WikiRate.org is a place where anyone can contribute information on companies and brands in a wiki-like manner (e.g. Wikipedia). WikiRate, however goes beyond Wikipedia with crowdsourced ratings and rankings of companies. These ratings and rankings are based on fully transparent metrics, sourced from real data. On this portal, citizens can be informed about what is really going on behind the scenes of different companies and also rate companies against each other on social, ethical and environmental aspects that are important to each of us.
Why is our project important?
What are our goals?
- To be the place for information and comparisons about companies’ sustainability;
- To create community powered ratings of companies, engaging all public information to rank and rate companies by sustainability topics;
- To be a meeting place for all stakeholders interested in information about companies, from investors, to journalists to the average woman on the street;
- To affect change in the way business is done, showing both best and worst practice and encouraging a ‘race to the top’ in terms of industry and company standards.
Initiatives, tools and services we have already launched
Initiatives, tools and services we are still working on
Who will benefit from our project?
- Advocacy groups can get wider engagement with ratings already produced and new ratings. Researchers and campaigners can engage the power of the crowd to facilitate online activism, and information gathering
- CSR led companies can gain competitive advantage through showing that they care about their impact and are willing to be transparent in a race to the top
- Academics/ students will have clear information in business schools to understand sustainability of companies. Not only can they use this information for research, but they can play a part in generating information as part of their research/ case studies
- Employees of the rated companies can find out about their employee’s actions. This too will hopefully create pressure for the company to clean up its behavior.
- Journalists can have access to clear ratings, which can supplement their understanding of companies’ perception and issues around company behaviour
- Investors can have clear understanding of companies which are engaging with principles around triple bottom line, bringing insight to sustainable investing. Certain investors can lobby companies to change their behaviour based on WikiRate scores
- Citizens can be better informed and can have a reference point for their interactions with companies, in the marketplace either as consumers, employees or in line with their own ethical principles