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Mapped: Where Are the World’s Most Sustainable Companies?

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The Most Sustainable Companies

Where Are the World’s Most Sustainable Companies?

Everywhere you look, sustainability is permeating social, political, and business agendas.

In recent years, an impressive number of companies have stepped up to take a more active role in shaping a more sustainable future—not just in the environmental sense, but also by taking social and governance factors into consideration.

Today’s chart draws from the Corporate Knights Global 100, an annual ranking of the 100 most sustainable companies, to visualize exactly how many are located in each corner of the world. The companies on the list are clear winners not only because they aim to leave the world a better place, but because their stocks have also outperformed the market on average.

How is Corporate Sustainability Measured?

The researchers rely on readily available data for all publicly-listed companies with at least $1 billion in gross revenue (in PPP), as of the financial year 2018.

Companies are then screened for several key performance indicators (KPIs), including but not limited to the following categories and examples:

  • Resource management
    Example: GHGs and other emissions such as NOx and SOx emissions
  • Financial management
    Example: Innovation capacity, or the percentage of R&D spending against total revenue
  • Employee management
    Example: Women in executive management and/or on boards
  • Clean revenue
    Example: The percentage of total revenue derived from “clean” products and services

The concentration of the most sustainable companies also varies greatly depending on where you look. Here’s a closer view of every region.

Europe: 49/100 Sustainable Companies

Europe is front-and-center in the tidal shift towards more sustainable business, driven by far-reaching regulations. With this in mind, it’s perhaps not surprising to see that Europe is a hotbed of activity.

Nearly half the world’s most sustainable companies are located in Europe. France paves the way with nine sustainable companies in the ranking, followed by Finland with six companies of 100.

RankCompanyIndustryCountry
#1Ørsted A/SWholesale Power🇩🇰 Denmark
#2Chr. Hansen Holding A/SFood and other chemical agents🇩🇰 Denmark
#3Neste OyjPetroleum Refineries🇫🇮 Finland
#6Novozymes A/SSpecialty and Performance Chemicals🇩🇰 Denmark
#7ING Groep NVBanks🇳🇱 Netherlands
#8Enel SpAWholesale Power🇮🇹 Italy
#11Osram Licht AGElectrical Equipment and Power Systems🇩🇪 Germany
#13Storebrand ASAInsurance🇳🇴 Norway
#14Umicore SAPrimary Metals Products🇧🇪 Belgium
#17Iberdrola SAWholesale Power🇪🇸 Spain
#18Outotec OyjMachinery Manufacturing🇫🇮 Finland
#20Accenture PLCTechnology Consulting Services🇮🇪 Ireland
#21Dassault Systemes SESoftware🇫🇷 France
#23Kering SAApparel and Accessory Products🇫🇷 France
#24UPM-Kymmene OyjForestry and Paper Products🇫🇮 Finland
#27H & M Hennes & Mauritz ABApparel and Accessories Retail🇸🇪 Sweden
#28Sanofi SABiopharmaceuticals🇫🇷 France
#29Schneider Electric SEIndustrial Conglomerates🇫🇷 France
#31BNP Paribas SABanks🇫🇷 France
#32Kone OyjMachinery Manufacturing🇫🇮 Finland
#33Verbund AGWholesale Power🇦🇹 Austria
#34Valeo SAConsumer Vehicles and Parts🇫🇷 France
#35ERG S.p.A.Wholesale Power🇮🇹 Italy
#37Vestas Wind Systems A/SElectrical Equipment and Power Systems🇩🇰 Denmark
#38bioMérieuxDiagnostics and Drug Delivery Devices🇫🇷 France
#39Intesa Sanpaolo SpABanks🇮🇹 Italy
#40Koninklijke KPN NVWireless and Wireline Telecomm. Services🇳🇱 Netherlands
#41Siemens AGIndustrial Conglomerates🇩🇪 Germany
#45Koninklijke DSM NVFood and other chemical agents🇳🇱 Netherlands
#46Unilever PLCPersonal Care and Cleaning Products🇬🇧 UK
#52EricssonCommunications Equipment🇸🇪 Sweden
#55Adidas AGApparel and Accessory Products🇩🇪 Germany
#56AstraZeneca PLCBiopharmaceuticals🇬🇧 UK
#59Commerzbank AGBanks🇩🇪 Germany
#61Abb LtdIndustrial Conglomerates🇨🇭 Switzerland
#64Pearson PLCPersonal Professional Services🇬🇧 UK
#65BT Group PLCWireless and Wireline Telecomm. Services🇬🇧 UK
#66Metso OyjMachinery Manufacturing🇫🇮 Finland
#69Assicurazioni Generali SpAInsurance🇮🇹 Italy
#70Acciona SAFacilities and Construction Services🇪🇸 Spain
#71Novo Nordisk A/SBiopharmaceuticals🇩🇰 Denmark
#73Skandinaviska Enskilda Banken ABBanks🇸🇪 Sweden
#76Ucb S.A.Biopharmaceuticals🇧🇪 Belgium
#79GlaxoSmithKline PLCBiopharmaceuticals🇬🇧 UK
#87BASF SESpecialty and Performance Chemicals🇩🇪 Germany
#94Industria de Diseno Textil SAApparel and Accessories Retail🇪🇸 Spain
#98L'Oreal SAPersonal Care and Cleaning Products🇫🇷 France
#99Kesko CorporationFood and Beverage Retail🇫🇮 Finland
#100Amundi SAInvestment Services🇫🇷 France

