LG Named Among the Most Sustainable Corporations by Corporate Knights
For the third consecutive year, LG Electronics was named one of the Global 100 Most Sustainable Corporations in the World by Corporate Knights. The company was also awarded the Gold Class distinction in RobecoSAM’s 2016 Sustainability Yearbook at the World Economic Forum held in Davos, Switzerland. LG said that it is ranked 44th in the most recent edition, which is up seven spots compared to where it finished the previous year.
In a statement, LG explained that Corporate Knights uses a “comprehensive measurement system” to gauge sustainability based on a company’s environmental and societal outcomes, as well as their financial performance. For its annual rankings, Corporate Knights examined around 4,000 top companies from around the world and narrowed that down to the top 100. Each was analyzed across 12 key performance indicators, LG said, including R&D-based innovation, capital asset management, sustainable energy utilization, greenhouse gas emissions, and ability to offer stable employment to existing hires while also successfully integrating new employees.
As for the RobecoSAM rankings, LG explained that it has qualified for inclusion in the firm’s Sustainability Yearbook, which lists the world’s most sustainable companies by industry as determined by the RobecoSAM Corporate Sustainability Assessment. LG said that the Sustainability Yearbook provides “thought-provoking snapshots of the main trends, challenges, and opportunities that connect corporate sustainability initiatives with pro-sustainability investing.” LG scored well enough on the assessment to also qualify for Gold Class distinction.