In the corporate world, environmental, social, and governance considerations don’t always show up on a balance sheet.
That’s where the Global 100 Most Sustainable Corporations list comes in.
For the sixth straight year, Enbridge has been named among the Global 100, following a Jan. 21 announcement at the World Economic Forum in Davos, Switzerland. Maintained by Corporate Knights, a Toronto-based media and investment advisory company, the Global 100 has come to be recognized as the world’s pre-eminent standard for evaluating corporate performance on key social and environmental issues.
This year’s list ranks Enbridge fifth overall among Canadian corporations, and 64th worldwide – up from 10th and 75th, respectively, one year ago. In all, 12 Canadian corporations made this year’s index, including Suncor and Encana from the energy sector.
Companies named to the Global 100 index are widely recognized as being leaders in their sector, in terms of integrating social and environmental consideration into their business decisions and strategy.
“We recognized some time ago that our energy infrastructure projects require trust and confidence from all our stakeholders – including the general public, and an increasing percentage of investors,” says Linda Coady, Enbridge’s Chief Sustainability Officer.
“Our purpose at Enbridge is connecting North Americans with the energy, and the quality of life, they’ve come to expect,” she adds. “Ultimately, it comes down to doing that safely, sustainably, and in a publicly transparent and accountable manner. We believe our inclusion on the latest Global 100 index shows that we’re on the right path.”
German index provider Solactive, which calculates the annual Global 100 index, uses 14 sustainability indicators to arrive at its annual conclusions. They include:
“It’s getting more competitive every year to retain a spot on the Global 100 index, so being on this list is something all of our employees can be proud of – because it wouldn’t be possible without their dedication, on a daily basis, to our core values of integrity, safety, and respect. At the same time, we recognize there is significant work ahead,” says Coady. “The Global 100 index is always raising the bar, with an evolving series of indicators, and that means we need to make constant progress in our sustainability performance.”
The annual Global 100 index begins with more than 4,600 companies worldwide whose market capitalization exceeding US$2 billion. A shortlist of 500 companies is narrowed down to the final 100, as corporations are compared directly with others in the same industry.
In addition to Enbridge's repeated inclusion on the Global 100 index, we have also been named to the Best 50 Corporate Citizens in Canada list for 12 years running. Also compiled by Corporate Knights, this list has recognized Canada’s corporate sustainability leaders since 2002, using a highly transparent and objective methodology.