Top 50 Most Sustainable Companies In The World Honored At 2023 SEAL Business Sustainability Awards

Top 50 Most Sustainable Companies In The World Honored At 2023 SEAL Business Sustainability Awards

July 9, 2024SEAL Awards today announced the winners of the 2023 Organizational Impact Award, celebrating their leadership, transparency, and commitment to sustainable business practices.

Global brands like Coca-Cola, Honda, Cisco and Bridgestone Corporation 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 2023 SEAL Organizational Impact Award honors the 50 most sustainable companies globally.

“Companies today face a critical choice: to lead through sustainable business practices. The SEAL Award recipients exemplify this leadership, securing lasting legacies for both future generations and corporate stakeholders,” commented Matt Harney, SEAL Awards’ Founder. “Our mission at SEAL is to rigorously assess and celebrate extraordinary sustainability leadership. We’re honored to present our analytically-driven selections for the Top 50 Most Sustainable Companies in the World.”

2025 SEAL BUSINESS SUSTAINABILITY AWARDS

For companies interested in entering our 2025 SEAL Business Sustainability Awards, please RSVP below:

 

The Organizational Impact winners were:

  • ANA Holdings Inc.
  • ASE Technology Holding Co., Ltd.
  • Bridgestone Corporation
  • CaixaBank
  • Cathay Financial Holding
  • Chugai Pharmaceutical Co., Ltd.
  • Chunghwa Telecom
  • Cisco Systems, Inc.
  • Coca-Cola HBC AG
  • Delta Electronics, Inc.
  • Deutsche Telekom AG
  • E.Sun Financial Holding Co
  • ENAGAS
  • Endesa
  • Fujitsu Limited
  • GEA Group AG
  • Honda Motor Co., Ltd.
  • Hyundai Engineering & Construction Co., Ltd.
  • Hyundai Motor Company
  • Iberdrola SA
  • Ingersoll Rand Inc.
  • Italgas
  • JSW STEEL LIMITED
  • Kakao Corp.
  • KAO Corporation
  • Kasikornbank
  • Kering
  • Klabin S.A.
  • LIXIL Corporation
  • Lojas Renner S.A.
  • Moncler
  • Nabtesco Corporation
  • Nanya Technology Corp
  • NEC Corporation
  • Nikon Corporation
  • Nomura Research Institute, Ltd.
  • NTT DATA Group Corporation
  • Ono Pharmaceutical Co., Ltd.
  • Pirelli
  • PTT Global Chemical
  • PUMA SE
  • Ricoh Co., Ltd.
  • Schneider Electric
  • Sekisui Chemical Co., Ltd.
  • Sekisui House, Ltd.
  • Shiseido Co., Ltd.
  • Siemens AG
  • Signify N.V.
  • SK Telecom
  • Snam S.p.A.
  • Storebrand ASA
  • Sumitomo Forestry Co., Ltd.
  • Taiwan Mobile Co., Ltd.
  • Takeda Pharmaceutical Company Limited
  • Tech Mahindra
  • Telecom Italia
  • Telefônica Brasil S.A.
  • Telefónica, S.A.
  • United Microelectronics
  • UPM-Kymmene Corporation
  • Valmet
  • Volvo Car Group
  • Wistron Corporation
  • Yuanta Financial Holdings


Selected Sustainability Award Winner Perspectives:

“We are honored to be recognized as one of the world’s 50 most sustainable businesses by the SEAL Business Sustainability Awards. This prestigious accolade is a testament to Tech Mahindra’s unwavering commitment to sustainability, environmental stewardship, and leadership. Our dedication to integrating sustainable practices across our operations not only drives transformative change but also sets a benchmark for the industry. We are proud to lead by example and will continue our efforts to create a greener, more sustainable future for all.” – Sandeep Chandna, Chief Sustainability Officer, Tech Mahindra


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 2024 CSA as evidence.     

Rather than create yet another assessment, SEAL Awards’ approach to this Top 50 2023 Organizational Impact 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 2023 A-List assessment, which represented a universe of 21,000 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 2023 CSA / S&P Global ESG ratings, which covered over 9,400 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:

 

 

For companies interested in entering our 2025 SEAL Business Sustainability Awards, please RSVP below:

 



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:


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. 

https://sealawards.com.

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High-Resolution Graphic: 2023 SEAL Organizational Impact Award

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