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ABB among TIME's World's Most Sustainable Companies

ABB among TIME's World's Most Sustainable Companies

Malay Mail7 hours ago

ZURICH, SWITZERLAND - EQS Newswire - 25 June 2025 -
ABB ranked 14th in the "World's Most Sustainable Companies 2025" list by TIME Magazine and Statista
ABB named third most sustainable company across all industries in Switzerland
Companies assessed on sustainable business practice, commitments & ratings, reporting standards & transparency, environmental & social stewardship
ABB has been ranked 14th in TIME's "World's Most Sustainable Companies 2025" and third in Switzerland across all industries. TIME and Statista assessed over 5,000 of the world's largest and most influential companies, considering factors such as revenue, market capitalization, and public prominence. The top 500 companies from 35 countries and 21 industries were identified using a transparent methodology involving a rigorous 4-step process and the evaluation of more than 20 key performance indicators. Companies were assessed on sustainable business practices, commitments & ratings, reporting standards & transparency, environmental & social stewardship. An overall sustainability score was calculated, with a maximum achievable score of 100. ABB achieved a score of 81.92."Being among the top 15 in the World's Most Sustainable Companies 2025 is testament to ABB's strategic approach of embedding sustainability into the business with a focus on transparency and accountability," said Anke Hampel, ABB's Group Head of Sustainability. "Our Sustainability Agenda aims to enable a low-carbon society, preserve resources and promote social progress for a net-zero future. As a global technology leader in electrification and automation, we help our customers optimize energy use, reduce emissions, and accelerate the transition to more resilient, resource-efficient operations."ABB has set ambitious net zero targets validated by the Science Based Targets initiative (SBTi). The company aims to reduce Scope 1 and 2 emissions by 80% by 2030 and 100% by 2050, compared to a 2019 baseline. In 2024, ABB achieved a 78% reduction of Scope 1 and 2 GHG emissions since 2019 and decreased Scope 3 emissions by 8% compared to 2022.ABB has also been recognized for leadership in corporate transparency and performance on climate change by the global environmental non-profit organization Carbon Disclosure Project (CDP) securing a place on its annual 'A List' in April 2025. In May 2025, ABB received a rating of AAA (on a scale of AAA-CCC) in the MSCI ESG Ratings assessment.Discover more about ABB's sustainability approach and progress: https://global.abb/group/en/investors/annual-reporting-suite is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they out-perform. At ABB, we call this 'Engineered to Outrun'. The company has over 140 years of history and around 110,000 employees worldwide. ABB's shares are listed on the SIX Swiss Exchange (ABBN) and Nasdaq Stockholm (ABB). www.abb.com

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ABB among TIME's World's Most Sustainable Companies
ABB among TIME's World's Most Sustainable Companies

The Sun

timean hour ago

  • The Sun

ABB among TIME's World's Most Sustainable Companies

ZURICH, SWITZERLAND - EQS Newswire - 25 June 2025 - --> ABB ranked 14th in the 'World's Most Sustainable Companies 2025' list by TIME Magazine and Statista --> ABB named third most sustainable company across all industries in Switzerland --> Companies assessed on sustainable business practice, commitments & ratings, reporting standards & transparency, environmental & social stewardship ABB has been ranked 14th in TIME's 'World's Most Sustainable Companies 2025' and third in Switzerland across all industries. TIME and Statista assessed over 5,000 of the world's largest and most influential companies, considering factors such as revenue, market capitalization, and public prominence. The top 500 companies from 35 countries and 21 industries were identified using a transparent methodology involving a rigorous 4-step process and the evaluation of more than 20 key performance indicators. Companies were assessed on sustainable business practices, commitments & ratings, reporting standards & transparency, environmental & social stewardship. An overall sustainability score was calculated, with a maximum achievable score of 100. ABB achieved a score of 81.92. 'Being among the top 15 in the World's Most Sustainable Companies 2025 is testament to ABB's strategic approach of embedding sustainability into the business with a focus on transparency and accountability,' said Anke Hampel, ABB's Group Head of Sustainability. 'Our Sustainability Agenda aims to enable a low-carbon society, preserve resources and promote social progress for a net-zero future. As a global technology leader in electrification and automation, we help our customers optimize energy use, reduce emissions, and accelerate the transition to more resilient, resource-efficient operations.' ABB has set ambitious net zero targets validated by the Science Based Targets initiative (SBTi). The company aims to reduce Scope 1 and 2 emissions by 80% by 2030 and 100% by 2050, compared to a 2019 baseline. In 2024, ABB achieved a 78% reduction of Scope 1 and 2 GHG emissions since 2019 and decreased Scope 3 emissions by 8% compared to 2022. ABB has also been recognized for leadership in corporate transparency and performance on climate change by the global environmental non-profit organization Carbon Disclosure Project (CDP) securing a place on its annual 'A List' in April 2025. In May 2025, ABB received a rating of AAA (on a scale of AAA-CCC) in the MSCI ESG Ratings assessment. Discover more about ABB's sustainability approach and progress: ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they out-perform. At ABB, we call this 'Engineered to Outrun'. The company has over 140 years of history and around 110,000 employees worldwide. ABB's shares are listed on the SIX Swiss Exchange (ABBN) and Nasdaq Stockholm (ABB).

