Corporate Responsibility is embedded in our business strategy. It is reflected throughout our operations as well as in our products. As a leading financial information company, transparency and integrity are vital to our business. Below is our 2012 Corporate Responsibility and Sustainability Report.
Welcome to McGraw Hill Financial’s 2012 Corporate Responsibility and Sustainability Report which provides an overview of CRS at the corporation. In this report, published exclusively online, we discuss our approach to corporate responsibility and sustainability in our products and services as well as our operations. All information in the report relates to calendar year 2012 and covers our global operations unless otherwise noted.Transparency is the cornerstone of our business. We apply this same level of transparency to our CRS performance and reporting. We have prepared our report according to the Global Reporting Initiative (GRI) guidelines and are self-reporting at the GRI Application Level C. Click here to access our GRI Index.
An Interview with the Chairman, President and CEO
2012 was a significant year for The McGraw-Hill Companies. What changes took place?
We successfully executed our Growth and Value Plan and created two strong separate companies – McGraw-Hill Education and McGraw Hill Financial. In November, we announced an agreement to sell McGraw-Hill Education to Apollo Global Management. McGraw-Hill Education will continue to develop digital learning platforms to meet the needs of students and teachers globally and McGraw Hill Financial will bring transparency and essential insights to global markets.
Why does Corporate Responsibility and Sustainability matter at McGraw-Hill?
Put simply, corporate responsibility and sustainability is part of our DNA. We have remained steadfast in our commitment to integrity and transparency and those principles guide our business decisions and commitment to our employees every day, in every time zone.
Corporate responsibility and sustainability come to life through our dedication to conduct our business ethically, our desire to improve the quality of life in the communities where we live and work, and our focus on environmental stewardship.
What were the Corporate Responsibility and Sustainability highlights for McGraw-Hill in 2012?
We made significant progress in 2012 across the spectrum of our CR activities. McGraw Hill Financial signed onto the Principles for Responsible Investment and in partnership with the Microfinance Information Exchange, we made strides in bringing greater transparency to the financial lending programs that serve the world’s poor.
2012 marked the 25th anniversary of the of the Harold W. McGraw, Jr. Prize in Education, recognizing outstanding individuals who have dedicated themselves to driving change in the field of education.
We continue to provide the financial know-how and skills that are essential to fostering inclusion. Together with the Better Business Bureau’s Military Line, we developed a free financial literacy smartphone app to help service members and their families learn how to get out of debt and save for the future.
We continued to address the growing demand for sustainability-related services across our businesses. In 2012, J.D. Power and Associates released the results of its Electric Vehicle Ownership Experience Study, which provides clients with a balanced understanding of the benefits and challenges of EV ownership and S&P provided cutting edge analysis of the risks associated with water scarcity on certain industries.
What makes a company responsible? We believe it is a commitment to transparency, integrity and sustainability. These core values guide all of our efforts whether it is our dedication to protecting the environment, or our pledge to contribute in meaningful ways to society at large.
We prepare individuals, societies and markets for succeeding in our markets. In support of this mission we are committed to responsible business practices that enhance the economic, social and environmental well-being of the communities where we work and live.
Our ongoing commitment to corporate responsibility and sustainability is seen in many ways around our company. We’re deeply proud of these efforts, which include:
- Developing a wide array of products and services to serve the growing sustainability marketplace
- Green Teams and other employee engagement activities that are helping to reduce our environmental footprint
- Driving sustainability through operations—from our facilities to our supply chain
- Innovative grant making focused on financial capability for all
These efforts speak to much more than our bottom line; they speak to who we are.
McGraw Hill Financial is committed to soliciting feedback from all of its stakeholders. We periodically engage with stakeholders—including policy makers, nongovernmental organizations (NGOs), academic institutions, employees and others with an interest in our company—to gain insight into key corporate responsibility and sustainability issues and how they pertain to the Company. This feedback, together with our work every day, helps us determine the issues most material to our business.
We also engage with global corporate responsibility organizations. Recognizing that our business exists only in the context of a highly functioning and sophisticated economy and society, we engage in partnerships with other companies, NGOs and governments to achieve mutual goals of sustainability and transparency. These partnerships allow us to learn and contribute our knowledge to the larger discussion on corporate responsibility. Some groups that we actively engage with include:
- Business for Social Responsibility (BSR)
- Boston College Center for Corporate Citizenship
- Business Roundtable’s S.E.E. (Social, Environment and the Economy) Change Initiative
- Sustainable Leadership Forum
We hope you find this report informative and engaging. We welcome any suggestions and comments. Please contact us at:firstname.lastname@example.org