Telenor ranked second most sustainable telecom company
Article:
Telenor is ranked second best in the world among all telecommunication companies at the Global 100, a sustainability assessment of large-cap companies announced each year at the World Economic Forum in Davos.
The Global 100 lists the top one hundred most sustainable companies (with a large market capitalization) in the world. The results were presented today at the World Economic Forum in Davos.
A useful performance benchmark
“The Global 100 gives us a useful benchmark for our performance and for how we compare to the other major players in our industry. The growing interest in corporate sustainability from investors and analysts proves that this part of our business creates value for Telenor Group,” said Ola Jo Tandre, Director and acting Head of Corporate Responsibility, Telenor Group.
Launched in 2005, the Global 100 is an extensive data-driven corporate sustainability assessment and inclusion is limited to a select group of the top 100 large-cap companies in the world. Telenor ranks 48th overall, and first place among the telecoms companies goes to Vivendi of France. Among the four Norwegian companies on the list, Statoil ranks third and Storebrand in sixth.
Measured on sustainability indicators
The Global 100 uses the following sustainability indicators when scoring the companies: energy productivity, carbon productivity, water productivity, waste productivity, Innovation capacity, tax paid (%), CEO to average employee pay ratio, pension fund status, safety performance, employee turnover, “Clean Capitalism Pay Link”. Further information: www.global100.org .