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@spglobalinc
We're proud to announce that McGraw Hill Financial has been named a Natural Capital Efficiency Leader for 2014. The honor means we're environmentally efficient while increasing business. We're extremely proud and thank Trucost for the #naturalcapital honors!
"The first multilateral trade agreement in almost 20 years now stands tantalizingly within reach," writes Harold McGraw, chairman of McGraw Hill Financial and the International Chamber of Commerce as the World Trade Organization WTO OMC meets in Bali.
Hyderabad Employees Volunteer to Bring Environmental Awareness to 8,600+ Students
Demonstrating that giving back is essential, S&P Capital IQ employees in Hyderabad recently visited 22 schools around the local area to stress the importance of environmental awareness. This effort was in conjunction with the launch of McGraw Hill Financial. More than 200 employees worked with over 8,600 students to clean school grounds and engage in classroom conversation about the importance of taking care of India’s valuable natural resources. Volunteers also held elocution and essay-writing competitions to reinforce concepts of environmentalism and respect for nature.
“When we decided to plan a big offsite volunteerism effort in recognition of the MHFI brand launch, we were not sure how to gather volunteers to cover 22 schools on such short notice. But to our surprise, the response was overwhelming,” said Senior Director Prabhakar Rao Kotapati, S&P Capital IQ. “I always wonder to see the spirit of service of our volunteers, which exhibits their commitment to community service. This project reinforced our strengths to do more for our community,” he continued.
Volunteer Sunitha Lakshmi Kumari Thadepalli also commented on the experience: “It is our responsibility to serve the society around us. I feel proud that I participated in one such program. It was a wonderful experience spending time with school children.”
This program aligns with the Hyderabad office’s Green Team initiative, launched in June on the eve of “World Environment Day”, to measure the amount of food that is wasted in the site cafeteria each day – food which might otherwise go to feed India’s homeless population. Green Team volunteers worked to measure the uneaten food by weighing each day’s discarded food and tracking the waste. Since launching the program, the Hyderabad office has reduced its food waste by 50%.
We're very proud of all the great work by our employees around the world. MHFI truly believes that giving back is essential.
McGraw Hill Financial ranked in Top 10 of CR Magazine's Best Corporate Citizens Industry List
The Corporate Responsibility team is excited to announce that McGraw Hill Financial has been ranked in the Top 10 of CR Magazine’s Best Corporate Citizens Industry List for 2013. The rankings are based on CR Magazine’s 320 components of corporate responsibility performance and an in depth analysis of seven categories across all industries: environment, employee relations, human rights, climate change, finance, philanthropy and governance.
McGraw Hill Financial moved up from its 16th rank in 2012, thanks in part to our Company’s commitment to reducing our environmental footprint, enhancing employee engagement and increasing transparency.
Our accomplishment will be highlighted in the September/October issue of CR Magazine! The following initiatives are just a few reasons why McGraw Hill Financial earned this coveted spot:
Work-Life Programs: McGraw Hill Financial’s progressive array of family-friendly programs and resources were among the determining factors in making CR Magazine's list. The Corporation offers flexible work arrangements and part-time options; adoption assistance; child care options; back-up dependent care; eldercare and special needs case management, among many other employee benefits.
Expanding Employee Engagement Opportunities: The McGraw Hill Financial Green Team initiative serves office locations and employees around the world, including those in Brazil, India and Troy, MI. Our Green Teams champion environmentally friendly behavior in 17 office locations, and we are continuing to expand our network (learn more). Also, through McGraw Hill Financial’s Employee Volunteer Grants and matching programs, the Company has sponsored numerous volunteer opportunities and donated thousands of dollars to help employees serve their communities.
Responsible Supply Chain Strategy: In collaboration with Global Procurement, the Company has developed a Supplier Code of Conduct that spells out what McGraw Hill Financial expects of its suppliers in conducting business responsibly. McGraw Hill introduced a CR Scorecard to evaluate the performance of key non-manufacturing suppliers in seven categories, including business ethics, environmental impact, health and safety, diversity and human rights. The corporation also hosts a Supplier Summit every year that brings industry leaders together to innovate and implement new sustainable supply chain operations.
