21 January 2016
StarHub Named World's Eighth Most Sustainable Company
StarHub ranked the most sustainable organisation in Singapore
Singapore, 21 January 2016 - StarHub, Singapore’s first fully integrated info-communications provider welcomed the announcement that its ranking jumped to the eighth position on the Corporate Knights’ Global 100, a list of the world’s most sustainable corporations. StarHub was recognised as the most sustainable Singaporean company and the only Singaporean infocommunications provider listed in this prestigious ranking.
The Corporate Knights’ Global 100 is recognised worldwide as the gold standard in corporate sustainability analysis. It is released annually at the World Economic Forum in Davos, Switzerland by Corporate Knights, a Toronto-based media and investment research company.
Global organisations with a market capitalisation in excess of US$2 billion were considered in the Global 100 project. These organisations were assessed based on 12 “key performance indicators” (KPIs) in the areas of Resource Productivity, Financial Performance and Employee Management. This set of KPIs reviewed the productivity on energy, carbon, water, waste and innovation. It also looked at the percentage of tax paid, ratio of CEO compensation to average employee’s compensation, pension fund status, safety performance, employee turnover, leadership diversity as well as clean capitalism pay link. The ranking exclusively considered characteristics that can be measured quantitatively.
In 2013, StarHub was ranked 66th in its first entry and had improved its ranking to 29th in 2014 and 24th in 2015. StarHub remains Singapore’s only info-communications provider to be listed in the Global 100, the most extensive data-driven corporate sustainability assessment in the world.
Mr Tan Tong Hai, Chief Executive Officer of StarHub said, “It is an honour for us to be ranked as the eighth most sustainable company in the world. I am very happy that our efforts to create a sustainable future and to deliver long term value for our stakeholders are recognised. It has always been important to us to do what is right for the business, community and the environment. Our efforts are ongoing, and we will continue to work hard in our sustainability efforts.”
“StarHub’s impressive jump in the ranking is a strong testament to its sustainability commitment. It continues to raise the bar for sustainability reporting and this global best practice is relevant not only for the info-communications industry but for companies in other industries too. Sustainability is no longer an option, rather it is a necessity. We hope more companies will take a leaf from StarHub in its dedication to sustainability,” said Mr Toby Heaps, CEO of Corporate Knights.
For full rankings and other details, please see www.global100.org or www.corporateknights.com/global100.