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ABC Company

ABC Co. is a multinational conglomerate with operations across a broad range of industries including worker safety, transportation and electronics, health care and consumer goods. ABC Co. was founded in 1902 and is headquartered in Minnesota, USA. The company sells more than 60,000 different products in around 200 countries. A third of the company's sales come from products invented within the past five years.

Summary

ABC Company’s performance in the 2023 ESG Assessment is modest, so there is clear potential for the company to improve on several topics. It ranks 25 overall among Chemical companies. Its rank in ecosystem and biodiversity and social Inclusion and community Impact are similar, but lags behind in governance and strategy, showing an opportunity to improve in this area.

Ranking Score Card

#309/816

17.7/100

RANK (0-816)

TOTAL SCORE

Ranking Score Card

Governance and strategy

18.8 /100

#478

Ranking Score Card

Ecosystems and biodiversityy

14.8 /100

#274

Ranking Score Card

Social inclusion and community impacty

21.9 /100

#249

Leading practices

No leading practices were identified in the governance and strategy area.

Water

The company has a time-bound target to reduce water withdrawal in its own operations and reports progress against the target. The company has a commitment to respect the right to water.

Solid and air pollution

The company has a time-bound target to reduce water withdrawal in its own operations and reports progress against the target. The company has a commitment to respect the right to water.

No leading practices were identified in the social inclusion and community impact area.

Risks and
opportunities

Sustainability strategy and accountability

The company discloses its process for identifying and prioritising its most relevant sustainability impacts as well as the outcome of this process, in relation to its sustainability strategy. The company does not disclose group-wide targets on key sustainability topics for the most material parts of its value chain. The company does not report consistently against all its targets. No evidence was found that the company links performance criteria in senior executives’ remuneration policies to targets and objectives which cover nature, including biodiversity, and social issues. The company does not disclose whether its highest governance body has expertise regarding nature-related topics.

Stakeholder engagement

The company does not disclose how it engages with stakeholders, nor the issues it raises during such activities.

Lobbying

The company does not report on its lobbying and advocacy practices on nature-related issues, nor whether these activities align with its sustainability strategy.

Impact and dependencies assessment

The company has not holistically assessed its impacts or how it depends on nature, including biodiversity. It has an opportunity to start such an assessment across its value chains, focused on quantification of its impacts or dependencies.

Key areas and species

The company does not disclose key species or areas important for biodiversity affected by its operations or suppliers. It has an opportunity to increase its transparency.

Ecosystem conversion and restoratio

No evidence was found regarding the company’s efforts to avoid ecosystem conversion, including deforestation, or promote restoration. The company has an opportunity to develop a strategy and publicly report on specific, time-bound targets

Resource exploitation and circularity

No evidence was found regarding the company’s efforts to work towards a circular economy or which organisms it exploits. The company has an opportunity to develop a strategy and publicly report on specific, time-bound targets. The company does not disclose efforts to improve soil health

Water

The company demonstrates it is reducing water withdrawal in its own operations. The company does not report how much water is withdrawn for its own operations in water-stressed areas. The company does not engage with suppliers to reduce water withdrawal. The company does not report a decrease in water pollution. The company does not disclose its processes for managing and monitoring discharge water quality. The company does not regularly report on water pollution. The company does not disclose targets to reduce water pollution. The company does not disclose its processes for implementing preventive and corrective action plans for identified specific risks to the right to water and sanitation in its own operations

Solid and air pollution

No evidence that the company reduces the production of hazardous substances was found. The company does not disclose a commitment to avoid developing or marketing new chemicals or products with SVHC (substance of very high concern) properties. No evidence that the company is reducing the production of hazardous waste was found. The company is reducing plastic use and waste in its own operations. The company does not report on the amount of plastic waste generated and proportions directed from or to disposal. The company reports regularly on air quality parameters of emissions of harmful air pollutants. The company does not report time-bound targets to reduce air pollutants across the most material parts of its value chain.

GHG emissions

The company is reducing its scope 1 and 2 greenhouse gas emissions. The company has a time-bound target to reduce its scope 1 and 2 emissions. The company reports progress against its scope 1 and 2 emissions target. No evidence that the company’s scope 1 and 2 emissions target is aligned with a 1.5-degree trajectory was found. No evidence that the company reduces its scope 3 emissions was found. The company does not disclose a time-bound target to reduce its scope 3 emissions. The company does not report progress against its scope 3 emissions target. No evidence that the company’s scope 3 emissions target is aligned with a 1.5-degree trajectory was found

Invasive species

The company has not identified any activities that could lead to the introduction of invasive alien species in its own operations.

Safe, healthy, clean environment

The company does not disclose a commitment to respecting local communities’ right to a safe, clean, healthy and sustainable environment or to zero tolerance for acts of violence, threats, intimidation or judicial harassment committed against land and environmental rights defenders.

Indigenous Peoples’ and land rights

The company does not disclose a commitment to respecting Indigenous Peoples’ rights or land rights of local communities. No evidence was found that the company requires its business relationships to have a process to identify legitimate tenure rightsholders, paying particular attention to vulnerable or marginalised tenure rightsholders, and to negotiate with them to provide adequate compensation.

More about the
company

Headquarters

Minnesota, United States of America

Group revenue

USD 35,355,000,000

Website

https://www.abccompany.com/

Number of employees

91600

Ownership structure

Publicly listed

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