SINGAPORE - Three Singapore companies made it to this year's list of the world's 100 most sustainable big corporations, up from two in 2019.
Its"clean revenue" metric, which counts for 50 per cent of each company's score, measures the percentage of revenue earned from products or services that have environmental, or well-defined social benefits. The overall top-ranked company this year is Danish renewable energy provider Orsted. The firm, which a decade ago produced 85 per cent of its energy from fossil fuels and 15 per cent from renewable energy, has reversed that proportion and targets to"essentially become carbon neutral" by 2025.
The average age of a Global 100 company is 83 years, while the average age of a firm in the MSCI ACWI, a flagship global equity index, is 49 years. From its inception on Feb 1, 2005, to Dec 31, 2019, the Global 100 companies made an annualized net investment return of 7.3 per cent compared to 7 per cent for the MSCI ACWI.
The list includes 28 companies that were not on the Global 100 last year. BYD - China's biggest electric carmaker - is a new entrant, along with Hong Kong's Vitasoy, evidence that while the world's largest economy lags behind European and North American nations on key sustainability metrics, ESG issues are starting to gain traction where it will matter most, said the report.
Hope more SG companies will follow...
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