Brambles, supply-chain logistics company operating in more than 60 countries primarily through the CHEP brand, has been named the second most sustainable company in the world by Barrons Magazine, following Accenture, the Dublin-based consulting and professional-services corporation.
Barrons, an American weekly newspaper published by Dow Jones & Company, together with Calvert Research and Management, took the 1,000 largest publicly held companies by market value in 24 developed-country markets (excluding the U.S.) and evaluated them using the same scoring process and five stakeholder categories that it uses to rank the U.S. list.
Brambles was recognized by Calvert Research for their sustainable sourcing and their workplace labor performance. According to the research company: “Brambles conducts an employee engagement survey and uses the confidential feedback to improve operations. It also provides online training and one-on-one coaching for employees and has pioneered pallets made from waste”.
Brambles Head of Global Sustainability, Juan Jose Freijo. said: “We are extremely proud to be recognized as a world-wide sustainability leader. The long-term, sustainable value that we create for all of our stakeholders is generated by our global scale and circular business model, which defines not just how we do things but who we are. Our work has always eliminated waste and reduced demand for natural resources throughout the supply chain, so we are pleased to be recognized again.”
MSCI and DJSI
Also, for the fifth consecutive year, Brambles has maintained its industry leading position in MSCI (Morgan Stanley Capital International) ESG ratings . MSCI ESG Research is used by 46 of the top 50 asset managers and over 1,200 investors worldwide and they are recognized as a ‘Gold Standard data provider’. “Brambles continues to lead the industry in overall ESG performance, demonstrating a commitment to sustainability through comprehensive programs addressing all material key issues on which we assess the industry,” stated MSCI in its report.
“Brambles is benchmarked against industry peers in the Commercial Services and Supplies sector and has outperformed all other organisations against the most material ESG risks and the ability to manage these risks relative to industry peers. In 2018, 99.4% of its timber came from certified sources, bringing it closer to its 2020 Goal of 100%, and being named as one of the top six companies in the world for fighting supply chain deforestation by not-for-profit CDP, a UK based organization which aim is to study the implications of climate change for the world’s principal publicly traded companies.
Finally, last year Brambles was also ranked in the top two performing companies in the Dow Jones Sustainability Index (DJSI) in the Commercial Services and Supplies industry category. That was the fifth year running that Brambles has been included in the DJSI. Representing the “Gold Standard” for corporate sustainability, the DJSI is the first global index to track leading sustainability-driven companies based on sustainability investment specialist RobecoSAM’s analysis of financially material ESG factors and S&P Dow Jones Indices’ robust index methodology.