at least five business days to review new materials. For the 2020 ranking, any new source materials submitted on March 13, 2020, will not be reviewed by ISS ESG in time to be considered for the ranking. If you plan to make new source materials available in time for the ranking, please do so by Thursday, March 4, 2020, to give ISS ESG adequate time to review. Email ESGHelpdesk@iss-esg.com to request an updated profile containing the new source information.
Please email firstname.lastname@example.org (or complete the Contact form at the bottom of this site) with questions or feedback on our methodology.
For information on licensing the 100 Best Corporate Citizens logo and other promotional opportunities, please email: email@example.com.