Electrolux hits a sustainability homerun with three recognitions of performance in a recently published Sustainable Asset Management report ‘The Sustainability Yearbook 2008’. The Group received mention as a Gold Class Member, Sector Mover and Sector Leader.
‘The Sustainability Yearbook’, a yearly reference work that highlights leading companies in terms of sustainability, is published by Sustainable Asset Management (SAM). The Swiss firm is among the world’s leading institutions specialising in sustainability investments and manages the foremost indexes on corporate sustainability, the Dow Jones Sustainability Indexes.
“2007 was a milestone year for Electrolux and our work with sustainability. We’ve been able to demonstrate to the market that a sustainable approach creates greater business value,” says Henrik Sundström, Electrolux Vice President of Sustainability Affairs. “SAM ranks us among the best performers across all industries and globally, in a time when growing numbers regard corporate responsibility as critical to their business strategy.”
• As a SAM Gold Class company, Electrolux is recognized for achieving a score of 79% in SAM’s evaluation of the Group’s environmental and social performance, a jump from 68% the year previous. Environmental performance was a particular area of strength.
• Since Electrolux has demonstrated the greatest relative progress from previous analysis in its sector, Electrolux was awarded the title SAM Sector Mover.
• As announced in fall 2007, Electrolux was awarded Sector Leader together with inclusion as a constituent in the Dow Jones Sustainability World Index. Electrolux is the only household appliance manufacturer to qualify for the World Index.
SAM analyzed sustainability performance of the top-scoring 15% of the 2,500 largest companies as ranked by the Dow Jones Global Indexes. The ranking is based on how companies cope with sustainability trends and challenges that are likely to have an impact on shareholder value creation. The report identifies companies that are better than their peers in seizing opportunities and managing risks associated with global and industry-specific trends and challenges; and which therefore represent attractive investment opportunities.