16 May Top 50 Most Sustainable Companies In The World Honored At 2021 SEAL Sustainability Awards
Global brands like Colgate-Palmolive, General Motors, Pirelli, Unilever, and Volvo were among those selected for the SEAL Organizational Impact Award. Selected by combining two premier ESG data sets – the CDP A-List ™ and the Corporate Sustainability Assessment (CSA, now part of S&P Global ESG Scores ™) – the 2021 SEAL Organizational Impact Award honors the 50 most sustainable companies globally.
“ESG has moved from an afterthought to a key corporate priority. As a result, the standards for excellence in ESG have risen,” commented Matt Harney, SEAL Awards’ Founder. “Our mission at SEAL is to rigorously assess and then celebrate extraordinary sustainability leadership. We’re honored to present our analytically-driven selections for the Top 50 Most Sustainable Companies in the World”
2023 SEAL BUSINESS SUSTAINABILITY AWARDS
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The Organizational Impact winners were:
- Atlantica Sustainable Infrastructure
- Chugai Pharmaceutical Co., Ltd.
- CNH Industrial NV
- Coca-Cola Europacific Partners
- Coca-Cola HBC
- Colgate-Palmolive Company
- CVS Health Corporation
- Deutsche Telekom
- First Financial Holding Co., Ltd.
- Fubon Financial Holdings
- General Motors Company
- Holcim Ltd.
- HP Inc.
- Infosys Limited
- Japan Tobacco Inc.
- KAO Corporation
- KB Financial Group Inc.
- Konica Minolta, Inc.
- Koninklijke Philips NV
- Las Vegas Sands Corporation
- Mahindra & Mahindra Limited
- Nanya Technology Corporation
- NEC Corporation
- Nikon Corporation
- Nomura Research Institute, Ltd.
- Ono Pharmaceutical Co., Ltd.
- Philip Morris International Inc.
- Ricoh Company, Ltd.
- S&P Global Inc.
- Schneider Electric
- SEKISUI CHEMICAL CO.,LTD.
- Sekisui House, Ltd.
- Siemens Gamesa Renewable Energy
- SK Telecom Co.,Ltd
- Stanley Black & Decker, Inc.
- Sumitomo Forestry Co., Ltd.
- Tech Mahindra Limited
- UBS Group
- Volvo Car Group
- Wipro Limited
- Yuanta Financial Holdings
SEAL Organizational Impact Award – Methodology Discussion:
In our discussions with sustainability executives, we have consistently heard these understaffed departments are overburdened by ESG questionnaires and assessments. Of note, a European institutional investor we hosted at our office that was interested in SEAL’s perspective on ESG was quite surprised at the length, rigor, and scope inherent in the leading evaluations. We encourage you to review the methodology for the forthcoming 2022 CSA as evidence.
Rather than create yet another assessment, SEAL Awards’ approach to this Top 50 2021 Business Sustainability Award is purely analytical and leverages existing ESG databases. Said another way, no company award entries were considered.
The CDP and Corporate Sustainability Assessment (CSA, now part of S&P Global) data sets were chosen based on their quality, rigor, and global coverage.
For further perspectives on the strength of the CDP and CSA, we encourage you to read SustainAbility’s 2019 report “Rate the Raters 2019: Expert Views on ESG Ratings.”
The SEAL Awards analysis used the “Climate Change” dimension of CDP’s 2021 A-List assessment, which represented a universe of 13,126 disclosing companies. While important to our environmental progress, the “Water Security” and “Forests” CDP dimensions were not considered due to smaller sample sizes.
This CDP data was combined with the 2021 CSA / S&P Global ESG ratings, which covered over 7,500 companies.
The SEAL Awards analyzed the distribution of rankings for each CDP and CSA to determine a numerical equivalent score that captured an equal level of selectivity.
CDP A-List “Climate Change” alphabetical scores were converted as follows:
- “A” = 99.2 points
- “A-” = 96.4 points
The CSA tiers were converted as follows:
- “Gold” = 99.5 points
- “Silver” = 98.4 points
- “Bronze” = 97.1 points
From this combined data set, the SEAL Awards ranked the 50 most sustainable companies in the world.
Consistent with SEAL’s organizational focus, our methodology reflects a 69% weighting on the environmental dimension. Importantly, the SEAL methodology does incorporate “Social” and “Governance” components, thereby elevating the holistic ESG performance required for award winners.
The following graphics summarize the SEAL Organizational Impact Award on a geographic and sector basis:
One hundred percent of the award entry fees were contributed to SEAL’s Environmental Impact Campaigns and ongoing Environmental Research Grant initiative, which has to date provided funding to 20 environmental researchers at institutions like UC-Berkeley, Duke, MIT, and UCLA.
Selected Sustainability Award Winner Perspectives:
Sandeep Chandna, Chief Sustainability Officer, Tech Mahindra, said, “Tech Mahindra has been a forerunner towards delivering innovative solutions to effectively respond to climate change and drive towards a greener digital economy. Our emphasis on clean energy and optimum use of resources helps us in accelerating our transition towards a low carbon economy, while also creating sustainable value for our stakeholders. Our inclusion in the top 50 sustainable companies list announced during SEAL awards 2021 is a testament to our continuous commitment towards sustainable practices and principles.”
ABOUT THE SEAL AWARDS
SEAL (Sustainability, Environmental Achievement & Leadership) Awards is an environmental advocacy organization that honors leadership through our business sustainability awards & environmental journalism awards while funding research and pursuing our own environmental impact campaigns.
The SEAL Awards core pillars are:
- Business Sustainability Awards – honors the most sustainable companies in the world, like Adidas, AMD, Cisco, and Tide
- Environmental Journalism Awards – representative past winners include journalists from Guardian, New York Times, and Grist
- Environmental Research Grants
SEAL Awards is not affiliated with the CDP, CSA, or S&P Global. The selection process for the SEAL Organizational Impact Award drew entirely upon publicly available information from each of the CDP and CSA.
High-Resolution Graphic: 2022 SEAL Organizational Impact Award