Newsweek teams up with Corporate Knights Capital to rank the 10 most leading companies in sustainability.
The Newsweek 2014 green rankings consist of US 500, which ranks the 500 largest publicly traded companies in the United States and the Global 500, which looks at the 500 largest publicly traded companies globally.
Taking the top spot on the global list is the French media and telecoms giant, Vivendi. The firm’s high ranking is partly due to tying the remuneration of its senior executives to corporate environmental performance targets.
In close second (but top on the US list) is California-based pharma company, Allergen. The firm, best known as the world’s largest producer of Botox, has been tracking its sustainability performance since 1992.
By industry, healthcare is really storming the charts on the US list, with materials also making multiple entries. On the global side, telecoms, industrial and consumer discretionary make equal numbers. Another notable entry is IT, which appears once in both rankings.
“What we’re seeing more and more is a direct link between corporate sustainability, reputation, and financial success,” said Elijah Wolfson , senior editor at Newsweek. “Many of the world’s largest public companies have begun to recognize that in order to be successful moving forward, they need to openly account for their environmental impact. The goal of Newsweek’s Green Rankings is to add to and push for this type of accountability.”
But it seems that accountability is on the rise, as the project found that a majority of the world’s largest companies are now disclosing environmental data to the market. In fact, over 75% of the Global 500 and 60% of the US 500 now disclose data on their carbon emissions to investors. This is impressive when you consider that there was almost no disclosure a decade ago.
Here’s the rankings:
1. Vivendi (telecommunication services) – 85.3%
2. Allergan (healthcare) – 85.1%
3. Adobe Systems (IT) – 84.4%
4. Kering (consumer discretionary) – 83.6%
5. NTT Docomo (telecommunication services) – 83.1%
6. Ecolab (materials) – 82.6%
7. Atlas Copco (industrials) – 77.2%
8. Biogen Idec (healthcare) – 75.7%
9. Compass Group (consumer discretionary) – 75.3%
10. Schneider Electric (industrials) – 75.3%
1. Allergan (healthcare) – 85.1%
2. Adobe Systems (IT) – 84.4%
3. Ball Corporation (materials) – 83.5%
4. Ecolab (materials) – 82.6%
5. Sigma-Aldrich (materials) – 79.7
6. McCormick (consumer staples) – 77.6%
7. Biogen Idec (healthcare) – 75.7%
8. Rockwell Automation (industrials) – 73.7%
9. Cardinal Health (healthcare) – 71%
10. Agilent Technologies (healthcare) – 70.9%