Alcoa, Baxter, G.E. Ranked Among Most Sustainable U.S. Corporations

Alcoa, Baxter, G.E. Ranked Among Most Sustainable U.S. Corporations

The fourth annual Global 100 Most Sustainable Corporations in the World list has been released, with almost one-third of the companies from last year being replaced.

Started in 2005 and announced yearly at the World Economic Forum in Davos, Switzerland, the Global 100 looks at the environmental, social and governance performance of companies.

The list was started by media company Global Knights and research firm Innovest Strategic Value Advisors, which looks at corporations from the Morgan Stanley Capital International World stock market index and compare companies to their sector peers, looking for the best in each class.

The Global 100 does not give companies numerical rankings. Its creators state it's not insightful, or even possible, to give absolute rankings on sustainability issues when the companies being looked at come from diverse sectors ranging from consumer goods to energy and industry.

Thirty-one companies that were on the 2007 list were dropped from it and replaced in the 2008 list. Turnover from 2006 to 2007 was 36 companies, and from 2005-2006 was 28 companies.

The complete Global 100 list is available online, organized by company name, country and section, along with archives of past lists, companies dropped and added each year, and studies looking at how sustainability and financial performance sync up.