Today, during the Annual World Economic Forum in Davos, Corporate Knights released its 15th annual list of the worlds’ 100 most sustainable corporations, following a rigorous analysis of some 7,500 companies with US$1B+ in revenues. A comparative financial performance and corporate longevity analysis of the Global 100 companies against the MSCI All Country World Index supports the mounting case that sustainable corporate performance is consistent with equal or better returns for investors and greater corporate longevity.
The Global 100’s “clean revenue” metric, which was introduced in last year’s ranking and now counts for 50 per cent of each company’s score, measures the percentage of revenues earned from products or services that have environmental, or well-defined social benefits. Refined “peer group” definitions used to score companies were introduced this year and have improved the comparability and precision of the rankings.
“At ABB, we believe in embedding sustainability into our culture. Our sustainable technologies are what lie at the heart of ABB’s business. Here in Canada, we're building a more sustainable future with all the benefits of modern innovation. We should be proud that we are driving green technology forward and bringing the rest of the world along with us,” said Nathalie Pilon, President, ABB Canada. “More than half of our global revenues come from solutions that directly address the causes of climate change, and a large part of our value proposition is centered on improving the energy efficiency of our customers’ operations while reducing downtime and waste. We create sustainable value for all our stakeholders,” adds Pilon.
“The Global 100 companies show that doing what is good for the world can also be good for financial performance,” said Toby Heaps, CEO of Corporate Knights.
ABB’s mindfulness and awareness for sustainability considers the design and manufacturing of its products, what we offer customers, how we engage suppliers, how we assess risks and opportunities, and how we behave in the communities where we operate and towards one another, while striving to ensure the health, safety and security of our employees, contractors and others affected by our activities.
From major partner in the global solar industry to leading the way in sustainable transportation, our intent is to improve the environment and make a lasting impact.
Global 100 companies come from 21 different countries, predominantly in North America (there are 22 American and six Canadian companies on the list) and Western Europe, where 13 countries collectively account for 51 ranked companies. The other 21 ranked companies come from Australia, Brazil, Japan, Singapore, South Korea and Taiwan.
Sectorally, 20 ranked companies are in IT and 17 in the financial sector. With the addition of the consumer discretionary, health care, and industrials sectors, these five sectors make up almost three-quarters of the Global 100 in line with its comparator benchmark.
For full rankings and methodology details, please see:
ABB (NYSE: ABB) is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally. Continuing a history of innovation spanning more than 130 years, ABB today is writing the future of industrial digitalization and driving the Energy and Fourth Industrial Revolutions. As title partner of Formula E, the fully electric international FIA motorsport class, ABB is pushing the boundaries of e-mobility to contribute to a sustainable future. ABB operates in more than 100 countries with about 147,000 employees. www.abb.com
About ABB in Canada
In Canada ABB has a strong history of over a hundred years of Canadian innovation and the company continues to expand and localize its offerings for customers. With its Canadian corporate headquarters in Montreal, ABB operates close to 50 facilities and employs approximately 4,000 people across the country.
About Corporate Knights: Corporate Knights Inc. includes the sustainable business magazine Corporate Knights and a research division that produces rankings and financial product ratings based on corporate sustainability performance.
About the Global 100 Most Sustainable Corporations in the World: The Global 100 is an annual project initiated by Corporate Knights, the company for clean capitalism. Launched in 2005, the Global 100 is announced annually on the sidelines of the World Economic Forum in Davos