StarHub climbs up ranking of world’s 100 most sustainable corporations

Louise Duffy | 24-01-2014

Singaporean comms provider StarHub has moved up the ranking on the Corporate Knights’ Global 100, a list of the world’s most sustainable corporations.

It has moved from last year's entry position of 66 up to 29. The Corporate Knights is a Toronto-based media and investment research company, and its Global 100 is now in its 10th year.

StarHub is the only Singaporean infocommunications provider to have been listed in the ranking.

Tan Tong Hai, Chief Executive Officer, StarHub, said: “We are extremely happy, both to be listed alongside other champions of sustainability from around the world as well as to have improved so markedly in such a rigorous ranking.

“While StarHub is a relatively young company, we have always been committed to conducting business in a sustainable manner. That is why we continuously strive for a more harmonious balance between our economic, social and environmental objectives.

“Investors are concerned with more than just profit these days. They are also interested in how companies integrate people and planet into their triple bottom line. Being listed on and improving our ranking on the Corporate Knights’ Global 100 is a validation of our ongoing efforts to be sustainable, and we shall continue our efforts to truly make a difference for our environment.”

“The Global 100 follows a rules-based index construction methodology,” said Doug Morrow, Managing Director at Corporate Knights. “We unpackage 'sustainability' into its component parts, and build the index from the ground up using clearly defined ratios and performance indicators.”

All listed companies with a market capitalisation in excess of $US 2 billion — numbering 3,641 — were automatically considered in the 2014 Global 100 project. Four screens are employed based on companies’ sustainability disclosure practices, financial health, product category and financial sanctions and companies that pass all four screens constitute the 2014 Global 100 Shortlist. These are then assessed on 12 key performance indicators (KPIs) to select the Global 100.

For full rankings and other details, see www.global100.org.