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Severn Trent ranked third in responsible businesses list

Severn Trent has been rated as the third best company for its environmental, social and ethical performance.

The Tortoise responsible business index ranks FTSE 100 companies through the lens of People and Planet impacts.

The index is grouped under seven pillars (Poverty, Education, Equality, Good Business, Climate, Partnership and Justice) and then decides how good the companies are at doing what they say they’ll do – leading to ‘Talk’ and ‘Walk’ scores.

Severn Trent has risen steadily up the index, going from ninth to third in the latest ranking, thanks to its various commitments to the environment (including its Triple Carbon Pledge and Great Big Nature Boost), to society (such as its new Community Fund and its commitment to helping social mobility), and to ethical performance (including being named the top FTSE 100 company for female representation at the highest levels).

Liv Garfield, Severn Trent chief executive, said: “While we’re absolutely delighted with this performance, what our ranking shows is our commitment to doing the right thing for all of our stakeholders, no matter how big or how small.

“We touch the lives of millions of people every day with our services, which also means we’re also an integral part of the communities in which we live and work, and we take that role, and our responsibilities, incredibly seriously.

“That’s why we want to go above and beyond, whether by setting up an emergency fund to support local charities during the current pandemic, signing up to the social mobility pledge to help our people be the best they can be, or by committing to going zero carbon by 2030.”

The ranking uses measures that deliver on the UN Sustainable Development Goals, with each company’s score calculated from publicly-available data across more than 200 sources.

The Index was launched by Tortoise Media, which was created by James Harding, former Times Editor and former Head of BBC News.

In recent weeks Severn Trent was also named as the top FTSE 100 company for female representation at the highest levels of management.

Topic: Sustainability & social value

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