Yokogawa Electric Corporation has announced that the company has been included in the 2019 Global 100 Most Sustainable Corporations in the World Index (Global 100). This is Yokogawa’s first time on the Global 100, one of the world’s leading sustainability indices. Now in its 15th year, the 2019 Global 100 was disclosed in Davos on 22 January by Corporate Knights, a Canadian media and research company focused on clean capitalism, to coincide with the World Economic Forum.
To determine the 2019 ranking, Corporate Knights undertook a rigorous analysis of more than 7,500 companies with US$1B+ in revenues against global industry peers on a suite of up to 21 quantitative key performance indicators, weighted to reflect each industry’s impact profile. Yokogawa was ranked in the top 25 per cent in both the clean revenues and innovation capacity categories. Clean revenue is known as the percentage of total revenue derived from products and services categorised as ‘clean’ according to the Corporate Knights open-source clean revenue taxonomy. This is informed by synthesis of; Green Goods and Services (U.S. Bureau of Labor Statistics), Environmental and clean Technology Products Economic Account (Statistics Canada) and Climate Bonds Taxonomy (Climate Bonds Initiative), as well as other sources and best practices.
In its core industrial automation and control business, Yokogawa works with customers in the energy, chemical, iron and steel, water, and other industries to improve production efficiency and stability, reduce CO2 emissions and resource use, and ensure workplace safety. In 2018, the company established its life innovation business headquarters to deliver new solutions for the food and pharmaceutical industries and contribute toward a healthy and abundant society.
“As our three goals for sustainability, Yokogawa is working to achieve net-zero emissions, make the transition to a circular economy, and ensure well-being, and we have put in place key performance indicators for each goal for 2020 and 2030,” explained Yokogawa president and CEO, Takashi Nishijima. “Inclusion in the 2019 Global 100 Index is recognition that our core businesses are already making a solid contribution toward a sustainable society, and we will continue to accelerate our initiatives.”