Regional broadcaster Channel NewsAsia and its partners, CSR Asia and Sustainalytics, today announced that technology companies took seven of the top ten spots in the 2016 Channel NewsAsia Sustainability Ranking. Wipro Ltd. was ranked number one for its proactive efforts to reduce its energy use and mitigate greenhouse gas (GHG) emissions. The annual Ranking identifies the top 100 companies in Asia with the highest sustainability performance, measured based on a broad range of environmental, social and governance (ESG) indicators. The partners released the Ranking at the 2016 CSR Asia Summit in Kowloon Shangri-La, Hong Kong.
Key findings of the 2016 Channel NewsAsia Sustainability Ranking
Companies in the technology sector captured the largest proportion of positions (38 of 100) in the Ranking.
Eighty-two percent of companies in the top 100 are from Japan (33), Taiwan (20), India (16) and South Korea (13). Regulatory oversight of corporate sustainability disclosures is likely the reason for companies in these countries to take leading positions.
Five Japanese companies have been placed in the top 20 of this year’s Ranking, up from only one in the 2015 Ranking.
The top five companies in the 2016 Ranking are Wipro Ltd. (India), City Developments Limited (Singapore), Lite-On Technology Corp. (Taiwan), Hankook Tire Co., Ltd. (South Korea) and Qisda Corporation (Taiwan).
The 2016 Channel NewsAsia Sustainability Ranking is generated based on specific ESG indicators and methodology developed by Sustainalytics, a leading global provider of ESG and corporate governance research and ratings. From the full list of 100 companies identified, the Ranking highlights the overall top performing 20 companies and the top three businesses per country. A total of 11 territories are covered in this robust research – China, Hong Kong, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan and Thailand.
The Channel NewsAsia Sustainability Ranking is part of the channel’s initiative under its larger Corporate Social Responsibility project, Changing Lives. The focus for this year – Business and Philanthropy in Asia – highlights the importance for today’s businesses to take the lead in propelling social change and progress in Asia. The Ranking urges businesses in the region to find the balance among their economic, social and environmental responsibilities in their operations.
Ms Hidayah Ong, Head of Mediacorp’s News Segment, says, “Amidst the competitive and busy corporate climate in Asia, this Ranking serves to help businesses benchmark themselves against some of the best in the industry. It spotlights companies that are successful in corporate sustainability and urges action from others. We hope that such initiatives play a pivotal role in driving change.”
Mr Michael Jantzi, CEO of Sustainalytics, says, “Over the past few years, the consideration of ESG factors has gained significant momentum throughout Asia. This Ranking has added to the dialogue, bringing more attention to the importance of company ESG issues. We congratulate the companies included in this year’s Ranking for providing comprehensive sustainability information to their stakeholders.”
Mr Richard Welford, Chairman, CSR Asia said, “This ranking enables companies and their stakeholders to benchmark performance with respect to sustainability. Bold and effective leadership – from business, government and individuals – is needed to drive the sustainability agenda forward in Asia Pacific. Indices like the Ranking are an important tool to assess which companies are looking to become regional and global leaders”.
The Ranking is available online at http://sustainability-ranking.channelnewsasia.com/
(Source: Channel NewsAsia press release)