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Richtopia: Siemens tops list of 20 Most Sustainable Multinational Corporations Worldwide
Richropia named Siemens company as no 1 among Top 20 Most Sustainable Multinational Corporations Worldwide, while L’Oréal at the tail of the list.
A sustainable company is a business striving to reduce the impact of their organization on Planet Earth’s non-renewable resources and improving human rights.
As constant economic growth and sustainable development could be conflicting at times, sustainability is often misunderstood by shareholders.
Some companies have resorted to green-washing instead of making meaningful changes, marketing their products in ways that suggest green practices.
This is why Richtopia partnered with Be on Top as part of a Master’s degree program at Sup de Pub to investigate the most sustainable international companies globally.
Be on Top has relied on the famous report by Corporate Knights Inc, which has a media and a research division producing corporate rankings, research reports and financial product ratings based on corporate sustainability performance.
It is the best-known ranking system covering sustainable corporations.
Siemens – which came at the top of 20-storng list – is an international group from Germany specializing in new technology.
Worried about the future generations and the environment, Siemens UK decided on becoming a sustainable company in 2012.
At the time of writing, the former CEO Roland Aurich, and current CEO Juergen Maier agreed to commit on three key areas; environment, education, and social.
L’Oréal – which is a French company commercializing cosmetics since 1909 – came at the tail of the list. The CEO Jean Paul Agon, is committed to make 100% of their products sustainable by 2020 in three main areas; working on formulas reducing L’Oréals’ environmental footprint to protect the environment and biodiversity; creating new packaging with an improved environmental profile, and also committed to ending animal testing through alternative methods such as tissue engineering; and providing a better quality of life for employees by giving them securities such as access to health-care with the best practices and providing financial protection in unexpected life-events.
POSCO – a multinational steel-making company headquartered in South Korea – ranked no 19 on the list.
In the 18th position came Pearson – the world’s largest education company, with over 35,000 employees in more than 70 countries providing a range of educational products and services to institutions.
Pearson is committed to transforming sustainability to respond effectively to the world’s biggest challenges, maximize the value they create for stakeholders, and increase their positive impact on society.
Novozymes – a global biotechnology company headquartered in Bagsværd outside of Copenhagen – occupied the 17th position. To them sustainability means adding value in the economic, environmental, and social spheres.
Novozymes uses Life Cycle Assessment (LCA) studies to assess the environmental impact of their solutions covering the entire life cycle from cradle to grave.
Marks and Spencer (also known as M&S) – a major British multinational retailer, founded in 1884 – occupied the 16th position in the list.
The company is committed to delivering sustainable value for its stakeholders.
Schneider electric – a French company – occupied the 15th position. In the 14th position came Syngenta AG – a global Swiss agribusiness producing agrochemicals and seeds.
The Swedish company Holmen came in the 13th position, while Natura Brasil ranked no 12. The Finnish multinational telecommunication company Nokia occupied the 11th position.
The German luxury vehicle company BMW ranked no 10. The BMW Group started a sustainability plan in 2015 with an aim of reaching it by 2020.
The group’s line-up has included seven all-electric or hybrid models. 58% of electricity purchased by BMW Group worldwide already comes from renewable energy sources.
By 2020 BMW Group would like to significantly increase transparency and resources efficiency throughout its supply chain. The group already invested more than €350 million for further education and training programs since the inception of its sustainability plan.
The German company Henkel ranked no 9, while MC Cormick – an American multinational company specialized in the agro-food sector – came in the 8th position.
Derwent London occupied the 7th rank, while Dassault Systèmes – a French company offering software, content and services designed to support companies in their innovation processes – came in the sixth position.
Netherland’s DSM which is specialized in the nutrition and pharmaceutical markets – occupied the fifth position, while Johnson & Johnson – an American pharmaceutical company – ranked no 4.
Netherlands’ Philips – which is one of the most important groups worldwide for home appliances, lighting and medical equipment – occupied the 3rd position.
The company created a sustainable program in 2016 with aims to be fulfilled by 2020. The company plans to recycle 90% of operational waste and aims to send zero waste to landfill and be carbon neutral in their operations, employing 100% renewable electricity.
Cisco – an American company specialized in network hardware – occupied the 2nd position.
Since 2012 Cisco worked to improve energy efficiency by implementing circular economic methods to turn waste into resources.
Recently the company announced a new goal to avoid one million metric tons of greenhouse gas emissions from its supply chain operations by 2020.
The company makes donations of collaborative and networking technologies to reduce their environmental footprint of their community partners.
Cisco is fueling new sustainability solutions across the world economy, which help improve efficiency in energy, water, waste and more.
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