Demonstrating improvements in environmental performance and implementing robust management systems and policies have led to companies reaching the top 10 in terms of global sustainability.
The sustainability report On track for Rio + 20? How are global companies responding to sustainability? from EIRIS, a global provider of research into environmental, social and governance, found many firms are making sustainability a significant part of their future plans and strategies, to help ensure their long-term success.
In the report EIRIS researched corporate sustainability performance on the 2,063 companies in the FTSE All World Developed Index. It looked for leadership in tackling sustainability challenges through policies, systems, reported and demonstrated improvements. Its research focused on companies positive or negative social, environmental or governance impacts or risks and their management of them.
In the top 10, which featured companies from a variety of sectors and countries such as the UK, Germany, Switzerland and Australia, most had a mixture of robust systems and had shown how they had tackled potential risks. These included:
- training employees how to understand and identify possible environmental risks
- demonstrated exceptional environmental practices, particularly with water management or reduction in paper consumption
- engaging with stakeholders across the supply chain
Puma came top in the top 10 of global sustainability leaders. The Eco Table is a series of icons that appears on products and packaging to highlight eco-friendly materials and processes
Puma recently launched its Clever Little Bag which takes 65% less paper to make and will decrease the company’s CO2 emissions by 10,000 tons a year.
Companies in the UK and continental Europe fare much better in the sustainability stakes than their counterparts in the United States (US) and Asia. Though a number of private sector initiatives are growing in the US and Asian companies are demonstrating better environmental management than on social and governance issues.
Despite all this progress the report states the need to do more and predicts greater integration of sustainability issues into investment decisions.