Implementation of a point system for evaluating potential recipients of the reward. Concept includes quantitatively measuring the internal and external impact that the businesses have. In addition, taking into account qualitative measures as well.
1. Include all of the criteria for a company's internal impact measurements (and community levels), and define each of these variables. Some examples are:
Pe = People - quality of work life and culture (measured via profit sharing, work life-balance, equal pay for equal work)
St = Implementation of sustainability initiatives (i.e. solar, wind, recycle, reuse)
Vw = Volunteer program and no. of employees that participate and/or total per capita hours.
2. Include all of the criteria for a company's external impact measurements (on a local community level and global level)
Pt = What partnerships have they made with other global businesses to promote world benefit
Do = Percentage of income the company has donated to non-profits and the diversity of non-profits that they have contributed to.
Mi = What are the missions, goals and operating philosophies of the company and do they have a net positive global impact?
3. Each of these criteria that the business meets should be multiplied by a factor that takes into account the duration of time; i.e. how long have they been doing this. Have these businesses been pioneers in sustainability and social practices? We should reward companies that have already inspired many global businesses and have been implementing sustainability measures for years, because it is the right thing to do. Reward those companies that are forward thinking and were agents of change before it was popular to be sustainable.
4. Combine the Internal Impact and External Impact and reward for length of time for each initiative that has been in practice.
Some of these criteria may not be as easily measured as others and some may not be quantifiable at all (may be able to do a ranking scale for those). I have mentioned just a few criteria, there will be dozens of different criteria that we have to look at to get an idea of the impact of the company globally.