ESG News Review 11 – 17 October 2014

20 10 2014

Procter & Gamble was among the most praised companies last week as it announced its plans to cut the water used in manufacturing by 20 percent in the next six years as part of an expansion of its sustainability goals. Iberdrola said it was included in the 2014 editions of the Climate Performance Leadership and Climate Disclosure Leadership sustainability indices, following its inclusion in the 2014 Dow Jones Sustainability index and in the FTSE4Good 2014 ranking. H&M recently launched a family denim line that uses 58 per cent less energy and 56 per cent less water than are required for its main denim products. The Bombay high court ruled in favour of the Indian unit of Vodafone in a long-running transfer-pricing dispute with the Indian tax department. A £500 million deal has been announced by green electricity company Ecotricity to build wind farms to power 200,000 UK homes in partnership with global Swedish construction firm Skanska.

Tesco was among the most criticized companies last week, as it has suspended another three employees as part of an investigation into an alleged 250 million pounds profit overstatement. BP is being sued for environmental damage that Colombian farmers allege the oil group caused to their land by building a pipeline. Deutsche Telekom was fined 70 million euros by EU antitrust regulators as its Slovak unit “squeezed out rivals in Slovakia’s broadband market over a five-year period starting from 2005” (Reuters). Environmental group Himpunan Hijau expressed concerns about the handling of radioactive waste at Lynas rare earth processing plant in Gebeng, Pahang (Malaysia). Syngenta Seeds is facing a potential class-action lawsuits by U.S. farmers claiming that “Syngenta “crippled” the U.S. corn export market to China and lowered domestic corn prices for all farmers” (Star Tribune, Minneapolis).

The tag cloud below shows words found in news about these companies.

ESG News Review 11 - 17 October 2014

Words found in news about most praised and most criticized companies last week

This weekly review has been produced using the EthicalQuote reputation index run by Covalence, which tracks 2800 companies worldwide. It gives a summary of positive and negative news published last week about Environmental, Social, Governance (ESG), Corporate Social Responsibility (CSR), ethics and sustainability.

The EthicalQuote reputation index integrates thousands of news pieces gathered online and classified according to 50 ESG criteria inspired by the Global Reporting Initiative (GRI), and to their positive or negative sentiment.

The next heatmap represents the sentiment calculated for each of the 50 criteria last week. The 50 criteria are embedded into 7 dimensions, following the structure of the GRI. The color indicates the ratio of positive news / total news.

ESG News Review 11 - 17 October 2014

Ratio of positive news / total news for 50 criteria last week 0 % countryofactionBAR130610_70 100 %

The map below represents countries where action described in the news takes place, the color reflecting the ratio of positive news / total news for each active country using last week’s data.

ESG News Review 11 - 17 October 2014

Ratio of positive news / total news 0 % countryofactionBAR130610_70 100 %

In terms of volume of information USA, UK, France, Spain, India, Germany, Australia, Canada, China, and Mexico were the main countries of action.

Last week statistics

Positives 599 Companies named 277 Countries 66
Negatives 515 Mostly praised 162 Sources 248
Total 1114 Mostly criticized 103    
Positives / Total 45%        

These figures show the activity in Covalence EthicalQuote database during the week of 11 – 17 October 2014.

Historical statistics

  ESG News Review 11 - 17 October 2014
Positives 394026
Negatives 260745
Total 654771
Sources 41803
Start 01.01.2002
End 17.10.2014
   

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