13 Apr The Most Sustainable Corporations Around the Globe Last Year
The Toronto-based research firm and magazine Corporate Knights has released their Global 100 list of the most sustainable corporations around the globe every year since 2006. Determining their rankings by crunching data available to the public, Corporate Knights focuses on 14 key metrics to evaluate a corporation’s finances, usage of resources, and other factors. The list takes about 1,000 hours per year to produce and is the result of extensive research and analysis, according to Forbes.
Here are the most sustainable companies in the world, as of this year:
Ranked first was German industrial conglomerate Siemens, which encapsulates a host of businesses that vary from medical imaging systems to power plants. Siemens was the most energy-efficient corporation in its sector, and received top marks in every metric. Its low carbon footprint, low employee turnover, and dedication to producing environmentally friendly infrastructure helped secure its number one spot.
Second place went to Storebrand ASA, a Norwegian insurance company. They scored very well across the board as well, showing their commitment to sustainability. They scored the highest on CEO pay – their top executive gets paid 12 times as much as a typical employee, which is a considerably smaller gap that a normal corporation (whose CEO’s are paid 115 times that of a typical worker). Limiting excess at the top allows Storebrand ASA to flex their sustainability practices and pay their workers fairly.
Coming in third was Cisco, the American networking technology company. Among its high scores, one notable benchmark was its diversity measure: there are nearly two times as many women in executive positions at Cisco than at other corporations. Forbes asserts that investing in companies that practice sustainability and financial restraint like these companies is great for stockholders – returns are actually higher when you invest in the most sustainable companies.
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