For some companies, keeping things clean and green is of the utmost importance – but who really hit the nail on the head going into 2023? According to a recent study done by Corporate Knights, 11 of the 100 most sustainable companies in the world are right here in Canada – meaning you won’t have to look very far for a good example of great leadership.
“This year’s Global 100 ranking of the world’s most sustainable companies, now in its 19th year, reveals that the transition is gathering momentum – and that businesses that take sustainability seriously are flourishing financially,” they wrote.
While it was Schnitzer Steel Industries Inc., of Portland, Oregon who placed in 1st, Edmonton, Alberta’s Engineering giant, Stantec Inc., managed to tie French company, Schneider Electric SE., for 7th – a feat we can all be proud of!
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Up 10 spots since last year, Stantec was given an A- rating for its commitment to sustainability, while the only other company that managed to crack the top 20 (Cascades Inc., from Kingsley Falls, Quebec), received B+ – but how did they assign these letter grades?
In order to curate their 2023 list, Corporate Knights assessed over 6,000 public companies – all with revenue over $1 billion USD.
Companies were then scored on metrics such as carbon productivity, revenue earned from “clean” products and services, and even their CEO–average to worker pay ratio (just to name a few.)
“50% of the weight assigned to sustainable revenue and sustainable investment,” they explained. “Nine of the indicators have fixed weights; the rest are assigned weights according to each industry’s relative impact in relation to the overall economy. After quantitatively analyzing data for 25 key performance indicators, using the Corporate Knights methodology, this year’s overall scores were converted to letter grades.”
Curious as to where the other Canadian companies placed? Here were the other 9 on this year’s Global 100!
To see all 100 companies on this year’s list, you can visit their website – otherwise, let us know what you think!
Here’s to hoping we see more next year. After all – you can never have too many northern names – especially when it comes to listing the most sustainable companies in the world!