Covalence Announces Ethical Ranking Q1 2009

Category: CG Research & Insights, CSR Research & Insights, Ethics Research & Insights, AC Whats New, AC RSS
Source: Covalence

Geneva-based Covalence has published its quarterly ethical ranking covering a universe of 541 multinationals within 18 sectors.

The main results across sectors are:

• The following companies enter the top 10: IBM (3^rd) and Cisco Systems (9^th), replacing DuPont (11^th) and Rio Tinto (13^th).

• During Q1 2009 the following criteria have gained importance compared to the previous quarter: International Presence, Wages, Eco Innovative Product, Downsizing, Anticorruption Policy.

 Companies are ranked in each sector as well as across sectors. The data used to build this ranking runs from 2002 to 31 March 2009.

Leaders Across Sectors: 1. Intel Corp, 2. HSBC Holdings, 3. IBM, 4. Unilever, 5. Marks & Spencer, 6. Alcoa Inc, 7. Dell Inc, 8. Xerox, 9. Cisco Systems, 10. General Electric;

 Sector Leaders: Automobiles & Parts: Honda Motor; Banks: HSBC Holdings; Basic Resources: Alcoa Inc; Chemicals: DuPont; Construction & Materials: Holcim; Financial Services: Goldman Sachs; Food & Beverages: Unilever; Health Care: Bristol Myers Squibb; Industrial Goods & Services: General Electric; Insurance: Swiss Re; Media: Walt Disney Co; Oil & Gas: StatoilHydro; Personal & Household Goods: Procter & Gamble; Retail: Marks & Spencer; Technology: Intel Corp; Telecommunication: Vodafone; Travel & Leisure: Starbucks; Utilities: PG&E Corp.

 More information on Covalence Ethical Ranking Q1 2009:

> Press Release (.pdf)
> Detailed Results (.xls)

About Covalence: Geneva-based Covalence tracks the ethical reputation of multinationals by sourcing online information. We publish ethical rankings and offer reputation management products to clients among companies, investors and institutions, while informing researchers and the media > Covalence in the news.

Covalence’s ethical quotation system is a reputation index based on quantifying qualitative data, which is classified according to 45 criteria such as Labour standards, Waste management, Product social utility or Human rights policy. It is a barometer of how multinationals are perceived in the ethical field. The system integrates thousands of documents found among media, companies, blogs, NGOs and other sources.

This tool received the Cantonal Sustainable Development Prize (Geneva) in 2004 and prompted Covalence among the finalists of the Social Entrepreneur of the Year 2005 award organised by the Schwab Foundation. Covalence research is also distributed by Reuters, Thomson Financial and Bloomberg.

 Covalence is closely monitoring 18 sectors including 550 companies that are classified as the largest market capitalizations in the Dow Jones World Index. Covalence is a limited company that was founded in Geneva in 2001 by six persons with political science and finance backgrounds.

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