Nokia is the world's most sustainable technology company
according to the 10th edition of the
Dow Jones Sustainability Indexes (DJSI) published today.
The sustainability index, cousin to the Dow Jones Industrial
Average index ("the Dow") by which the US stock market performance
is measured, ranks 2,500 companies in over 50 countries on their
impact on the environment.
Companies are rated on their economic, environmental and social
performance to assess corporate governance, risk management,
branding, climate change mitigation, supply-chain standards and
labour practices. It includes general and industry-specific
sustainability criteria for each of 58 sectors.
A DJSI spokesman said investors have poured $8.5bn into
financial instruments related to firms on the DJSI list. This
compares with $29bn for the Dow.
The sustainability index had outperformed the MSCI, a key world
index for fund managers, by 4.67% over the past 10 years. "This is
a clear signal that sustainable companies create better returns,"
he said.
As part of its
climate change
strategy, Nokia is trying to cut its energy consumption and
increase efficiency across its business. This includes reducing
travel, investing in R&D in new technologies using renewable
energy resources. It has plans to increase its proportion of
green electricity, which already accounts for 25% of all the
energy the company consumes.