Delivering Financial Essentials: We consider basic financial knowledge to be an essential tool of modern life and a key foundation of social and economic inclusion. Working with our nonprofit partners, we equip under-served individuals with the financial essentials to make decisions and thrive in the economy. We focus especially on women and youth as well as groups with unique needs, such as U.S. military families. Among the highlights is our partnership with Pro Mujer to provide local women entrepreneurs in Argentina, Bolivia, Mexico, Nicaragua, and Peru with the financial skills to help them start their own businesses. We developed the My Military& Money App and website (www.militaryandmoney.com) together with the Better Business Bureau’s Military Line to provide military families with basic financial education and budgeting tools to help them gain financial freedom.
The Corporate Responsibility team is continually evaluating new ways McGraw Hill Financial can support Financial Essentials, Stronger Communities and Healthier Environments.
At McGraw Hill Financial, we have purpose with passion. Our purpose -- and passion -- is to provide the world with Essential Intelligence. How do we do that? What makes our businesses tick? This video tells the stories of our iconic brands: Standard & Poor's Ratings Services, S&P Capital IQ, S&P Dow Jones Indices, Platts, J.D. Power and McGraw Hill Construction. Visit us at www.mhfi.com!
McGraw Hill Financial is home to the world's most trusted leaders in credit ratings, benchmarks and analytics. Our mission is to provide the world with Essential Intelligence. This video tells you more about our iconic brands: Standard & Poor's Ratings Services, S&P Capital IQ, S&P Dow Jones Indices, Platts, J.D. Power and McGraw Hill Construction. Visit us at www.mhfi.com!
Learn more about MHFI's place on the Dow Jones Sustainability Indices
McGraw Hill Financial was once again named to the Dow Jones Sustainability Index (DJSI) in recognition of our commitment to corporate responsibility and environmental sustainability. Reclassified from publishing to the financial services category, MHFI was recognized again by both the DJSI World Index and DJSI North America Index. We were ranked among the top 10% of the 2,500 largest companies on the Dow Jones Exchange with our highest scores in Corporate Citizenship and Philanthropy.
The DJSI takes a best-in-class approach in selecting companies that outperform their peers on a range of rigorous sustainability metrics, and that place corporate responsibility and sustainability at the core of their business practices. Doing both has earned MHFI a coveted spot on the index. This gold standard of socially responsible indices evaluates companies on issues including corporate governance, environmental policy, climate strategy, supply chain standards and labor practices.
Illustrations of ways McGraw Hill Financial’s business activities align with the DJSI principles are visible throughout the Company.
For example, Standard & Poor’s is a member of the World Economic Forum’s Green Growth Action Alliance (GGAA) which is comprised of the world’s 50 largest energy companies, financial institutions and development finance organizations. As a signatory of the GGAA, S&P assists the members of G20 governments in tracking the progress and financing of clean energy, agriculture and green growth infrastructure. S&P Ratings is working with the World Bank, Climate Policy Initiative (CPI) and Deutsche Bank among others to increase investor engagement with green infrastructure financing.
McGraw Hill Financial has also become a leader in promoting the need for additional green initiatives within the supplier space. Every year, MHFI facilities host the Supplier Summit which brings together executives from a number of respected corporations to stimulate conversation regarding greener supply chain and procurement practices. In recognition of these efforts, McGraw Hill won the “Collaborate to Innovate” award sponsored by ProcureCon and the International Association for Contract and Commercial Management. These efforts continued to be a major focus in 2012, culminating with a nomination as a finalist for the Global Sourcing Council’s 3S Award, and formal recognition with the 2012 Green Supply Chain Award from Supply Chain & Demand Executive.
These examples and our company’s DJSI ranking reaffirm that transparency and integrity are vital to McGraw Hill and its business.
