Xylem Named one of America’s Most JUST Companies for 2020
Xylem is one of the top 50 of companies in the JUST 100 list, which celebrates US corporations that outperform their peers in balancing the needs of all stakeholders. Xylem is also the leader in the Commercial Vehicles & Machinery category. JUST 100 leaders demonstrate that profits and purpose can go hand in hand. The list evaluates corporations on issues like fair pay, ethical leadership, good benefits and work-life balance, equal opportunity, customer treatment and privacy, community support, environmental impact, and delivering shareholder return.
“The JUST 100 companies demonstrate what good looks like in delivering value to all stakeholders – employees, customers, communities, as well as shareholders,” said Forbes Chief Content Officer Randall Lane. “These companies are leading the way in building long-term value."
The JUST Capital Rankings evaluate the 1,000 largest publicly traded US companies on a range of factors. Compared to these companies, those in the JUST 100 on average pay their median workers 31 percent more and employ 2.1 times as many workers in the US. They are four times more likely to have conducted gender pay equity analyses and 2.5 times more likely to publish workforce demographics. They give 8.4 times more to charity and have a 6 percent higher return-on-equity.
“America’s Most JUST Companies are measurably outperforming their peers on the key issues Americans care about most: taking care of employees by paying a fair and living wage, providing good benefits, as well as equal opportunity and career development,” said Martin Whittaker, CEO of JUST Capital. “Creating value for shareholders and stakeholders is not a zero-sum game, with JUST companies earning 6 percent higher return-on-equity than their peers.”
Both the JUST 100 and Industry Leaders lists, which break down companies’ relative rank within their respective industry verticals, will be featured in the November issue of Forbes.
Source: Xylem Inc.