For 2017 the Dow Jones Sustainability Indices (DJSI) review rated 2,086 companies across the world on their sustainability efforts. Of those the indices rated 614 North American companies, and only one of them, Abbott Laboratories of Illinois, made it on the DJSI’s Industry Group Leaders list.
"We work to create sustainable business solutions that benefit not just Abbott and the people who use our products, but the broader community, as well," said Abbott CEO Miles White.
The company earned the highest scores in the Health Care Equipment & Services category, one of 24 categories that the index tracks. It’s score of 87 was more than double the average score of 41 for other companies in the industry. The company said its sustainability efforts have already led to reduced carbon emissions by 28 percent, water use by 18 percent and waste by 39 percent compared to 2010 levels. The company also generated 310,000 kilowatt hours of renewable energy at its sites, primarily through solar power, a sixfold increase in on-site renewable energy generation compared to 2010.
Duke Energy is one the five utility companies out of 17 evaluated that was selected for the North American indices. "Being listed on the Dow Jones Sustainability Index for 12 straight years clearly reflects Duke Energy's commitment to operating the right way for all stakeholders—especially our customers and communities," said Cari Boyce, Duke Energy's senior vice president, stakeholder strategy and sustainability. "This recognition also reflects the hard work of our 29,000 employees, who strive to improve our business every day.”
That company touted its sustainability efforts, which include more than 5.4 gigawatts of wind, solar and biomass capacity that it now owns or purchases energy from and more is coming. It said it’s also cut its carbon dioxide emissions by 29 percent, sulfur dioxide emissions by 94 percent and nitrogen oxides emissions by 70 percent since 2005.
The indices, which first launched in 1999, are maintained by S&P Dow Jones Indices (S&P DJI) and RobecoSAM. They track and rate companies on roughly 600 data points environmental, social, and governance (ESG) factors.
“Many of the events witnessed so far in 2017 make it even more important for corporations around the globe to recognize sustainability, establish policies and manage their businesses in ways that support and increase sustainability of the global environment and the world’s leading businesses,” David Blitzer, Managing Director and Chairman of the Index Committee, S&P Dow Jones Indices. “The DJSI family provide a tool for investors to create asset allocations that can further sustainability.”
The analysis also showed the 70 percent of companies know they need to understand these sustainability factors they’re being ranked and rated on, less than 10 percent of them actually have a viable valuation approach. And the types of environmental and social profits and losses their companies have.Tweet