"We are excited to be included again in the U.N. Global Compact 100 for our commitment to sustainable and responsible business practices," said Jim Levitt, President, Atlas Copco North America LLC. "Not only does it make good business sense to align our operations with sustainable practices, but it also positively impacts the environment, our customers and the industry."
The U.N. Global Compact is a strategic policy initiative for businesses committed to aligning their strategies and operations with 10 universally accepted principles in the areas of human rights, labor, environment and anti-corruption. Atlas Copco has been a member of the U.N. Global Compact since 2008, and the company's Business Code of Practice is built on the compact's 10 principles.
The Global Compact 100 companies were selected based on their adherence to these principles and for evidence of executive leadership commitment and consistent baseline profitability. The "GC 100" index showed a total investment return of 21.8% by the end of its first year, outperforming the general global stock market, according to the U.N. Global Compact Office.
Earlier this month, Atlas Copco was included in the FTS4Good Stock Index, which measures globally recognized corporate responsibility standards in environmental, social and governance practices. Atlas Copco was also included in the prestigious Dow Jones Sustainability Index, ranked number seven globally in the Newsweek Green Rankings, and recognized in the Top 100 Global Sustainable Companies, presented at the World Economic Forum in Davos, Switzerland.