Geopolitical tensions, abrupt airspace closures keep Malaysian and global airlines on high alert
Geopolitical tensions, abrupt airspace closures keep Malaysian and global airlines on high alert

The Star

time5 hours ago

  • The Star

Geopolitical tensions, abrupt airspace closures keep Malaysian and global airlines on high alert

KUALA LUMPUR: Malaysia's aviation sector is on high alert, prioritising safety to avoid a repeat of the downing of Malaysia Airlines flight MH17 more than a decade ago. The heightened caution follows a wave of airspace closures by Arab states after Iran launched a missile strike on a United States (US) base in Qatar. Qatar, one of the region's busiest aviation hubs, temporarily closed its airspace on Monday evening in response to the attack, as geopolitical tensions intensified amid the military conflict involving Iran, the US and Israel. Universiti Kuala Lumpur Malaysian Institute of Aviation Technology economist (aviation and aerospace), Associate Professor Mohd Harridon Mohamed Suffian, said the attacks and ongoing tension in the region posed a significant risk to national carriers and other local aviation operators. Endau Analytics founder and aviation analyst Shukor Yusof also warned that Southeast Asian airlines are highly vulnerable, as they rely on Middle Eastern airspace for Europe-bound flights. Mohd Harridon said Southeast Asian carriers may be forced to reroute westward flights. Understandably, the development has raised concerns among regional carriers, including Malaysia Airlines and AirAsia X , as the conflict could significantly affect flight operations and safety. AirAsia X focuses on destinations within Asia and Australia, but its seasonal flights from Kuala Lumpur to Jeddah and Medina typically pass through the Southern Gulf region Dubbed the gateway to the world, Qatar Airport reportedly serves over 360,000 flights and 30 million passengers every year. "The risk could extend into other realms, such as economic downturn, a decline in financial stature, and a slowdown in trade and commerce," Mohd Harridon told Bernama in response to the Middle East conflict, especially following Iran's missile strike on a US base in Qatar. Other Arab states have followed suit in closing their airspace. Bahrain confirmed a suspension of air navigation due to escalating regional volatility, while the United Arab Emirates (UAE), Iraq and Oman have implemented similar measures. Local Airlines Prioritise Passengers' Safety Malaysia Airlines has reaffirmed its commitment to safety, stating that all flights are subject to ongoing risk assessments in light of regional tensions affecting parts of Middle Eastern airspace. "We remain guided by the International Civil Aviation Organisation (ICAO) and other global aviation authorities to ensure the safety of airspace used in operations. "All flight routes are evaluated using real-time intelligence, global security reports, notices to airmen (NOTAMs), and continuous surveillance via the airline's SATCOM-enabled flight monitoring system,' Malaysia Airlines said. The national carrier added that it remains vigilant and will implement necessary operational changes-including rerouting or suspensions-if required, as the safety of passengers and crew remains its utmost priority. Similarly, AirAsia X confirmed it is closely monitoring developments and will adhere to all necessary safety procedures. Transport Minister Anthony Loke confirmed that several Malaysian flights to the Middle East have been cancelled following the missile strike on the US military base in Qatar yesterday. Operational Costs Expected to Rise from Rerouting Mohd Harridon said the affected region is a key corridor for flight traffic. "Any diversions would entail an increase in operational costs due to higher fuel consumption during flights.' He said the additional distance covered during flights would also be a point of contention, as this would increase flight duration and require rescheduling of timetables. "There is a possibility that the conflicted area, especially coastal regions, could become constricted in terms of movements and overflight access. This would create a domino effect, with notable ripple impacts. "The restriction of trade, particularly fuel, would increase financial pressure on the logistical supply chain and affect other areas around the Middle East that are prone to closure due to the expansion of offensive attacks. This would further erode the economic vibrancy of the aviation industry,' he said. Geopolitical Volatility Reshaping Air Travel Endau Analytics's Shukor warned that the current conflict signals a deepening of a longstanding risk corridor. "The real risks from geopolitics to airlines began over 10 years ago when MH17 was blown up. What we are seeing today is a further extension of the breakdown in international relations,' he said. Malaysia Airlines flight MH17 - en route from Amsterdam to Kuala Lumpur on July 17, 2014 - was shot down while flying over eastern Ukraine. "We live in very uncertain times. Airlines will be cautious about reinstating flights until there is stability. In my opinion, there won't be calm for the next three-and-a-half years,' he said. He said prolonged instability would severely hurt the balance sheets of airlines and could reshape how people travel globally, with a shift away from intercontinental travel towards more regional options. Mohd Harridon said the financial structures of airlines should be economically aligned in order to diminish the repercussions of these headwinds. "Bear in mind, the frequency of westbound flights is significant, and thus the economies of scale are heavily depleted and would take a considerable amount of time to recover. "Mitigation plans should be in place by these airlines to optimise flight operations, and adherence to lean operations is both an economic and financial obligation,' he added. - Bernama

