Top 10 largest companies to be added to the Dow Jones Sustainability Index
Launched in 1999, the Dow Jones Sustainability Index (DJSI) became the first global indices of tracking the financial performance of leading sustainability-driven companies across the globe.
This year’s edition saw 2,086 companies assessed against newly-updated criteria covering areas including supply chain management, human rights and corporate governance.
With Dow Jones having released its annual results, Energy Digital takes a look at the top 10 biggest additions to the DJSI, ranked by market capitalisation as of September 2017.
10 | Infosys, $31.69bn
Infosys, a global leader in information technology, starts off the list with its dedication to corporate responsibility and sustainability.
The company uses a motto of ‘automate, innovate, educate towards a sustainable future’ in its latest sustainability report, having succeeded in implementing a number of sustainable initiatives over the past year.
Most recently, Infosys revealed that 42% of its fresh water needs for its new buildings were met with rainwater harvesting, using 165 wells to gather as much as 7.4bn litres of water daily.
In addition, the company uses a 6.6MW solar farm to power its Pocharam campus in Hyderabad, India, with 100% solar power, and its carbon offset project provides 43,000 high-efficiency cookstoves to 21,500 families.
9 | Cigna Corp, $46.84bn
US health insurance company Cigna is the leading sustainable company within the healthcare providers and services industry.
The company’s environmental policy statement outlines its commitment to reducing emissions and waste, reusing and recycling, increasing efficiencies and engaging with employees to promote its corporate responsibility.
The most recent evidence of this intent being put into action is Cigna’s contribution of $25,000 to the environmental health of Hartford’s Keney Park, Connecticut.
8 | Honda Motor, $52.27bn
Japanese mMotor specialist Honda Motor has outlined its aim of reducing carbon emissions from automobiles by 30% by 2020 versus 2000 levels.
The company is engaging in three initiatives in order to achieve this:
- Improving efficiency in internal combustion engines
- Reducing emissions through innovative environmental technologies and diversification of energy sources
- Using renewable energy and total energy management more readily.
Honda also works rigidly to the Honda Environmental Performance Standards, designed to ensure that company products and processes keep in line with these three initiatives, with the long term goal of realising carbon neutrality.
7 | General Motors, $56.66bn
General Motors (GM) is an American multinational automobile company, home to the brands of Cadillac and Chevrolet, amongst others.
In its recent near term results, the company revealed that it had produced 11 vehicle models powered by electricity, drove more than 50 electric autonomous vehicles in multiple US cities, used 199.8MW of renewable energy over the course of 2016, and added 23 landfill free facilities last year.
6 | Colgate-Palmolive, $63.67bn
New York-based Colgate-Palmolive places sixth on the list, famed for its oral healthcare products.
The company’s sustainability initiatives are broken down into three sections (people, performance and planet), looking to help the business’s continued growth, whilst also reducing the company’s environmental impact.
In addition to its environmental policy, the company also puts significant emphasis on its corporate social responsibility. Colgate’s most impressive initiative is its Bright Smiles, Bright Futures program that has reached almost 800mn children in 80 countries, looking at improving global child health.
5 | Banco Bradesco SA, $68.33bn
Banco Bradesco is one of the world’s largest financial and banking firms in Brazil, having acted as the country’s largest bank until the merger of Banco Itaú and Unibanco in 2009.
The firm’s overriding sustainability strategy is centred around alignment with the green economy, aimed at preserving the environment.
Previous sustainable endeavours have included its R$20mn donation to the Sustainable Amazonas Foundation, a partnership between the bank and the State of Amazonas government.
The foundation is geared towards promoting sustainable involvement and environmental conservation within Amazonas communities.
4 | ASML Holding NV, $68.38bn
As a manufacturing company of integrated circuits, ASML Holding is the world’s largest supplier of photolithography systems within the semiconductor industry.
In a nutshell, the firm’s sustainability focus is on making chips using less energy and fewer natural resources, whilst remaining competitive in terms of costs. This is broken down into sustainable operations, products, supply chain and general culture of the business.
3 | NTT Docomo, $88.86bn
Mobile phone operating company NTT Docomo is the third largest company to join DJSI with a market capitalisation of over $88bn.
“We will pursue energy-saving measures for our communications facilities and at the same time develop and introduce highly efficient base stations that actively incorporate technologies that lower the environmental impact of power generation and air conditioning equipment,” said CEO of NTT Docomo, Kazuhiro Yoshizawa, in a release outlining the company’s environmental policy.
“In this way, we will continue to promote initiatives for reducing our corporate electricity consumption.”
2 | British American Tobacco, $145.27bn
British American Tobacco company (BAT) is the world’s most international tobacco company, operating in more countries than any other tobacco business.
The firm looks at harm reduction by developing and researching less harmful alternatives to cigars. In addition, BAT is committed to supplying a good standard of living to all of its 6,000 suppliers.
BAT is the only tobacco company to feature in the indices.
1 | Samsung Electronics, $314.12bn
Samsung Electronics Co. is by far the largest company to be added to the index, with a market capitalisation over twice that of BAT.
The South Korean multinational electronics company looks at a whole range of areas in its sustainability focus, including energy efficiency, chemical management, sustainable materials, eco-management and recycling.
The company has designed and released recyclable batteries for its mobile phones, as well as putting significant emphasis on recyclable packaging to minimise its environmental impact in line with its corporate responsibility.
Samsung also announced that it would be participating in new research led by the European Union back in March, aimed at developing new environmentally friendly technology to be used in recycling smart phones.