Gabrielle Saulsbery//January 23, 2020//
Gabrielle Saulsbery//January 23, 2020//
Three New Jersey companies are among the top 100 most sustainable in the world, according to research company Corporate Knights.
American Water and Campbell Soup Co., both based in Camden, ranked No. 16 and No. 93 respectively. Merck & Co., based in Kenilworth, ranked No. 78.
Several other companies with U.S. headquarters in New Jersey also made the list. Unilever, with U.S. headquarters in Englewood Cliffs, is No. 46; Novo Nordisk, with U.S. headquarters in Plainsboro, is No. 71; Konica Minolta, with U.S. headquarters in Ramsey, is No. 72; BASF Corp., with U.S. headquarters in Florham Park, is No. 87; and Panasonic Corp., with U.S. headquarters in Newark, is No. 89.
16. American Water
46. Unilever
71. Novo Nordisk
72. Konica Minolta
78. Merck & Co.
87. BASF Corp.
89. Panasonic Corp.
93. Campbell Soup Co.
This is Corporate Knights’ 16th annual 100 Most Sustainable Corporations in the World, or Global 100 list, which is created based on metrics covering resources, employees and financial management, along with clean revenue. Corporate Knights analyzed 7,395 companies with more than $1 billion in revenue for the list.
“This recognition is a testament to our employees who bring our purpose to life every day by driving Campbell’s corporate responsibility and sustainability programs,” said Roma McCaig, Campbell’s vice president of corporate responsibility and sustainability in a statement.
According to Corporate Knights, analysis of the company age and financial performance of the 2020 Global 100 demonstrates that “top sustainability performers tend to last longer and perform better for investors than comparable companies.”
The average age in the Global 100 is 83 years. The average age of companies on the MSCI All Country World Index, an index maintained by Morgan Stanley Capital International designed to provide a broad measure of equity-market performance, is 49 years old.