Oil sands make the most sustainable corporations list
Canadian-based Corporate Knights announced its sixth annual Global 100 list of the most sustainable large corporations in the world. This includes oil sands players, Suncor, Nexen and Shell, and provides also other surprises.
In the energy sector (see table below), the selection of oil sands producers amongst the
|Origin Energy Limited||AUSTRALIA||56|
|Petroleo Brasileiro Sa||BRAZIL||96|
|Neste Oil Oyj||FINLAND||85|
|Bg Group Plc||UNITED KINGDOM||29|
|Royal Dutch Shell Plc||UNITED KINGDOM||20|
Looking at the nine Canadian companies which made the list (see table below), it was probably not surprising to note the dominance of the extractive and financial sectors. Five extractive related companies made it to the list, but this did not include any of the prominent Canadian mining companies. The financial sector was also well represented and includes the Royal Bank of Canada. During the same week, RBC also managed a third place ranking in the ‘Public Eye Award', which takes Davos as a platform with its “shame-on-you-awards” given to the “nastiest corporate players of the year.” RBC’s was nominated for its prominent financing role of the Canadian oil sands sector.
|Sun Life Financial Inc||Insurance||50|
|Royal Bank Of Canada||Banks||71|
Others have voiced some opinions about the methodology and weighting used by Corporate Knights which seem to create some interesting results. Bloggers like Eleine Cohen noted in her piece
Perhaps one more point: a really interesting 'piece of the puzzle' lies in the ‘empty space.’ How and what are the other 2900 companies doing which were part of the original universe of companies but did not make it to the top 100 list - perhaps they deserve some public eye awards? What are your thoughts about Corporate Knights' "definitive" global 100 most sustainable corporations?