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.
|#1||Ørsted A/S||Wholesale Power||🇩🇰 Denmark|
|#2||Chr. Hansen Holding A/S||Food and other chemical agents||🇩🇰 Denmark|
|#3||Neste Oyj||Petroleum Refineries||🇫🇮 Finland|
|#6||Novozymes A/S||Specialty and Performance Chemicals||🇩🇰 Denmark|
|#7||ING Groep NV||Banks||🇳🇱 Netherlands|
|#8||Enel SpA||Wholesale Power||🇮🇹 Italy|
|#11||Osram Licht AG||Electrical Equipment and Power Systems||🇩🇪 Germany|
|#13||Storebrand ASA||Insurance||🇳🇴 Norway|
|#14||Umicore SA||Primary Metals Products||🇧🇪 Belgium|
|#17||Iberdrola SA||Wholesale Power||🇪🇸 Spain|
|#18||Outotec Oyj||Machinery Manufacturing||🇫🇮 Finland|
|#20||Accenture PLC||Technology Consulting Services||🇮🇪 Ireland|
|#21||Dassault Systemes SE||Software||🇫🇷 France|
|#23||Kering SA||Apparel and Accessory Products||🇫🇷 France|
|#24||UPM-Kymmene Oyj||Forestry and Paper Products||🇫🇮 Finland|
|#27||H & M Hennes & Mauritz AB||Apparel and Accessories Retail||🇸🇪 Sweden|
|#28||Sanofi SA||Biopharmaceuticals||🇫🇷 France|
|#29||Schneider Electric SE||Industrial Conglomerates||🇫🇷 France|
|#31||BNP Paribas SA||Banks||🇫🇷 France|
|#32||Kone Oyj||Machinery Manufacturing||🇫🇮 Finland|
|#33||Verbund AG||Wholesale Power||🇦🇹 Austria|
|#34||Valeo SA||Consumer Vehicles and Parts||🇫🇷 France|
|#35||ERG S.p.A.||Wholesale Power||🇮🇹 Italy|
|#37||Vestas Wind Systems A/S||Electrical Equipment and Power Systems||🇩🇰 Denmark|
|#38||bioMérieux||Diagnostics and Drug Delivery Devices||🇫🇷 France|
|#39||Intesa Sanpaolo SpA||Banks||🇮🇹 Italy|
|#40||Koninklijke KPN NV||Wireless and Wireline Telecomm. Services||🇳🇱 Netherlands|
|#41||Siemens AG||Industrial Conglomerates||🇩🇪 Germany|
|#45||Koninklijke DSM NV||Food and other chemical agents||🇳🇱 Netherlands|
|#46||Unilever PLC||Personal Care and Cleaning Products||🇬🇧 UK|
|#52||Ericsson||Communications Equipment||🇸🇪 Sweden|
|#55||Adidas AG||Apparel and Accessory Products||🇩🇪 Germany|
|#56||AstraZeneca PLC||Biopharmaceuticals||🇬🇧 UK|
|#59||Commerzbank AG||Banks||🇩🇪 Germany|
|#61||Abb Ltd||Industrial Conglomerates||🇨🇭 Switzerland|
|#64||Pearson PLC||Personal Professional Services||🇬🇧 UK|
|#65||BT Group PLC||Wireless and Wireline Telecomm. Services||🇬🇧 UK|
|#66||Metso Oyj||Machinery Manufacturing||🇫🇮 Finland|
|#69||Assicurazioni Generali SpA||Insurance||🇮🇹 Italy|
|#70||Acciona SA||Facilities and Construction Services||🇪🇸 Spain|
|#71||Novo Nordisk A/S||Biopharmaceuticals||🇩🇰 Denmark|
|#73||Skandinaviska Enskilda Banken AB||Banks||🇸🇪 Sweden|
|#76||Ucb S.A.||Biopharmaceuticals||🇧🇪 Belgium|
|#79||GlaxoSmithKline PLC||Biopharmaceuticals||🇬🇧 UK|
|#87||BASF SE||Specialty and Performance Chemicals||🇩🇪 Germany|
|#94||Industria de Diseno Textil SA||Apparel and Accessories Retail||🇪🇸 Spain|
|#98||L'Oreal SA||Personal Care and Cleaning Products||🇫🇷 France|
|#99||Kesko Corporation||Food and Beverage Retail||🇫🇮 Finland|
|#100||Amundi SA||Investment 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.
