The Global 100 is a project initiated annually by Corporate Knights Inc, a media, research and financial products company focused on quantifying and animating clean capitalism drivers for decision makers. According to their website, the Global 100 is self-described as “the most extensive data-driven corporate sustainability assessment in existence.”
The list starts with 4,000 publicly traded companies of all industry groups and is methodically trimmed down to 100. This list not only promotes sustainable business practices, but worker happiness and transparency as well.
If you’re interested in making your business more sustainable but unsure of where to start, there’s definitely some value in learning how these companies are rated and evaluated. The Key Performance Indicators (KPIs) utilized in the overall assessment are areas most businesses can (and probably should) focus some energy on.
– Energy Productivity (revenue per gigajoule of energy consumption);
– Carbon Productivity (revenue per metric ton of direct/indirect GHG emissions);
– Water Productivity (revenue per cubic meter of water withdrawal);
– Waste Productivity (revenue per metric ton of produced waste);
– Leadership Diversity (percentage of women and visible minority on board of directors);
– Clean Capitalism Pay Link (at least one senior executive’s compensation tied to clean capitalism-themed performance targets);
– % Tax Paid (percentage of reported tax obligation paid in tax);
– CEO-Average Worker Pay (how much more CEO gets paid compared to average worker);
– Safety Productivity (revenue divided by lost-time incidents and fatalities);
– Innovation Capacity (revenue per R&D dollar spent);
– Employee Turnover (percentage of employees that voluntarily leave the company).
You might not feature in the Global 100 anytime soon, but you can still use knowledge of these KPIs to your advantage. Put into practice, strong leadership diversity and innovation capacity will benefit any business. And for for any business that handles hazardous materials or regulated medical waste, or deals with hazardous waste disposal concerns, waste productivity is huge.
Check out this year’s list here if you’re interested in seeing which companies made the cut.
As always, Hazardous Waste Experts is able to provide competent, knowledgeable assistance with your sustainability concerns and helping you manage your hazardous materials in a way that is safe, compliant, and low-cost.
For more information on storage or hazardous waste removal concerns, call us at 800-936-2311 to speak with an expert.