US and Asia climb sustainable business league

The 10th edition of The Sustainability Yearbook, published by RobecoSAM and KPMG International, found that the country with the highest number of gold medal winners was the US. Nine US companies were found to top the league: Molson Coors Brewing Co (Beverages sector), Alcoa Inc (Aluminium), Sonoco Products Co (Containers & Packaging), Herman Miller Inc (Furnishing), UnitedHealth Group (Healthcare Providers), Baxter International Inc (Medical Products) and Waste Management Inc (Waste & Disposal Services).

All these companies are leaders in their respective sectors. PepsiCo (Beverages) and MeadWestvaco Corp (Containers & Packaging) also scored highly enough to be awarded gold medals.

The rating is based on RobecoSAM’s assessment of the sustainability performance of more than 2,000 companies across 58 sectors. Based on an in-depth analysis, each company is scored on up to 120 financially material economic, environmental, social and governance criteria specific to its own industry.

Germany and South Korea each account for six gold medal winners. German gold medalists are Siemens (Diversified Industrials), SAP (Software), BMW (Automobiles), Henkel (Non-durable Household Products), Adidas (Clothing, Accessories & Footware) and TUI (Travel & Tourism). Each one of them is a leader in its respective sector.

In South Korea, GS Engineering & Construction Co (Heavy Construction), Amorepacific Corp (Personal Products), SK Telecom (Mobile Telecommunications), KT Corp (Fixed Line Communications) and Lotte Shopping (General Retailers) set the standard as industry leaders. In addition, Hyundai Engineering & Construction Co is awarded a gold medal, which in total puts South Korea in second equal place internationally.

Australia, Taiwan and Canada also feature on the list of top 10 gold medal-winning countries proving that Europe is no longer the exclusive bastion of corporate sustainability and that sector-leading sustainability performance can now be found all over the world.

Michael Baldinger, CEO, RobecoSAM, said: “Since we launched our first Sustainability Yearbook 10 years ago, it has become the reference book on corporate sustainability. Over the last decade, sustainability has become an essential item on corporate agendas and companies have made such great strides that today it is much harder for them to stand out against their peers and make into the Yearbook. We congratulate them on their success and are convinced that this competition benefits all stakeholders and shareholders.”

Yvo de Boer, special global advisor on climate change & sustainability, KPMG International, added: “Business is entering a period of unprecedented opportunity and risk due to a potent cocktail of megaforces including climate change, population growth, water scarcity, urbanisation and ecological decline. Investors should consider the companies awarded gold medals in The Sustainability Yearbook 2013 as among the best prepared within their own sectors to manage these challenges and make themselves fit for the future.”

Image by Tim.Regan, CC Flickr.com
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