Standard Owner Benchmark - Forética

By CommonShare

Forética is a non-profit organization based in Spain that works to promote corporate social responsibility (CSR) and sustainable development in businesses and organizations. The organization was founded in 1999 and has since become a leading voice in the field of CSR in Spain and Latin America.

Forética's primary goal is to drive the integration of sustainability into the core business strategies and operations of companies, fostering a responsible and sustainable approach to economic growth. The organization believes that businesses have a vital role to play in addressing social and environmental challenges and seeks to facilitate their transition towards more sustainable practices.

One of Forética's key activities is to provide guidance and support to businesses and organizations on CSR issues. They offer a range of services, including training programs, consulting services, and the development of sustainability frameworks and tools. By leveraging their expertise and experience, Forética helps companies identify and implement sustainable practices that align with their specific needs and goals.

Additionally, Forética conducts research and promotes knowledge-sharing in the field of CSR and sustainable development. They organize events, conferences, and workshops that bring together professionals, experts, and stakeholders to exchange ideas and best practices. Through these activities, Forética aims to create a platform for dialogue and collaboration, fostering the advancement of CSR in Spain and Latin America.

Forética has developed several initiatives and tools to support companies in their sustainability journeys. One notable initiative is the Forética Sustainability Index, which assesses and benchmarks the sustainability performance of companies in Spain and Latin America. This index provides companies with valuable insights into their strengths and areas for improvement, encouraging continuous progress towards sustainability goals.

The organization has received recognition for its work and has been honored with various awards and certifications. Forética is also an active participant in international networks and initiatives related to CSR and sustainability, collaborating with other organizations, NGOs, academia, and government agencies to promote responsible business practices and contribute to the achievement of global sustainability targets.

In summary, Forética is a non-profit organization based in Spain that promotes CSR and sustainable development in businesses and organizations. Through its comprehensive range of services, research, and initiatives, Forética empowers companies to integrate sustainability into their operations, fostering a more responsible and sustainable business ecosystem.

Overall Rating

2.0
Undistinguished

Governance

The certification uses a multi-stakeholder, independent governance model to support the development of the standards related to the certification.

Supply Side Digitization

Details on the certificate are easily available via technology for inclusion in third party digital applications.

Buy Side Availability

Buy side availability details out how easy it is for consumers to find products and companies exhibiting the standards offered by the certification.

Relevance

This considers the scale of the certification, and the number of products and companies that currently contribute to the certificate. National and local certification are normalized with countries.

Digital Accessibility

How easy is it for innovative new companies, startups, and local retailers to have the same access and affordable pricing models to use standard information in digital applications.

How our Standard Owner Benchmark® Works?

By CommonShare

This is a benchmark to help companies understand which standards should be part of a sustainable procurement plan. Further, the benchmark allows standard setting schemes, i.e. "Standard Owners", to benchmark their performance versus industry peers.