© Rolls-Royce plc 2004
Legal Information |
London Benchmarking Group Assurance statement
We have been asked to assess how
Rolls-Royce has applied the London
Benchmarking Group (LBG)
model to measure and report on
its global corporate community
involvement activity.
The LBG model helps businesses
to improve the management,
measurement and reporting of their
corporate community involvement
programmes. It focuses on
companies’ voluntary contributions
to society, encouraging as accurate,
quantitative, and complete an
account as possible. The model
applies consistent methods for
valuing a company’s inputs to
community programmes, including
cash, time and ‘in kind’. It also
examines the programmes’ outputs
and longer-term impacts. There are
now over 70 LBG member
companies, which work together
to improve the management and
measurement of their community
programmes, and greater consistency
and comparability in their external
reporting (see www.lbg-online.net for more information).
Rolls-Royce is an active and
committed member of the LBG.
As manager of the LBG, we have
worked with Rolls-Royce to review
its understanding of the model
during this, its second year of
membership. We are satisfied
that LBG evaluation principles are
understood and being correctly
applied in material respects,
and that Rolls-Royce has made
particular progress in measuring
what its major projects achieve,
both for the community and
the company. Our work has not
extended to an independent audit
of the data presented in this report.
Looking ahead, we recommend
that Rolls-Royce aims to capture
and report a greater proportion of its
contributions, particularly employees’
volunteering in paid company time,
and the contributions of different
business units. The company is
already committed to introducing
LBG evaluation principles more
widely throughout the company
and monitoring their implementation,
and we look forward to seeing
the results of this investment in the
years ahead.
The Corporate Citizenship Company
November 2003
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Business in the Community Assurance statement
Business in the Community welcomes the first Rolls-Royce community investment report. It is a comprehensive record of the company’s programmes and demonstrates its commitment to local communities. The publication contains examples of the programmes and initiatives Rolls-Royce has undertaken and been involved with.
Business in the Community is a unique movement of 700 companies across the UK committed to continually improving their positive impact on society. Rolls-Royce has played a key role in developing the movement since it became a member in 1987, and recently, through the leadership of Sir John Rose, has supported the development of leadership in schools.
At Business in the Community we are asking more of our members, in particular we ask them to make a commitment to action to:
– Integrate responsible business practice throughout
their business
– Impact through collaborative action to tackle
disadvantage
– Inspire, innovate and lead by sharing best practice
Across the business we are delighted to see Rolls-Royce addressing each of these commitments and constantly developing and improving its performance against them.
Rolls-Royce takes seriously its responsibility to report publicly on its community involvement in the UK, and has participated annually in our Corporate Responsibility Index since its inception in 2002. This index is designed to help companies integrate responsible practice across their business.
Rolls-Royce is leading by example, with staff involved in an impressive range of programmes that make a real difference to real people and help tackle disadvantage in local communities. Partners in Leadership (matching headteachers with senior business managers), Project Compass (supporting homeless ex-service men and women) and the piloting of a new programme Skills Bank, which helps improve the links between schools and business, underline Rolls-Royce’s commitment to tackle disadvantage.
We applaud the commitment Rolls-Royce makes to community investment and corporate responsibility and its recognition of the benefits this brings to business stakeholders and the local community.
Business in the Community
November 2003 |
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