Helping Bronx Students Aim High
For the teenagers who attend Morris Campus High School in the South Bronx, just getting to class can be a struggle. Many face hardships and responsibilities at home that make focusing on school seem like a luxury. Education and opportunities to experience a world beyond their own offer alternatives for these youngsters. To help open the door, McGraw Hill Financial sponsors mentoring programs and potentially life-changing internships for the school’s students.
In August 2013, the Morris Campus High School Educational Internship Program completed its 14th year giving students their first step on the career ladder. Carefully chosen and trained McGraw Hill Financial employees supervised and mentored the 13 students, teaching them essential computer, Microsoft Office and phone skills. The participants worked a 40-hour week in an office-based team and earned an hourly wage during the 6 week internship. Since commuting to and working in Manhattan presents its own set of challenges, we removed some of the financial hurdles by providing public transit tickets and lunch vouchers until students received their first paycheck.
From mentee to office intern
These students’ commitment to their futures originates well before the internship begins with the Big Brothers Big Sisters Mentoring Program. McGraw Hill has conducted a mentoring program, offered to all Morris Campus students, for the past 20 years. Only those who actively take part in the group activities and one-on-one mentoring can apply to take the next step as an intern. The internship application process is real-world and includes an up-to-date resume, current report card and transcript, short essays and an interview. Qualified students who have earned a spot but cannot participate for 40 hours a week due to summer school or other commitments can intern with one of McGraw Hill Financial’s non-profit partners who offer more flexible schedules as well as a unique introduction to the non-profit sector.
Managed by experienced educational consultants, Linda Loffredo and Sheila Stamper, the program encourages students to become valuable members of a workforce team. Although other internship programs teach similar career skills, Sheila and Linda describe the program as unique because, “the program is truly student-focused offering training and experience with office and communication skills but also offering visits to cultural institutions, weekly discussions on current events and ongoing support for students experiencing any difficulties during the program.”
Our goal is to foster personal as well as professional development, helping students overcome hurdles and building their confidence, ultimately setting them on a path to college and career success. Program managers organize weekly Breakfast Workshop discussions geared towards college and post-high school preparedness. Topics include communication skills, money management, and business etiquette as well as world news and current events. Outside the office walls, students enjoy trips to museums and cultural venues.
The intern’s connection with his or her mentor does not end with the summer. Due to both a strong alumni network and dedicated mentors, many interns serve a second year as senior interns and several have been invited back for longer-term positions at McGraw Hill Financial. Amita Nagaraja, Director, Strategic Giving and Community Engagement, the program’s longtime manager, attributes its success to the student-centered approach, “Our internship model is catered to the needs of the student. Over the years we have learned what is most challenging for students and how best to set them up for success in the internship and beyond. We don’t want to just tick off boxes; we truly want to see these deserving and inspiring students succeed.”
Each year, students share their observations and experiences at a lively and emotional closing breakfast, attended by internship supervisors, mentors, alumni interns and friends. Victor Velez, who interned in Corporate Security with Robert Porter at 55 Water Street this summer, shared his thoughts about the impact of the program, “This internship gave us an amazing support system. The skills we have learned go a long way…in the business world, college, and just life in general.”
Corporate responsibility (CR) is an extension of our business strategy. We target our CR strategy and investments to build better lives and stronger communities.
McGraw Hill Financial helps Morris Campus High School students achieve success by:
Building long-term relationships: This is important at a program and an individual level. Our 20-year relationship with Morris Campus High School and our ongoing contact with a Morris alumni network has helped us understand the students, as well as their needs and interests, and we’ve tried to respond by improving our programs to serve them better. The one-on-one nature of mentoring relationships builds trust, fosters open communications, and ensures that the program is meaningful for every participant.
Focusing on the students: Our internship program is designed to help the students grow, flourish and succeed. With this in mind, we’ve adapted the program over time to be more holistic - giving students the relevant real-world experience they need, as well as introducing them to cultural institutions and other opportunities they may not otherwise have access to.
Breaking down barriers: Many students who want to develop business skills and gain real world experience during the summers face challenges including summer school, financial need, or family obligations. Flexible internship opportunities with nonprofit partners and financial support are simple ways that we have opened doors for many students that might otherwise be unable to participate.