As corporate sustainability rapidly becomes a core element of global business, companies need to adjust accordingly to be competitive. Industry experts advise that to be able to embrace the paradigm shift, organizations must have key leaders who have a clear vision of the direction of their environmental, social and governance (ESG) programs. They need the right sustainability leaders to continually raise the bar when it comes to the sustainability programs reflected in their annual corporate social responsibility (CSR) reports. The Guardian News stressed that these reports are considered vital by shareholders and investors in their decision-making process, as they showcase a company’s ESG and CSR efforts.
Top Global Sustainable Corporations
In the recent Global 100, a program of the Toronto-based media and investment firm Corporate Knights, organizations were given recognition for remarkable performance in their sustainability programs and strategies. Based on a set of key performance indicators (KPIs), sustainability performance was measured in terms of proper management of resources, employees and finances.
Following are the Top 3 Sustainable Companies for 2015 as recognized by the Global 100:
1. Biogen Idec
Biogen Idec, an American biotechnology company specializing in developing treatments for Multiple Sclerosis and other autoimmune and neurodegenerative diseases, ranked first in the Global 100. Achieving a sustainable rating of 73.5%, Biogen Idec is committed to improving patient lives as well as effectively incorporating sustainability solutions across the company and its daily business operations. Details of their sustainability performance were disclosed in their 2013 Corporate Citizenship Report.
Ranking second with a corporate sustainability rating of 72.8%, Allergan is a company focused on developing innovative pharmaceutical products. In their 2014 Sustainability Performance Report, Allergan highlighted some of their key challenges and achievements. They are committed to UN Global Compact programs on climate change, water conservation and anti-corruption practices.
3. adidas Group
adidas, a German sports apparel and equipment company with a corporate sustainability ranking of 72.6% in the Global 100, placed third. According to their Sustainability Progress Report 2013, integrating sustainability into their business strategy is a framework they were pleased to adopt. They identified four pillars (4Ps) in their sustainability efforts—people, planet, product and partnership.
Leading by example is powerful. These companies understand that sustainability is a key driver of innovation. The quest for sustainability is transforming the competitive landscape and compelling companies to change the way they operate. Is sustainability part of your core business strategy this 2015?
FCS’ Sustainability Solutions
FirstCarbon Solutions (FCS) is a leading provider of environmental and sustainability solutions, offering fully integrated consulting, software and data management services. With expertise in LCA and Supply Chain Services, we develop cost-effective solutions to help businesses integrate sustainability in their daily operations. For more information on managing your supply chain, read this FCS blog article.