Galp Energia was considered the 16th most sustainable company in the world by the Canadian Corporate Knights in its annual sustainability ranking: the Global 100 Most Sustainable Corporations in the World. It is the first company of the Oil & Gas sector in the ranking, alongside Statoil, in a total of 7 companies of the sector. Since 2013, the company has jumped 40 positions in the absolute ranking, having reached its best result ever this year.
The 2016 ranking includes companies from 21 countries which, on October 1st 2015, had stock market valuations of more than 2 billion dollars, with Galp Energia being the only Portuguese company represented.
The qualifying companies are scored on a list of 12 key performance indicators that range from energy and water use, to employee compensation and corporate tax strategy. Because the indicators are quantitative and clearly-defined, the results of the Global 100 are objective and replicable.
The Global 100 follows a rules-based construction methodology and is more akin to a financial index than many other “sustainability” indices. It is maintained by Corporate Knights Capital.
The inclusion of Galp Energia in this ranking recognises the integration of best sustainability practices in a coherent way, in all aspects of the company's life. This also explains the inclusion of Galp Energia in the Dow Jones Sustainability Index, the FTSE4Good Index, and the CDP - Driving Sustainable Economies, other major global references in corporate sustainability.
Other benchmark indices in which Galp is listed
Dow Jones Sustainability Index - The Dow Jones sustainability indices were created in 1999 to follow the financial performance of the leading global companies for which value creation is underpinned by the highest sustainability criteria. In this chapter, one of the most credible global indices is considered. The assessment undertaken includes economic, social and environmental criteria and the published results serve as a reference for global investors. Galp Energia has been listed on the index since 2012.
FTSE4Good Index Series - The FTSE4Good Index Series, the FTSE index that assesses and classifies the performance of companies with demanding environmental, social and governance practices, serves as a reference to a growing number of institutional investors that only invest in companies that meet these criteria. FTSE is a global leader in indexing and analytic solutions and its indices assess a vast number of markets and asset classes in more than 80 countries around the world. Galp Energia was listed on the FTSE4Good Index in 2014.
CDP - Driving Sustainable Economies - CDP is a non-profit international organisation responsible for the largest and most complete global dissemination system of environmental information, used by more than 750 institutional investors that generate 92 billion dollars in assets, companies and governments. Galp Energia has been listed on the Climate Disclosure Leadership Index, which is compiled by PricewaterhouseCoopers, since 2012.
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