The top corporations dedicated to sustainability in the energy category
CR Magazine has put together its annual set of the “2017 Most Responsible Companies Ranked by Industry Sector” list. This list serves to help readers establish that their supply chain is comprised of the most responsible, sustainable, and transparent companies—creating shared value when strategic opportunities arise. In past years, this ranked list includes the top 12 companies in all 11 industry categories. This year, we are going to break down the list to feature one industry sector per magazine, to bring more attention to the category as a whole. In this issue we focus on “Energy.”
For these compilations, we use the same methodology as the “100 Best Corporate Citizens List,” with one additional data slice. The Best Corporate Citizens database comprises publicly available data from Russell 1000 companies collected and analyzed by IW Financial, a Portland, Maine-based financial analysis firm serving the environment, social, and governance (ESG) investment community.
For the “2017 Most Responsible Companies Ranked by Industry Sector” list, we identify the industry sectors with high representation among the Russell 1000, our starting point for our database. We narrow those to 11 total and apply the same review process to the companies on those sector lists as we do for the 100 Best Corporate Citizens List.
The methodology collects 260 data elements in seven categories: climate change, employee relations, environment, financial, governance, human rights, and philanthropy & community support. Data in each category takes one of two forms, true/false or numerical. “True” counts as a positive value; “False” as zero value. Numerical values are compared with all other companies’ numerical answers in order to generate a ranking. Non-reporters in these numerical cases rank worse than worst numerical respondent in any group.
We tally total scores from the collected data elements for the seven categories and apply weights to each category to account for different relative values: those total scores are rank ordered, highest to lowest, to generate our industry sector rankings. The entire process, including the weightings, is overseen by our methodology committee, whose members include CR practitioners, NGO representatives, investors, and regulators.
We congratulate all of the winners! For more details on the weightings, the data collection process and analysis, visit www.thecro.com and click on the “100 Best Corporate Citizens” tab.