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The Big Swedish 4

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:

  1.  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. 
  2. 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.
  3. 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.
  4. 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! 😀

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What’s warm as the Sun and spicy as a jalapeño? My home country México. My name is Fernando and I came to Sweden to study the master’s programme in Sustainable Technology at KTH. Come, join me to learn and understand the importance of having a sustainable lifestyle, and where else to do this than in Sweden?