Best Practice Institute announces with Newsweek the “Excellence 1000 Index”, recognizing companies that demonstrate excellence across all facets of business.
Best Practice Institute is pleased to announce the Excellence 1000 Index today, in partnership with Newsweek.
Business success today is about more than just the bottom line. Today’s most successful companies demonstrate excellence across Financial Health, Key Stakeholder Ratings, and Social Responsibility. We live in a time where genuinely excellent companies care for their financial success, all key stakeholders, and the world we live in.
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The Best Practice Institute has analyzed over half a million data points and developed a proprietary scoring system to measure financial performance, customer and employee satisfaction, environmental commitments, and social responsibility to build the first Excellence 1000 Index. Companies have been assessed on critical criteria, including:
- Employee Rating: How employees perceive their employer.
- Customer Rating: How customers view its products, services, and ethics.
- ESG Risk Rating & Ethical Impact: An analysis of the company’s environmental, social, and governance risks, combined with its ethical footprint.
- ISO Standards Adherence: Compliance with international quality and safety standards.
- R&D Spending: Investment in innovation and the future.
- Global Compact Status: Alignment with the UN’s principles on human rights, labor, environment, and anti-corruption.
- BBB Rating & Accreditation (for small companies): Recognizing smaller entities that meet the Better Business Bureau’s standards.
- Number of Customer Complaints: A transparent look at customer grievances, shedding light on a corporation’s commitment to rectification and improvement.
“Doing good business means more than just turning a profit. In our fast-paced economy, it can be easy to lose sight of the value of companies that strive to be good for customers, employees, and society at large,” said Nancy Cooper, Global Editor in Chief at Newsweek. “The Newsweek Excellence 1000 Index takes a 360-degree look at companies, assessing what their employees say about the company, how customers view their products, and how well the business is run regarding safety, sustainability, diversity, and innovation. Our goal is to provide our readers with an informed view of the firms living up to the highest standards.”
“The corporations in the Newsweek Excellence 1000 inspire all business leaders, demonstrating that they can not only achieve financial success but can also put emphasis and commitment on social and environmental responsibilities,” said Louis Carter, CEO of Best Practice Institute.
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