Denmark’s Ørsted A/S claims the top of the leaderboard in 2020. Within a decade, the company has completely transformed its business model—shifting away from the Danish Oil and Natural Gas (DONG) company into a pure play renewable energy company. The company recognized the importance of this transition:

Running the company just for profit doesn’t make sense, but running it just for a bigger purpose is also not sustainable in the long term. Doing good and doing well must go together.

—Henrik Poulsen, CEO

Just 10 years ago, DONG was 85%-fossil fuel based, and only 15%-renewables based. Today, Ørsted has flipped these proportions. The company attributes its dramatic transformation to the societal demand for green energy, and aims to be carbon-neutral by 2025.

North America: 29/100 Sustainable Companies

In this region, the U.S. alone is responsible for 17 of the top 100 sustainable companies in the world. What’s more, of the 28 new companies to the 2020 Ranking, Canada is the homebase for nine of these entrants.

RankCompanyIndustryCountry
#4Cisco Systems IncCommunications Equipment🇺🇸 U.S.
#5Autodesk IncSoftware🇺🇸 U.S.
#10Algonquin Power & Utilities CorpElectric Utilities🇨🇦 CA
#15Hewlett Packard Enterprise CoComputer Hardware🇺🇸 U.S.
#16American WaterWater Utilities🇺🇸 U.S.
#22McCormick & CompanyFood and Beverage Production🇺🇸 U.S.
#26Prologis IncReal Estate Investment Trusts (REITs)🇺🇸 U.S.
#44Bombardier IncAerospace and Defense Manufacturing🇨🇦 CA
#47Sims Metal Management LtdPrimary Metals Products🇺🇸 U.S.
#48Bank of MontrealBanks🇨🇦 CA
#49Cascades IncContainers and Packaging🇨🇦 CA
#53Danaher CorporationMedical Devices🇺🇸 U.S.
#54Canadian National Railway CoCargo Transportation and Infrastructure Services🇨🇦 CA
#57Stantec IncFacilities and Construction Services🇨🇦 CA
#58HP IncComputer Peripherals and Systems🇺🇸 U.S.
#60Sun Life Financial IncInsurance🇨🇦 CA
#62Alphabet IncInternet and Data Services🇺🇸 U.S.
#67Comerica IncorporatedBanks🇺🇸 U.S.
#74Tesla IncConsumer Vehicles and Parts🇺🇸 U.S.
#77Workday IncSoftware🇺🇸 U.S.
#78Merck & Co IncBiopharmaceuticals🇺🇸 U.S.
#81Intel CorporationSemiconductor Manufacturing🇺🇸 U.S.
#82Analog Devices IncSemiconductor Manufacturing🇺🇸 U.S.
#83IGM Financial IncInvestment Services🇨🇦 CA
#84Canadian Solar IncElectrical Equipment and Power Systems🇨🇦 CA
#88Cogeco Communications IncWireless and Wireline Telecomm. Services🇨🇦 CA
#91Teck Resources Ltd.Metal Ore Mining🇨🇦 CA
#93Campbell SoupFood and Beverage Production🇺🇸 U.S.
#96Telus Corp.Wireless and Wireline Telecomm. Services🇨🇦 CA

Cisco Systems comes in fourth worldwide, partly as a result of its clean revenues worth a stunning $25 billion. Not far behind is Autodesk, which rose an impressive 43 places since 2019. The main factor behind this leap? The software corporation now operates its cloud platforms using 99% renewable energy.

Asia: 16/100 Sustainable Companies

Over in Asia, Japan is a clear leader, boasting six sustainable companies in the list. Interestingly, the companies are from a wide range of industries, from computers (Panasonic) to cars (Toyota).

