Singapore, 23 January 2013 – StarHub’s green initiatives have garnered kudos internationally, with the Singapore infocommunications provider selected for Corporate Knights’ Global 100, a list of the world’s most sustainable corporations, and clinching the 66th position.
The announcement was made this evening at the World Economic Forum in Davos, Switzerland, by the Corporate Knights, a Toronto-based media and investment research company. The Global 100 is recognised as the world’s most credible corporate sustainability ranking,[1] and consists of the 100 top-performing stocks worldwide on a range of sector-specific ‘sustainability’ metrics.
StarHub is the only local infocommunications provider to have been listed in this prestigious ranking.
“We are very proud to have been listed amongst other sustainable giants from around the world,” shared Neil Montefiore, Chief Executive Officer, StarHub. “Although we are a relatively young company, we have always believed in doing the right thing when it comes to taking care of the community and environment in which we operate.”
In 2012, StarHub published its first full-fledged Sustainability Report—certified Application Level B—based on the GRI framework, initiated an islandwide electronic waste recycling programme for consumers, planted trees and implemented paperless processes internally and for its consumers, amongst other green efforts.
Commenting on this year’s Global 100, Toby Heaps, Corporate Knights CEO, remarked: “The Global 100 are leading a resource productivity revolution, transforming waste into treasure and doing more with less. They are steering our civilisation away from ecological overshoot and back to a place of balance with our planet.”
Corporate Knights collected data for the project primarily from Bloomberg and through direct engagement with the 350 companies that made the project’s shortlist, selected from the project’s starting universe of all global mid and large cap stocks (numbering approximately 4,000).
“We feel that the sustainability data that flows into our Global 100 research model, once properly cleansed, can contain hidden and statistically robust signals about companies’ future financial performance,” said Doug Morrow, VP Research at Corporate Knights. “It is a vastly underutilized source of competitive information on Wall Street and in the asset management community worldwide.”
“More and more these days, investors are leaning towards companies that look at the triple bottom line,” concluded Mr Montefiore. “We constantly strive to achieve that true integration of People, Planet and Profit, and being listed on the Global 100 is a validation of our on-going efforts to be sustainable.”
For full rankings and other details, please see: www.global100.org or www.corporateknights.com/global100.
[1] As recognized in Rate the Raters, Phase 5. Source: http://www.sustainability.com/library/rate-the-raters-phase-five-polling-the-experts-2012
