Top 10 Most Environmentally and Socially Controversial Companies of 2010

Published on January 10th, 2011 | by

NEW ORLEANS: Assist vessels fire water cannons at the Deepwater Horizon in an attempt to control and extinguish a fire April 21, 2010, which has engulfed the mobile offshore drilling unit after an explosion April 20.

RepRisk (a Swiss-based environmental and social data provider which compiles negative news on companies’ environmental and social performance) released its third annual ranking of the most controversial multinational corporations, SocialFunds.com reported today.  See who were the top 10  most environmentally and socially controversial companies of 2010.

According to RepRisk, companies on the list have been severely criticized by the world’s media, governmental organizations and NGOs for issues including human rights abuses, severe environmental violations, impacts on local communities, corruption and bribery, as well as breaches of labor, and health and safety standards. Rankings are based on the Reputational Risk Index (RRI), as measured by RepRisk throughout 2010.

  1. Transocean Ltd  [Switzerland]
  2. BP PLC  [UK and N. Ireland]
  3. Vedanta Resources PLC  [UK and N. Ireland]
  4. ExxonMobil Corp [US]
  5. Foxconn Electronics Inc  [Taiwan]
  6. Chevron Corp  [US]
  7. BG Group PLC  [UK and N. Ireland]
  8. Royal Dutch Shell  [UK and N. Ireland]
  9. Sinar Mas Group  [Indonesia]
  10. Magyar Aluminium (MAL)  [Hungary]

As SocialFunds.com states, it probably comes as little surprise that the two companies most responsible for the Deepwater Horizon explosion in the Gulf of Mexico , Transocean and BP, top the list.  You can read profiles on the other top offenders in RepRisk’s report.

Image Credit:  uscglantareapa via Flickr under CC license


About the Author

Emily McKinin DeMasi is a 2011 MBA/ MA Public Policy candidate and Peace Corps Fellow at Duquesne University in Pittsburgh, PA. Her thesis work concerns Corporate Social Responsibility in the United States. She also works as a Research Fellow at Bridgeway Capital, a Community Development Financial Institution (CDFI) in downtown Pittsburgh. Emily has worked as an Associate in a Private Equity Placement Firm in NY and as a Water and Sanitation Volunteer in Ivory Coast, West Africa. She hopes to combine her business background with her passion for development and inspire others in the fields of Sustainability and CSR.