RankCompanyIndustryCountry
#12Sekisui ChemicalsOther Materials🇯🇵 Japan
#25Taiwan SemiconductorSemiconductor Equipment and Services🇹🇼 Taiwan
#36City Developments LtdReal Estate Investment and Services🇸🇬 Singapore
#43Shinhan Financial GroupBanks🇰🇷 South Korea
#50AdvantechComputer Hardware🇹🇼 Taiwan
#63Capitaland LimitedReal Estate Investment and Services🇸🇬 Singapore
#68Takeda PharmaceuticalBiopharmaceuticals🇯🇵 Japan
#72Konica MinoltaComputer Peripherals and Systems🇯🇵 Japan
#80SamsungElectrical Equipment and Power Systems🇰🇷 South Korea
#85BYD Co.Consumer Vehicles and Parts🇨🇳 China
#86Kao Corp.Personal Care and Cleaning Products🇯🇵 Japan
#89Panasonic Corp.Computer Hardware🇯🇵 Japan
#90VitasoyFood and Beverage Production🇭🇰 Hong Kong
#92Toyota Motor Corp.Consumer Vehicles and Parts🇯🇵 Japan
#95SingtelWireless and Wireline Telecomm. Services🇸🇬 Singapore
#97Lenovo GroupComputer Peripherals and Systems🇨🇳 China

Japanese plastics manufacturer Sekisui Chemicals comes in first in Asia, after an immense improvement of 77 positions in just one year. The company builds environmentally-friendly housing, and 28% of its revenue aligns with the UN’s Sustainable Development Goals (SDGs).

Rest of the World: 6/100 Sustainable Companies

There are a few notable mentions in other regions, too. Brazil’s Banco do Brasil remains in the top ten list, and is one of the three most sustainable companies in all of South America.

RankCompanyIndustryCountry
#9Banco do Brasil SABanks🇧🇷 Brazil
#19CEMIGElectric Utilities🇧🇷 Brazil
#30Natura Cosmeticos SAPersonal Care and Cleaning Products🇧🇷 Brazil
#42National Australia Bank LtdBanks🇦🇺 Australia
#51Standard Bank Group LtdBanks🇿🇦 South Africa
#75Westpac Banking CorpBanks🇦🇺 Australia

More than half of the companies in these remaining regions are banks. Incidentally, financial services are the biggest group in the Global 100 overall.

The Best of Both Worlds

As it turns out, you can have your cake and eat it, too.

Altogether, the Global 100 most sustainable companies have consistently outperformed*, and outlasted the average company in the MSCI ACWI (All Country World Index):

MetricG100MSCI ACWI
Annualized Return7.3%7.0%
Average Company Age83 years49 years

*Between 2005-Dec. 31 2019

Corporate sustainability is a significant driving force for urgent climate action, and the sustainable companies on this list acknowledge the triple bottom line of not just making profit, but also creating a lasting impact on people and the planet.

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Mapped: The Global Reliance on Harmful Cooking Fuels

In this graphic, we map the number of people relying on harmful cooking fuels by region, using data from the World Health Organization.

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harmful cooking fuel reliance by region

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The following content is sponsored by Carbon Streaming Corporation

Mapped: The Global Reliance on Harmful Cooking Fuels

While safe and clean cooking fuels are often readily available in the Western world, over 2 billion people globally lack access to these resources, instead depending on coal, kerosene, wood, and charcoal for their cooking needs.

These fuels, however, have deleterious impacts on human health, climate, and the environment, leading to millions of premature deaths each year and contributing significantly to global CO2 emissions and forest degradation.

To explore this topic in further detail, we partnered with Carbon Streaming Corporation to map the number of people without access to clean cooking alternatives, regionally, according to data from the World Health Organization (WHO).

The Two Billion People Without Access to Clean Cooking

Access to clean cooking fuels and technologies is unevenly distributed worldwide.

The majority of individuals (>95%) in North America, Europe, Australia, and New Zealand enjoy access to clean cooking fuels and technologies.

However, access is a lot lower in many parts of the world. Let’s now take a look at these regions.

RegionNumber of people without access to clean cooking, 2021Share of population without access to clean cooking, 2021
Sub-Saharan Africa935 million82%
Central and Southern Asia723 million35%
Eastern and South-Eastern Asia433 million19%
Latin America and the Caribbean76 million12%
North America and Europe48 million4%
Western Asia and Northern Africa40 million7%
Oceania (excluding Aus. and NZ)11 million85%
GLOBAL2.27 billion29%

With a staggering 935 million people, Sub-Saharan Africa has the highest number of people lacking access to clean cooking. This is more than 80% of the 2021 population.

On the other hand, 85% of the population of Oceania, excluding Australia and New Zealand, lacks access to clean cooking, but because of their smaller population this “only” adds up to 11 million people.

Closing the Gaps

With millions of annual deaths linked to cooking with harmful fuels, in addition to the millions of metric tons of CO2 emissions produced by their combustion, ensuring equitable access to cleaner and safer cooking options is important not just for the health of communities, but also for our planet.

Carbon Streaming’s Community Carbon project brings fuel-efficient solutions to millions of households in Sub-Saharan Africa by distributing cleaner cookstoves in Mozambique, Uganda, and Tanzania and water purification devices in Malawi, Mozambique, Uganda, and Zambia.

 

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Contribute to safer cooking and water in Africa by purchasing carbon credits* from Carbon Streaming.

*Each metric ton purchased represents one carbon credit equivalent that will be retired to support the project. Purchased credits will be retired on the applicable registry by Carbon Streaming on behalf of the purchaser.

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