Australians In World’s Top 100 Corporations
Thursday, 25th January 2007 at 1:38 pm
Three Australian companies are listed among the 100 most sustainable corporations in the world announced in Switzerland overnight.
Corporate Knights Inc. and Innovest Strategic Value Advisors announced the third G100 list at the Davos World Economic Forum.
The G100 includes companies from 16 countries in sectors ranging from Oil and Gas to Wireless Telecommunication Services that were evaluated according to how effectively they manage environmental, social and governance risks and opportunities, relative to their industry peers.
On a country basis, the United Kingdom led the way with 24, with the United States (19) and Japan (13) following. Approximately one-third of the ranked companies were replaced from last year’s list.
Australia’s three companies are all from the financial sector – Insurance Group Australia, Investa Property Group and Westpac Banking Group.
Matthew Kiernan, CEO of Innovest, a New York-based international investment advisory firm, whose analysis underpins the list, says the G100 companies are proactive in their response to investor and other stakeholder demands for better management of risks such as climate change.
He says Innovest believes that these sustainability leaders will create significant long-term value through innovation, lower costs, better employee recruiting and retention and consumer choice. G100 companies will likely continue to out-perform the competition as a result.
Toby Heaps, co-Founder and Editor of Corporate Knights magazine, says that increased environmental scrutiny and regulatory action are opening the floodgates for trillions of dollars of investment capital to flow into companies with a green edge, and the G100 are well-placed to surf this long-wave.
The G100, a select group of companies taken from a pool of some 1,800 international companies, provides investors – and other stakeholders, – with a unique evaluation tool.
The Global 100 Most Sustainable Corporations in the World is a project initiated by Corporate Knights Inc.(www.corporateknights.ca), with Innovest Strategic Value Advisors Inc. (www.innovestgroup.com),
Launched in 2005, the annual Global 100 is announced each year at the World Economic Forum in Davos.
To view the companies click on the attachment below.