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Standard and Poor or standard and poor?

Aad Troost about Certification and Rating

"After receiving a quality hallmark from Graydon in November, it is a pleasure to add the D&B Rating to this so soon, it is the highest credibility class" Aad Troost of Lehman & Troost mentions. "Something is changing in the western societies. More control, better control (certification) and real appreciation figures (rating) add to these changes."



"Food safety; due diligence; level playing field; green miles; transparency; sustainability; corporate governance are all part of rating and certification. In the meantime we have learned the value of these. In our sector is a real race. AEO (Customs), HACCP (VWA), MVO, BRC, IFS etc. Everybody appeals to these in public and leaves good impressions. Ratings and certificates are also supplied to financially weak parties (Greece). Then one asks oneself the question what is the value of this? And wonders. "The question is: Who issues ratings and certificates? Who are they? Which criteria apply? Are the same criteria valid for all EU countries? Financial capacity of applicants? What penalty when violating? How has the inspection been arranged? Who does the harmonisation? It would give a wrong impression if in the end AEO, HACCP, MVO, BRC, IFS etc. etc. certified financially weak companies, which may well go insolvent" the trader continues. "Banks have been prohibited to sell products with misleading information, as this is not in line with transparency and socially responsible entrepreneurship, which they pursue. What is the value of certification and rating when the one is in conflict with the other?"
 
Lehmann & Troost B.V.

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