Who Made it to The Global 100 Most Sustainable?

By MarEx 2014-01-23 18:00:00

Statoil has been ranked the world's fourth most sustainable company in The Global 100 for 2014, and Neste oil sixth. 

Top place went to Westpac Banking Corporation of Australia. The Global 100 list is produced by Corporate Knights, an independent consultancy company, and is based on an analysis of around 4,000 listed companies across a range of industries worldwide. These are reviewed against a range of indicators covering areas such as greenhouse gas emissions, energy and water consumption, and the amount of waste they generate in relation to the financial benefit they produce. The review process also covers safety performance, remuneration, leadership, equality, commitment to R&D and the taxes they pay.

Other companies that made it in were:
Siemens (27th)
Royal Dutch Shell (51st)
Mitsubishi Heavy Industries (66th)
BG Group (71st)
Hess Corporation (88th)

It is the eighth time in succession that Neste Oil has been selected for inclusion in this list of the world's 100 most sustainable companies. Last year, Neste Oil was ranked fourth in the list. Neste Oil achieved some major milestones in the sustainability area in 2013. These included achieving its target of only using certified palm oil as an input for producing renewable diesel, for example, and launching a collaborative effort with The Forest Trust (TFT), a non-profit organization focused on preventing deforestation, to promote sustainable palm oil production. Neste Oil also published its No-Deforestation Guidelines.

Extending Neste Oil's feedstock base is one of the cornerstones of the company's strategy, and the majority of Neste Oil's R&D expenditure is devoted to research into renewable inputs. Neste Oil is contributing to resource efficiency by using significant amounts of waste and residues in its renewable diesel production. Waste and residues, in fact, currently account for over half of the renewable inputs that Neste Oil uses today.

"We are extremely proud of our long-term success in being included in The Global 100," says Neste Oil's president and CEO, Matti Lievonen. "Sustainability is a central component of our strategy and integral to all our operations. As part of our cleaner traffic strategy, we have invested close to EUR 1.5 billion in our cleantech business over the last five years, and the NExBTL renewable diesel that we have developed is an excellent tool in helping combat climate change."

Mitsubishi Heavy Industries has been selected as a "Global 100" company for six times, including this year. MHI was included in recognition especially of its outstanding quartile performance ratings compared to its industry peers with respect to greenhouse gas (GHG) productivity, waste productivity, employee turnover and innovation capacity. 

Going forward MHI will maintain and carry out its commitment to protecting the environment through its products and technologies, to support education and, through activities in all phases of its business processes, to proactively address and resolve social issues of global scale. In addition to preventing or reducing negative impact on society, the company will seek to increase its positive influences as its way of contributing to the development of a truly sustainable society.