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Asia firms slump in sustainability rankings

January 24, 2017

Asia firms slump in sustainability rankings

By Ping Manongdo
Tuesday 24 January 2017

Just 12 Asian firms feature in a global ranking of the world’s 100 most sustainable corporations, which this year was topped by German electronics giant Siemens.

While this was a repeat of last year’s tally for the region, most Asian companies have fallen in this year’s Global 100 Most Sustainable Corporations in the World index, an annual sustainability performance ranking for global listed companies compiled by Canadian investment research firm, Corporate Knights.

Singapore property developer City Developments Limited (CDL) emerged as Asia’s most sustainable company, ranking 30th. It ranked 10th last year.

The only other Asian firms to appear in the top 50 were South Korean. Mining company POSCO ranked 35th, an improvement on 40th spot, which is now occupied by financial services giant Shinhan, itself down from 18th last year.

Two other Singapore companies feature in the ranking, telecommunications rivals Singtel (52nd) and StarHub (69th). StarHub ranked 8th in 2016, and was Asia’s most sustainable firm. Singtel didn’t feature last year.

Read more at Eco-Business.

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