Early this year was presented at the World Economic Forum (WEF) reunion in Switzerland Global 100, a Toronto-based magazine and research firm Corporate Knights annual list of the world’s most sustainable companies. From the 4,000+ companies with at least $2 Bn USD of market value, 4 Swedish companies make it through the list. Can you guess which ones? Well, here are they:
- Holmen (21st place) – Pulp and paper industry, founded in 1875 and 2,000+ employees. What makes this company sustainable? Look at some key points stated at its sustainability report:
- They harvest amounts to 85 per cent of the annual growth, meaning that the volume of standing timber is increasing year on year.
- Almost 100 per cent of by-products and waste is put to good use.
- Renewable energy. Electricity production at the hydro power stations and wind farms, together with the electricity production at the larger mills, covers half of the Group’s electricity consumption.
- SEB Bank (46th place) – Financial group, founded in 1972, and 15,000+ employees. What makes this company sustainable? Look at some key points stated at its sustainability report:
- Expand sustainable offering. Grow green loan portfolio, according to framework, to at least SEK 20 billion by 2020.
- Between 2008 and 2015, they reduced their annual CO2 emissions by 54 per cent.
- At year-end 2016, the paper use related to the letters-types that have been digitalized had resulted in an 80 per cent reduction of the corresponding physical letters.
- H&M (54th place) – Clothing-retail business, founded in 1947, and 140,000+ employees. What makes this company sustainable? Look at some key points stated at its sustainability report:
- Commitment to use 100% recycled or other sustainably sourced materials by 2030.
- The H&M group has a commitment to use 100% renewable energy in its own operations; the share increased to 96% in 2016 from 78% in 2015.
- H&M used recycled polyester equivalent of more than 180 million PET bottles in 2016.
- Ericsson (72th place) – Telecommunications industry, founded in 1876, and 78,000+ employees. What makes this company sustainable? Look at some key points stated at its sustainability report:
- In Goiania, Brazil, implemented a solution for connecting city buses to a mobile broadband network that is improving public transport while reducing carbon emissions.
- Conflict Minerals. In 2016, 94% of the smelters identified among the supplier responses collected were conflict-free validated or active in the validation process.
- In 2016 they had a 45% reduction of CO2e emissions per employee compared to a 2011 baseline.
- And well, former CEO Kurt Hellström and current CEO Börje Ekholm both were alumni at KTH!!!!
What do you think? Is your company/university committed to a more sustainable future? Leave comments! 😀