The world’s top 10 sustainable companies
Energy Digital takes a look at the global corporations and brands who ranked in the World’s Most Sustainable Companies, as compiled by Toronto-based media company Corporate Knights. Each year, it determines which 100 companies are getting the most out of their capital, maximising employee performance, and making careful use of resources. Those seen here are achieving top performance — we have highlighted the top 10 from the list.
10. City Developments (CDL) – Real estate company City Developments Limited (CDL) came in tenth in the rankings.
CDL is the first and only Singapore company to be listed on the ranking for seven consecutive years. It first appeared at 81st place on the list in 2010, and moved up to 34th place in 2015.
City Developments Limited (CDL) is a Singapore-listed international real estate operating company with a global presence spanning 94 locations in 26 countries. As one of Singapore's largest companies by market capitalisation, its income-stable and geographically-diversified portfolio comprises residences, offices, hotels, serviced apartments, integrated developments and shopping malls, totalling over 18 million square feet of floor area globally.
Chief Executive Officer Grant Kelley says: “We are focused on sustainable development and have helped to green Singapore with more than 80 Green Mark buildings.”
9. RB - Reckitt Benckiser Group – RB (formerly Reckitt Benckiser), a global company that operates in more than 60 countries, now ranks ninth in the Corporate Knights’ listing.
In 2012 RB launched its global sustainability strategy, betterbusiness, which includes four big goals to be achieved by 2020; 1/3 less carbon footprint & water impact; 1/3 net revenue from more sustainable products; reach more than 200 million people to improve their health and hygiene behaviour; and partner with Save the Children to ‘Save a Child Every Minute’.
8. StarHub - StarHub was named eighth most sustainable company and also ranked as the most sustainable organisation in Singapore.
StarHub is a fully integrated info-communications company providing a wide range of services for TV, mobile, internet and other platforms in Singapore.
Mr Tan Tong Hai, Chief Executive Officer of StarHub, says: “It is an honour for us to be ranked as the eighth most sustainable company in the world. I am very happy that our efforts to create a sustainable future and to deliver long term value for our stakeholders are recognised. It has always been important to us to do what is right for the business, community and the environment. Our efforts are ongoing, and we will continue to work hard in our sustainability efforts.”
7. Danske Bank - Danske Bank achieved seventh place in the list.
Danske Bank is a Nordic universal bank, headquartered in Copenhagen, offering a full range of banking services.
Measured by total assets, the Danske Bank Group is the largest financial enterprise in Denmark and one of the largest players in northern Europe.
6. Enagás - Enagás has managed to reach sixth position of the 2016 Global 100 Most Sustainable Corporations in the World.
Enagás is Spain’s leading natural gas transmission company and technical manager of the country’s gas system. It has around 11,000 km of gas pipelines, three underground storage facilities in Serrablo (Huesca), Gaviota (Vizcaya) and Yela (Guadalajara) and four regasification plants in Barcelona, Huelva, Cartagena and Gijón. It also owns 50 percent of the BBG regasification plant in Bilbao, 30 percent of the regasification plant in Sagunto and 100 percent of Gascan, a company constructing two regasification plants in the Canary Islands.
Sustainability is one of the four strategic pillars of Enagás. The company also boasts a presence on the prestigious Dow Jones Sustainability Index (DJSI).
Video (in Spanish): https://www.youtube.com/watch?v=InZRZ9_Sm5Q
5. Adidas - Adidas, the second-largest sportswear manufacturer in the world, which clocked in at number three last year, came in at number five this year (Its biggest competitor, Nike, did not make the list.)
Adidas is a German multinational corporation that designs and manufactures sports clothing and accessories based in Herzogenaurach, Bavaria, Germany. It is the holding company for the Adidas Group, which consists of the Reebok, Taylor Made - Adidas golf and Rockport.
4. Commonwealth Bank of Australia - Commonwealth Bank has been named the most sustainable company in Australia, as well as the most sustainable bank in the world.
It is Australia’s leading bank, offering a full suite of financial products and services.
Kylie Macfarlane, General Manager, Corporate Responsibility, Commonwealth Bank says: “This diverse scorecard approach to sustainable business practices is valuable in that it ensures every part of the way we do business is considered.
“This includes everything from our achievement of 35 percent women in senior management ranks to a new target to have 40 percent by 2020; to reducing our energy consumption; as well as ensuring that we have industry-leading and transparent reporting around a range of indicators such as tax paid, superannuation fund status and carbon emissions.”
3. Outotec - Outotec has been ranked for the second time the world`s third most sustainable company on the Global 100 Index.
As the global leader in minerals and metals processing technology, Outotec has developed many breakthrough technologies over the decades. The company also provides innovative solutions for industrial water treatment, the utilisation of alternative energy sources and the chemical industry.