|#4||Cisco Systems Inc||Communications Equipment||🇺🇸 U.S.|
|#5||Autodesk Inc||Software||🇺🇸 U.S.|
|#10||Algonquin Power & Utilities Corp||Electric Utilities||🇨🇦 CA|
|#15||Hewlett Packard Enterprise Co||Computer Hardware||🇺🇸 U.S.|
|#16||American Water||Water Utilities||🇺🇸 U.S.|
|#22||McCormick & Company||Food and Beverage Production||🇺🇸 U.S.|
|#26||Prologis Inc||Real Estate Investment Trusts (REITs)||🇺🇸 U.S.|
|#44||Bombardier Inc||Aerospace and Defense Manufacturing||🇨🇦 CA|
|#47||Sims Metal Management Ltd||Primary Metals Products||🇺🇸 U.S.|
|#48||Bank of Montreal||Banks||🇨🇦 CA|
|#49||Cascades Inc||Containers and Packaging||🇨🇦 CA|
|#53||Danaher Corporation||Medical Devices||🇺🇸 U.S.|
|#54||Canadian National Railway Co||Cargo Transportation and Infrastructure Services||🇨🇦 CA|
|#57||Stantec Inc||Facilities and Construction Services||🇨🇦 CA|
|#58||HP Inc||Computer Peripherals and Systems||🇺🇸 U.S.|
|#60||Sun Life Financial Inc||Insurance||🇨🇦 CA|
|#62||Alphabet Inc||Internet and Data Services||🇺🇸 U.S.|
|#67||Comerica Incorporated||Banks||🇺🇸 U.S.|
|#74||Tesla Inc||Consumer Vehicles and Parts||🇺🇸 U.S.|
|#77||Workday Inc||Software||🇺🇸 U.S.|
|#78||Merck & Co Inc||Biopharmaceuticals||🇺🇸 U.S.|
|#81||Intel Corporation||Semiconductor Manufacturing||🇺🇸 U.S.|
|#82||Analog Devices Inc||Semiconductor Manufacturing||🇺🇸 U.S.|
|#83||IGM Financial Inc||Investment Services||🇨🇦 CA|
|#84||Canadian Solar Inc||Electrical Equipment and Power Systems||🇨🇦 CA|
|#88||Cogeco Communications Inc||Wireless and Wireline Telecomm. Services||🇨🇦 CA|
|#91||Teck Resources Ltd.||Metal Ore Mining||🇨🇦 CA|
|#93||Campbell Soup||Food and Beverage Production||🇺🇸 U.S.|
|#96||Telus 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).
|#12||Sekisui Chemicals||Other Materials||🇯🇵 Japan|
|#25||Taiwan Semiconductor||Semiconductor Equipment and Services||🇹🇼 Taiwan|
|#36||City Developments Ltd||Real Estate Investment and Services||🇸🇬 Singapore|
|#43||Shinhan Financial Group||Banks||🇰🇷 South Korea|
|#50||Advantech||Computer Hardware||🇹🇼 Taiwan|
|#63||Capitaland Limited||Real Estate Investment and Services||🇸🇬 Singapore|
|#68||Takeda Pharmaceutical||Biopharmaceuticals||🇯🇵 Japan|
|#72||Konica Minolta||Computer Peripherals and Systems||🇯🇵 Japan|
|#80||Samsung||Electrical Equipment and Power Systems||🇰🇷 South Korea|
|#85||BYD Co.||Consumer Vehicles and Parts||🇨🇳 China|
|#86||Kao Corp.||Personal Care and Cleaning Products||🇯🇵 Japan|
|#89||Panasonic Corp.||Computer Hardware||🇯🇵 Japan|
|#90||Vitasoy||Food and Beverage Production||🇭🇰 Hong Kong|
|#92||Toyota Motor Corp.||Consumer Vehicles and Parts||🇯🇵 Japan|
|#95||Singtel||Wireless and Wireline Telecomm. Services||🇸🇬 Singapore|
|#97||Lenovo Group||Computer 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.
|#9||Banco do Brasil SA||Banks||🇧🇷 Brazil|
|#19||CEMIG||Electric Utilities||🇧🇷 Brazil|
|#30||Natura Cosmeticos SA||Personal Care and Cleaning Products||🇧🇷 Brazil|
|#42||National Australia Bank Ltd||Banks||🇦🇺 Australia|
|#51||Standard Bank Group Ltd||Banks||🇿🇦 South Africa|
|#75||Westpac Banking Corp||Banks||🇦🇺 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):
|Average Company Age||83 years||49 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.
Animated Map: Visualizing Earth’s Seasons
This map visualizes Earth’s seasons, showing how our planet’s Arctic sea ice and vegetation changes throughout the year.
Animated Map: Visualizing Earth’s Seasons
Why does Earth have seasons?
Many people think the seasons are dictated by Earth’s proximity to the Sun, but this isn’t the case. It’s the Earth’s tilt, not its closeness to the Sun, that influences our seasons.
This animated map by Eleanor Lutz visualizes Earth’s seasons, showing how the temperature changes impact ice levels in the Arctic as well as vegetation more broadly. It also highlights the cloud cover and sunlight each hemisphere receives throughout the year, with each frame in the animation representing a month of time.
