Analog Devices has announced that it has been ranked #17 in the Corporate Knights 2019 list of the 100 Most Sustainable Corporations in the World. This is the third consecutive year that ADI has risen on the list, having ranked #42 in 2018 and #78 in 2017.
“We are delighted to be recognized once again for our strong commitment to economic, environmental, governance, and social sustainability,” said Vincent Roche, President and CEO, Analog Devices. “At ADI, we have long prided ourselves in setting increasingly ambitious goals in these areas and driving aggressively to meet and exceed them across our global footprint.”
The 100 Most Sustainable Corporations in the World annual list is compiled by Corporate Knights, a Canada-based media and investment research firm focused on clean capitalism. More than 7,500 global corporations with annual revenue of more than $1bn were assessed, and ranking is based on 21 key performance metrics covering resource management, employee management (including leadership diversity), supplier performance, and clean revenue.
The clean revenue metric, which was introduced in last year’s ranking and now counts for 50% of each company’s score, measures the percentage of revenues earned from products or services that have environmental, or well-defined social benefits.
For ADI, sustainability means being aware of the larger role the company plays in the environments and ecosystems created by its diverse array of technologies, customers, and end markets. The company pursues a business model and practices that enable innovation-driven growth, benefits for all its stakeholders, employees, customers, investors, partners, and communities, and good stewardship of its resources.