American Water and Campbell Soup Co., both based in Camden, were named as part of the 100 Most Sustainable Corporations in the World by Corporate Knights, a media and research company that produces rankings and financial product ratings based on corporate sustainability performance.
American Water is the top-ranked water utility company on the list and is ranked No. 6 overall in the Global 100. This is its third year in a row appearing in the Top 100. Ranked No. 89, Campbell is one of only two U.S. food companies included in the Global 100.
“At American Water, we support and embrace environmental, social and governance goals because we believe it is the right thing to do,” said Susan Hardwick, executive vice president, chief financial officer and interim CEO of American Water. “We are committed to reducing our impact on the environment and supporting the sustainability of a key renewable and essential resource. This commitment is shared by our employees, and we are honored to be included on the Global 100 list as recognition of our efforts.”
“At Campbell, we are committed to building a more sustainable and resilient food system,” said Stewart Lindsay, Campbell’s vice president, corporate responsibility and sustainability. “This recognition is a testament to our more than 14,000 employees and the care they show each day for one another and for our customers, consumers, communities and the planet.”
The ranking of corporate sustainability performance is based on “clean revenue” (the percentage of a company’s total revenue derived from products and services that are categorized as “clean” according to Corporate Knights) in addition to resource, employee and financial management, and supplier performance.
Corporate Knights analyzed 6,914 companies with more than $1 billion in revenues to create the list.
According to Corporate Knights, there is a continued correlation between higher investor returns and strong performance on key ESG metrics. It also sheds light on the evolution of ESG priorities and outcomes, and on the extent of the gap between leading sustainability performers and their global corporate peers.