Why is Earth Tilted?
Unlike some of the planets that sit completely upright and rotate perpendicularly, Earth rotates on a 23.5-degree axis.
But why? A commonly accepted theory among the scientific community is the giant impact hypothesis. According to this theory, a celestial object called Theia collided with Earth many years ago, when the planet was still forming. This collision not only knocked Earth into its tilted position—some believe that the dust and debris from this impact ended up forming our moon.
Ever since, our planet has been rotating with a slight tilt (which itself is not fixed, as it “wobbles” in cycles), giving us our varying seasons throughout the year.
How Earth’s Tilt Influences our Seasons
As our planet orbits the Sun, it’s always leaning in the same direction. Because of its tilt, the different hemispheres receive varying amounts of sunlight at different times of the year.
In December, Earth is technically closer to the Sun than it is in June or July. However, because the Northern Hemisphere is tilted away from the Sun during December, that part of the planet experiences winter during that time.
The graphic above by the Smithsonian Science Education Center (SSEC) visualizes Earth’s orbit throughout the year, showing when each hemisphere receives the most direct sunlight (and thus, experiences summer).
The Climate Change Impact
While our seasons have always varied, it’s worth noting that climate change has impacted our seasons, and changed how much Arctic ice we lose each summer.
In the past, millions of miles of ice remained frozen throughout the summer months. In the 1980s, there were 3.8 million square miles of ice in July—that’s roughly the same size as Australia.
Over the years, Arctic ice cover has steadily declined. In July 2020, the ice cover was only 2.8 million square miles—a million less than the amount four decades ago.
Some scientists are predicting that we could lose our summer sea ice entirely by 2035, which would have a devastating impact on the Artic’s wildlife and the indigenous people who live there.
Ranked: Nuclear Power Production, by Country
Nuclear power accounted for 10% of global electricity generated in 2020. Here’s a look at the largest nuclear power producers.
Nuclear Power Production by Country
Nearly 450 reactors around the world supply various nations with nuclear power, combining for about 10% of the world’s electricity, or about 4% of the global energy mix.
But while some countries are turning to nuclear as a clean energy source, nuclear energy generation overall has seen a slowdown since its peak in the 1990s.
The above infographic breaks down nuclear electricity generation by country in 2020 using data from the Power Reactor Information System (PRIS).
Ranked: The Top 15 Countries for Nuclear Power
Just 15 countries account for more than 91% of global nuclear power production. Here’s how much energy these countries produced in 2020:
|Rank||Country||Number of Operating Reactors||Nuclear Electricity Supplied|
|#5||South Korea 🇰🇷||24||152,583||6.0%|
|Rest of the World 🌎||44||207,340||8.1%|
In the U.S., nuclear power produces over 50% of the country’s clean electricity. Additionally, 88 of the country’s 96 operating reactors in 2020 received approvals for a 20-year life extension.
China, the world’s second-largest nuclear power producer, is investing further in nuclear energy in a bid to achieve its climate goals. The plan, which includes building 150 new reactors by 2035, could cost as much as $440 billion.
On the other hand, European opinions on nuclear energy are mixed. Germany is the eighth-largest on the list but plans to shutter its last operating reactor in 2022 as part of its nuclear phase-out. France, meanwhile, plans to expand its nuclear capacity.
Which Countries Rely Most on Nuclear Energy?
Although total electricity generation is useful for a high-level global comparison, it’s important to remember that there are some smaller countries not featured above where nuclear is still an important part of the electricity mix.
Here’s a breakdown based on the share of nuclear energy in a country’s electricity mix:
|Rank||Country||Nuclear Share of Electricity Mix|
|#13||South Korea 🇰🇷||29.6%|
|#17||United States 🇺🇸||19.7%|
|#19||United Kingdom 🇬🇧||14.5%|
European countries dominate the leaderboard with 14 of the top 15 spots, including France, where nuclear power is the country’s largest source of electricity.
It’s interesting to note that only a few of these countries are top producers of nuclear in absolute terms. For example, in Slovakia, nuclear makes up 53.6% of the electricity mix—however, the country’s four reactors make up less than 1% of total global operating capacity.
On the flipside, the U.S. ranks 17th by share of nuclear power in its mix, despite producing 31% of global nuclear electricity in 2020. This discrepancy is largely due to size and population. European countries are much smaller and produce less electricity overall than larger countries like the U.S. and China.
The Future of Nuclear Power
The nuclear power landscape is constantly changing.
There were over 50 additional nuclear reactors under construction in 2020, and hundreds more are planned primarily in Asia.
As countries turn away from fossil fuels and embrace carbon-free energy sources, nuclear energy might see a resurgence in the global energy mix despite the phase-outs planned in several countries around the globe.
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