Corporate Knights released its 15th annual list of the world's 100 most sustainable corporations in Davos this week, and Canadian oilsands heavyweight Suncor Energy reached the highest on the list of any integrated oil and gas company as a result of its percentage of "clean revenues."
The ranking is based on analysis of approximately 7,500 companies with over US$1 billion in annual revenues.
Suncor is one of six Canadian companies to make the list, a large showing given Canada’s share of total global company market capitalization.
The ranking is calculated on a total of 21 performance metrics covering resource management, employee management, clean revenue and supplier performance.
“Suncor is the #1 ranked integrated oil company in the world on the 2019 Global 100. Suncor achieved this strong result due to top quartile performance compared to its peers on clean revenues (8% of its investments are sustainable including substantial exposures to renewable energy), innovation capacity, low injury rate, and board gender diversity,” Corporate Knights says.
Suncor was included on the list consistently from 2010 to 2015, then dropped off in 2016, 2017 and 2018.
According to the Corporate Knights analysis, the world's most sustainable corporation in 2019 is Chr. Hansen, a Danish bioscience firm that uses "good bacteria" to provide natural means for preserving food, protecting plants and reducing over-reliance on antibiotics in livestock farming.
Eighty-one per cent of Chr. Hansen's revenues are categorized as "clean," according to the Corporate Knights taxonomy. It also has strong representation of women on its board and in its executive ranks, and the company now links executive compensation to corporate diversity targets.