HSBC Holds Back UK in ESG Ranking

Global ESG rankings reveal China and Russia to be laggards, while the UK and Switzerland score highly. Facebook and Google drag down the US to middle of the table

Dan Lefkovitz 3 October, 2018 | 7:21AM

The Morningstar Sustainability Atlas has revealed European markets set the global standard when it comes to corporate-level sustainability. Portugal scores highest on environmental criteria, Denmark on social, and the Netherlands on governance.

Elsewhere in the world, Colombia is the world's highest scoring non-European market for sustainability, led by companies like Bancolombia and Grupo Sura. Taiwan is the top Asian market for sustainability thanks to Taiwan Semiconductor, a global ESG leader.

Switzerland and the United Kingdom score well on ESG criteria, but controversies involving key index constituents like UBS and HSBC (HSBA) lower their overall sustainability scores. The United States is a middling performer on sustainability. Controversy is one factor; another is poor Governance Scores for companies like Facebook (FB), Alphabet (GOOGL), and Amazon (AMZN).

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Alphabet Inc A1,092.70 USD-2.18
Amazon.com Inc1,906.59 USD-0.64
Facebook Inc A154.18 USD-2.53
HSBC Holdings PLC397.20 GBX-0.14

About Author

Dan Lefkovitz

Dan Lefkovitz  is content strategist for Morningstar’s Indexes group

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