Accountable Companies
October 23rd, 2006 | Posted in Responsibility
Fortune recently conducted its second annual Global 500 survey on how the world’s largest companies conform to socially responsible business practices. A summary of the survey can be found in an article entitled, “Beyond the bottom line“, published today online. Remember, the survey doesn’t rank how socially responsible a company is necessarily but how open it is about its behavior regarding social responsibility. The top 11 most accountable companies, as reported by the article here, are listed below. The information in parentheses includes Accountability score out of 100, Global 500 rank, Sector and Region as determined by the companies AccountAbility (a London think tank on corporate accountability) and CSRnetwork (a British for-profit consultancy).
1. Vodafone (72, 66, Computers and electronics, Euorpe)
2. BP (71, 4, Petroleum refining, Europe)
3. Royal Dutch Shell (69, 3, Petroleum refining, Europe)
4. Electricite de France (61, 68, Energy and utilities, Europe)
5. Suez (58, 96, Energy and utilities, Europe)
6. Enel (56, 132, Energy and utilities, Europe)
7. HSBC Holdings (56, 26, Financial, Europe)
8. Veolia Environnement (55, 185, Energy and utilities, Europe)
9. HBOS (53, 49, Financial, Europe)
10. Carrefour (50, 25, Trading and merchandise, Europe)
11. Peugeot (50, 60, Automotive, Europe)
I double checked the list to make sure the survey included companies not in Europe and apparently it did. The Europeans definitely dominate the list though, as do companies in energy related fields. Check out the summaries of the top 11 to discover why each company made the list and what is driving their responsibility.
Shame on American companies for not cracking the top ten. That’s just embarrassing.
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