"We are extremely happy about our third place on the Global 100 list which recognises Outotec`s continued efforts to enable sustainable use of natural resources. We work hard to reduce the environmental impact of our customers` operations through resource efficient and cleaner processing technologies and services as well as solutions for waste-to-energy, industrial water management, recycling and reprocessing of tailings and effluents," says Pertti Korhonen, CEO of Outotec.
2. Dassault Systèmes – For the fifth consecutive year, Dassault Systèmes has made the list and is also now the highest ranked technology company on the list.
Dassault Systèmes provides business and people with 3D experiences to imagine sustainable innovations capable of harmonising product, nature and life. Sustainability is at the heart of all company activities—from its industry sectors to research and development, site management and human resources.
In a statement about its commitment to sustainability the company says: “A leader in sustainable innovation, Dassault Systèmes delivers digital technologies, which have helped companies make headway in areas such as energy transition, sustainable mobility, and in the creation of intelligent cities designed to satisfy the evolving needs of the urban citizen. … In the face of dire statistics, repeated climate warnings and dying ecosystems, it is encouraging to know that ground-breaking and promising alternatives, which can save our ailing planet, exist.”
1. BMW - BMW won the top spot thanks to a strong performance in areas such as energy and resource efficiency, as well as waste minimisation.
It also won praise for its transparent approach to paying taxes, its high investment in innovation, low employee turnover and a small disparity between the pay of top management and average workers.
In a statement, Harald Krüger, chairman of the Board of Management of BMW AG, says:
“Sustainability is part of our identity. We have accomplished a great deal and set ourselves further goals for the future. Of course, winning ratings and rankings is not our main priority – but it shows that our activities continue to have an impact and that we are on the right track.”
Corporate Knights (CK) is a media, research and financial information products company based in Toronto, Canada, focused on promoting an economic system where prices fully incorporate social, economic and ecological costs and benefits, and market participants are clearly aware of the consequences of their actions. The company calls such a system "clean capitalism."
Top 10 ways to prepare for COVID-19
Energy Digital sets out Gartner’s Top 10 ways organisations can prepare for a pandemic, via effective operational risk management.
As the spread of the Coronavirus (COVID-19) continues to develop, many businesses are left uncertain as to whether their risk mitigation plan is sufficient.
In a recent webinar conducted by the research and advisory firm just 12% of 1,500 people believe that their business is highly prepared for the impact of COVID-19, while 56% believed themselves to be somewhat prepared, and 11% believed themselves to be very unprepared.
“Most organizations have done some pandemic planning but still have many unanswered questions about whether they have done everything they can to manage risks,” says Jim Mello, Senior Director, Advisory, Gartner.
Establish a preparedness framework
Establish a team that represents all critical business functions. These people will report directly to executive management and are responsible for prioritising the importance of business activities and organise them in tiers for response and recovery.
Monitor the situation
It is important to ensure that organisations monitor the rate in which the infection is spreading and its severity. Many rely on the World Health Organisation for information.
Be sure to revise revenue forecasts and communicate with investors, as well as suppliers in regards to any potential finance issues. It is important to ensure that the business has the working capital to ride it out.
Ways to ensure this include: working capital checks, seeking loans or government-sponsored financial relief.
Extend personal hygiene and cleaning protocols
It is important to comply with any changes to workplace regulations. In addition, it is important to establish protocols for staff returning from infected areas, as well as extending existing hygiene activities.
Ensure close monitoring of absenteeism rates for signs of problems. It is important to identify critical staff in order to make sure the company can continue to function in their absence and be prepared for up to 40% absentee rates.
In addition to reviewing HR policies and procedures, it is important to maintain a level of sensitivity when it comes to engaging with employees and workplace preferences.
Establish a communication programme
People can feel out of the loop quickly. Establish a spokesperson appropriate for the situation who can maintain lines of communication. In addition, organisations should establish pre-approved messages and scripts for various stakeholders.
Review the impact on the operation
Although this may seem overwhelming, the team established to represent all critical business functions should identify key areas to consider. It is important to maintain a connection with the reality on the ground in countries affected.
Key questions to consider: is transport functioning? Have holidays been extended? Where can operation continue and where do they need to stop?
IT business functions tend to be relatively well-prepared for business continuity. However, it is important to assess the supply chain for critical equipment and keep extra inventory if required.
In addition, organisations should keep in mind remote data centre management and cloud options for critical systems as well as enabling remote working programs and rescheduling any non-essential IT work prioritising key applications.
Review pandemic plans to identify any gaps in response
Conduct a preparedness exercise by validating roles and responsibilities as well as recovery requirements and procedures, in order to identify any gaps in the recover capabilities and resource needs.
Following the establishment of a pandemic plan, identify three lessons learned, key observations or improvements for the exercise. After establishing these organisations should priorities the short and long term follow up actions.