Top sustainable companies

ICIS Chemical Business (the magazine I work for) released yesterday its Top 100 global chemical companies based on their financial performance, and Germany’s BASF topped the chart with $85bn (EUR61bn) in 2007 sales.

Just less than a week ago, BASF was also picked as the top sustainable company within the chemical sector by the Dow Jones Sustainability Index (DJSI) 2008 review.

Coincidence? Most probably, but there is no arguing that companies are profiting from the green trend not only because their customers demand sustainable products but the companies themselves are applying sustainability actions such as energy- and fuel-efficiency, and waste- and byproduct-reductions in their processing and distribution, that lead to lower operational costs.BASF noted that it is the first company across the globe that was able to present a comprehensive carbon balance for its operations. The company plans to further increase energy efficiency of their production processes by 25 percent by 2020.

You can check out other sustainable leaders in 19 different sectors in the DJSI site. Among them, Netherlands-based Unilever was picked in the food and beverage sector, Swiss company Novartis in Health Care, and Italy-based Eni in oil and gas sector.

Within the chemical sector, DJSI ranked AkzoNobel as only 1% behind BASF. The company topped the index last year.

“We congratulate BASF and are pleased to see that other companies are taking sustainability as seriously as ourselves,” said AkzoNobel CEO Hans Wijers. “The continual improvement of our sustainability performance, however, is not driven by the desire to top rankings or win awards. It’s because it is crucial to our economic future and the success of our customers.”

AkzoNobel also carried out sustainability assessment of its entire product portolio earlier this year and said that 18% of its profits was generated by their greener product alternatives. The company said it intends to increase this figure to 30% by 2015.

Other chemical companies that made it into the DJSI list (which they graciously informed me through their press releases) include Rhodia, Neste Oil, Praxair, MeadWestvaco, and Nalco.
addthis_pub = ‘greenchicgeek’;

Leave a Reply