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Statoil tops 2011 Global 100 List
09.02.2011
Norwegian-owned energy company Statoil has topped a list of the most sustainable companies globally for 2011.
The Global 100 Most Sustainable Corporations in the World, compiled by Corporate Knights magzine, which promotes clean capitalism, judges the corporations that it believes has most proactively managed environmental, social and governance issues. The list is announced each year at the World Economic Forum in Davos.
Included in the Global 100's key performance indicators are energy, water, carbon and waste productivity; leadership diversity (percentage of women board directors); ratio of CEO to average employee’s compensation; percentage of tax paid; sustainability leadership (presence of board committee dedicated to sustainability issues); sustainability pay link; and innovation capacity.
Statoil is followed by Johnson & Johnson in second place, Danish bio-industrial products manufacturer Novozymes in third place, and Nokia in fourth.
Umicore, Intel, Astrazenec, Credit Agricole, Storebrand and Danske Bank make up the remainder of the top 10.
It’s interesting to note that eight of the top 10 companies are European-owned. Of the 22 countries represented, Japan has highest number of companies on the list, with a total of 19 entries, up from five last year. The United States follows with 13 (up one from 2010). The UK’s Global 100 company numbers, meanwhile, fell from 21 in 2010 to 11 this year.
Swedish-owned Hennes & Moritz scored highest in leadership diversity, with women accounting for 56pc of its board members. Statoil and Storebrand, which is also Norwegian, tied for second place with 40pc of their boards made up of women.