Among them, three WBCSD member companies, Alcoa, BP and Toyota, were singled out as the “Top 3” for superior sustainability excellence.
“The Top 3 stand out for their ability to manage strategic profit opportunities, that is, their ability to profit from recognizing new environmental and social markets”, states Global 100.
Alcoa has distinguished itself as a leader through its sophisticated approach to identifying and managing the material sustainability risks, continues Global 100. “It’s an honor to see the work of Alcoans recognized globally,” says Alain Belda, Chairman and CEO of Alcoa. “We appreciate the recognition of [our] work and our ability to combine financial performance with social and environmental stewardship.”
Toyota was lauded for the development and successful commercialization of its hybrid technology. Its hybrid Prius model became the fastest selling car in the United States in 2004.
BP, the world’s second largest oil and gas company and founding member of the WBCSD, “has demonstrated leadership in resource and energy efficiency climate change risk abatement, waste reduction and recycling, and overall environmental impact minimization”, writes Global 100.
“All companies may be created equal but not all are the same. The Global 100 sets out to in one crisp list name the best all-round global companies, trailblazers that are potential allies in helping to create a better world,” says Toby Heaps, Editor of Corporate Knights, which publishes the ranking.
The ‘Global 100’ companies emerged from a pool of over 2,000 firms, representing such large global indices as the S&P 500, MSCI World, FTSE 350 and Eurostoxx. These companies have been selected for their ability to manage strategic opportunities in new environmental and social markets, and were rated on criteria such as strategic governance, environmental initiatives, and human capital/labour relations practices.
Research and analysis was conducted by Innovest, a leading environmental