Tata Steel, HDFC enter the world's most sustainable companies list
28 Jan 2010
Tata Steel and HDFC are the only two Indian companies to be raked in the Global 100 list of the world's most sustainable companies by Corporate Knights, a quarterly Canadian magazine dedicated to advancement of social and environmental sustainability worldwide.
Tata Steel, India largest steel maker has been ranked 90, while HDFC, India's oldest and biggest home financier is ranked 92.
General Electric topped the list followed by utility provider PG & E Corp., mail delivery services company TNT, Swedish clothing company H & M Hennes & Mauritz Aband mobile handset maker Nokia.
The Global 100 includes companies from 24 countries encompassing all sectors of the economy, with a collective enterprise value of $4 trillion, and three million employees.
Among the 24 countries, the UK led the way with 21 Global 100 companies followed by the US with12, Canada and Australia with 9 each.
Switzerland had 6, France and Japan 5 each, Germany 4, while Brazil, Denmark, Finland and Sweden each had 3 companies and China none.
The 2010 Global 100 tapped intelligence from the world's largest sustainability research alliance put together by Legg Mason's Global Currents Investment Management to isolate the top ten per cent of companies from a universe of 3,000 global stocks, which were then transparently ranked based on 10 indicators, with data sourced from ASSET4, a Thomson Reuters business, and The Bloomberg Professional service.
This edition was Corporate Knights sixth annual Global 100 list of the most sustainable large corporations in the world.