Corporate Knights released its 15th annual list of the world’s 100 most sustainable corporations in Davos today, 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.
According to the research, the world’s most sustainable corporation in 2019 is Chr. Hansen, a Danish bioscience company, which uses “good bacteria” to provide natural means for preserving food, protecting plants and reducing overreliance on antibiotics in livestock farming. Eighty-one per cent of Chr. Hansen’s revenues are categorized as “clean,” according to the Corporate Knights taxonomy. It also has strong representation of women on its board and in its executive ranks, and the company now links executive compensation to corporate diversity targets.
Other top spots on the 2019 ranking: second-place went to Kering S.A., a French apparel and accessories manufacturer, which pioneered Environment, Profit & Loss accounting as a way of making environmental impacts directly visible on the corporate bottom line. Kering was ahead of all other companies on representation of women on its board at 64 per cent.
Third place went to Neste Corporation, a Finnish petroleum refiner that earned 25 per cent of its revenues from refining biofuels and aims to boost that to 50 per cent by 2020.