ABB among TIME's World's Most Sustainable Companies
ABB among TIME's World's Most Sustainable Companies

Malay Mail

time7 hours ago

  • Malay Mail

ABB among TIME's World's Most Sustainable Companies

ZURICH, SWITZERLAND - EQS Newswire - 25 June 2025 - ABB ranked 14th in the "World's Most Sustainable Companies 2025" list by TIME Magazine and Statista ABB named third most sustainable company across all industries in Switzerland Companies assessed on sustainable business practice, commitments & ratings, reporting standards & transparency, environmental & social stewardship ABB has been ranked 14th in TIME's "World's Most Sustainable Companies 2025" and third in Switzerland across all industries. TIME and Statista assessed over 5,000 of the world's largest and most influential companies, considering factors such as revenue, market capitalization, and public prominence. The top 500 companies from 35 countries and 21 industries were identified using a transparent methodology involving a rigorous 4-step process and the evaluation of more than 20 key performance indicators. Companies were assessed on sustainable business practices, commitments & ratings, reporting standards & transparency, environmental & social stewardship. An overall sustainability score was calculated, with a maximum achievable score of 100. ABB achieved a score of 81.92."Being among the top 15 in the World's Most Sustainable Companies 2025 is testament to ABB's strategic approach of embedding sustainability into the business with a focus on transparency and accountability," said Anke Hampel, ABB's Group Head of Sustainability. "Our Sustainability Agenda aims to enable a low-carbon society, preserve resources and promote social progress for a net-zero future. As a global technology leader in electrification and automation, we help our customers optimize energy use, reduce emissions, and accelerate the transition to more resilient, resource-efficient operations."ABB has set ambitious net zero targets validated by the Science Based Targets initiative (SBTi). The company aims to reduce Scope 1 and 2 emissions by 80% by 2030 and 100% by 2050, compared to a 2019 baseline. In 2024, ABB achieved a 78% reduction of Scope 1 and 2 GHG emissions since 2019 and decreased Scope 3 emissions by 8% compared to has also been recognized for leadership in corporate transparency and performance on climate change by the global environmental non-profit organization Carbon Disclosure Project (CDP) securing a place on its annual 'A List' in April 2025. In May 2025, ABB received a rating of AAA (on a scale of AAA-CCC) in the MSCI ESG Ratings more about ABB's sustainability approach and progress: is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they out-perform. At ABB, we call this 'Engineered to Outrun'. The company has over 140 years of history and around 110,000 employees worldwide. ABB's shares are listed on the SIX Swiss Exchange (ABBN) and Nasdaq Stockholm (ABB).

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