Scania ranks high in sustainability
Scania is once again ranked among the world’s 100 most sustainable corporations, according to the prestigious Corporate Knights Global 100 list.
The list, which is announced each year during the World Economic Forum in Davos, includes companies from all sectors of the economy.
Ranked in place 38, Scania was the highest ranked Swedish company, and the second highest in the automotive industry after BMW.
Inclusion in the Global 100 index is determined using twelve quantitative sustainability indicators, including the amount of revenue companies generate per unit of energy consumption, the ratio of CEO to average worker salary, lost time injury rate, carbon emissions and leadership diversity.
Focusing on sustainability is a key success factor for Scania. More than 90 percent of the environmental impact of Scania products occurs during use. That is why Scania through toolbox product offerings like Ecolution by Scania, helps customers to dramatically reduce costs and carbon while improving road safety. Scania also works hard to provide safe and healthy workplaces and to ensure that the company’s own operations and products are as lean and clean as possible.
According to Toby Heaps, CEO of Corporate Knights, the Global 100’s out-performance of 3.21% over this period speaks to the investment benefits of sustainability. “The results speak for themselves. Topping a well-diversified benchmark is not easy, but the Global 100 has managed to squeak out marginal out-performance across a turbulent period in the history of the capital markets. We attribute this excess return to the growing investment relevance of core sustainability themes.”