Thursday, October 20, 2016

The World's Most Sustainable Companies 2016

I have already mentioned in the class about list of top sustainable companies in the world in Forbes website and it was mentioned by Patagonias' representative that sustainable companies doesn't exist yet.

The rating that is given in Forbes website are from RobecoSAM which does Corporate Sustainability Assessment (CSA) annually with aim to check companies sustainability practices. Every year they send the questionnaire with 80-120 industry- specific questions which focus on economic, environmental and social factors to 3400 listed companies. The company has long structure for this which can be checked in this document: http://www.sustainability-indices.com/images/corporate-sustainability-assessment-methodology-guidebook.pdf

The company analyze the questionnaire and compare the result between the industries. Furthermore, it uses formulas for calculating the total sustainability. Through this they identify the top sustainable companies which effect positively in company's reputation. However, to what extend all this information and data is accurate and do they really check the effects of production and activities of the company to the environment (besides receiving companies answers). The company mentions what they consider during the analyses, however not all the information is so practical.

All this information again prove that none of the companies reached sustainable level.






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