GlaxoSmithKline plc features in the top five companies out of 100 on a roster of the most sustainable companies in the world.
The Global 100, compiled Canada-based sustainability-focused financial information company and magazine, Corporate Knights, also features Unilever (65th) Campbell Soup Company (85th) and L’Oreal SA (98th).
The list, now in its 15th year, ranks large corporations across the globe on their performance reducing carbon and waste, gender diversity among leadership, revenues derived from clean products, and overall sustainability.
The top company on this years list is Chr. Hansen Holding, the Danish bioscience firm that develops natural solutions for preserving foods such as dairy products.
In order to compile the list, Corporate Knights commissioned a ten-person in-house team of researchers and data scientists, as well as 50 outside data collectors, to analyse financial and ecological information from various sources, with Bloomberg and Thompson Reuters among them.
In terms of gender diversity among leadership, almost half of L’Oreal’s board is comprised of women (47%), the sixth highest on the list. Women account for 42% of GSK’s board, 28% of Unilever’s board and 33% of Campbell Soup Co’s board.
Clean Revenue, which deducts the percentage of total revenue derived from products and services that are categorised as “clean”, was also a key factor, with GSK leading the FMCG charge with 60% of its revenue judged to be “clean”.
On the opposite end of the spectrum, Unilever scored 28% for Clean Revenue, while Campbell Soup Co and L’Oreal scored 9% and 0% respectively.
© 2019 Checkout – your source for the latest Irish retail news. Article by Aidan O’Sullivan. Click subscribe to sign up for the Checkout print edition.