Corporate Social Responsibility is becoming increasingly important and global corporations are focusing on sustainability. Reduction of CO2 emissions and waste, diversity and other sustainable aspects are the basis of the CSR assessment.
Top 10 Most Sustainable Companies Worldwide
- Chr. Hansen Holding
- Kering SA
- Neste Corporation
- GlaxoSmithKline plc
- Prologis, Inc.
- Banco do Brasil SA
- Shinhan Financial Group Co.
- Taiwan Semiconductor
In times of climate change and scarcity of resources, corporate social responsibility is one of the most important issues for global corporations that want to survive in the long term and remain competitive. Also gender diversity, fairness and other aspects of sustainability are discussed at the top of the management level.
Corporate Social Responsibility rating
Since 15 years the Top 100 global companies (Annual revenue more than 1 billion USD) based on their CSR, meaning sustainability, rated and ranked. The ranking is analyzed and published by the Canadian financial information company and magazine "Corporate Knights", which focuses on sustainability. The valuation methodology is based on up to 21 Performance Indicators (KPIs) for Resource Management, Leadership, Financial Management, Supplier Performance, and Clean Revenue. The latter are revenues from the segments Clean Transition, CO2 Reduction and Circular Economy, which were weighted for the first time with 50% this year.
Top 3 of the ranking
At Place 1 stands the Danish company Chr. Hansen Holding. A global Bioscience company that develops natural solutions for the food, nutrition, pharmaceutical and agricultural industries. Chr. Hansen scored 100% on the Clean Revenue indicator, meaning that the company's products have clear environmental and social benefits.
The French group Kering, which owns Gucci, Balenciaga and Yves Saint Laurent, is up Place 2 the ranking. Kering attaches great importance to sustainability and sources 40% of its resources from sustainable sources. In addition, 60% of the board members are women, ie more than 40% higher than the average for similarly large corporations.
The Finnish mineral oil company Neste Corporation ranks Place 3, The company is shifting its focus from fossil fuels to renewable biofuels, and 50% of its profits come from biofuels businesses.
German companies in the ranking
Five German companies are represented among the top 100 companies for corporate social responsibility. Siemens AG ranked 28, Commerzbank and Osram AG ranked 67 and 77, and the sports brand Adidas ranked 84. Bayerische Motoren Werke BMW has fallen from 2018 to 17 in 99 and is overtaken by its competitors Tesla and Toyota. See the whole here List.