4 South Korean firms put on world's 100 most sustainable corporations list

By Park Sae-jin Posted : January 22, 2015, 17:23 Updated : January 22, 2015, 17:34

 

Four South Korean companies were put on the list of the world's 100 most sustainable corporations selected by a Canadian economic magazine.

They were POSCO, Samsung Electronics, LG Electronics and Shinhan Financial Group, the magazine, Corporate Knights, said on Wednesday (local time). 

Steelmaker POSCO found itself in 36th place in its Global 100 Class debut. 

Samsung moved down 11 notches to 45th place, while Shinhan nosedived from 30th to 70th.

LG jumped 31 notches to 51st. 

Topping the list was Biogen, a Massachusetts-based biotechnol­ogy firm, that finished second last year. Fellow American pharmaceutical company Allergan ranked second, followed by German sportswear company Adidas, Singa­porean real estate corporation Keppel Land and Finnish retailing conglomerate Kesko.

The United States had 20 companies on the list, its best showing in the 11-year history of the Global 100; Canada and France 12 each; the United Kingdom 11; and Finland and Germany five each. 

"The impressive economic per­formance of the American economy in the face of global headwinds likely played a factor here," the magazine said.

China and Japan had only one company, each. Lenovo Group and pharmaceutical company Eisai came in 73rd and 50th, respectively. 

"China’s continued weak showing in the Global 100 could be seen as evi­dence of complacency regarding corpo­rate sustainability, but separate research conducted by CK Capital suggests that Chinese disclosure practices are im­proving dramatically," the magazine said. 
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