Adidas has been named the fifth-most-sustainable corporation in the world, according to rankings released by Toronto company Corporate Knights Capital.
The company shared its Global 100 Index, which ranks the corporate sustainability of publicly traded companies with a market cap of at least $2 billion. Companies are scored on 12 indicators, including energy and water use, employee compensation and corporate tax strategy. Corporate Knights Capital explains that its methodology is “more akin to a financial index than many other ‘sustainability’ indices.”
Germany-based athletic brand Adidas is No. 5, behind automaker BMW, software company Dassault Systemes, construction and engineering firm Outotec and Commonwealth Bank of Australia.
U.K. retailer Marks & Spencer also made the list, as did H&M and Kering. German consumer-products company Henkel also made the list. That company’s CEO, Kasper Rorsted, was named the new CEO of Adidas last week, replacing Herbert Hainer.
H&M tweeted about its top-20 ranking.
We’re proud to be ranked top 20 at the global 100 list of the most sustainable corporations in the world! 💚 https://t.co/dLwc198eor
— H&M (@hm) January 22, 2016