Toronto-Dominion Bank and Royal Bank of Canada are among the world’s most sustainable companies according to the fifth annual Global 100 ranking.

The results were announced Wednesday at the World Economic Forum in Davos, Switzerland.

TD is a new addition to the Global 100 rankings, and this is the fifth consecutive year that RBC has been name to the rankngs.

“I’m proud that RBC and our employees continue to be recognized for our efforts to do business in a sustainable and responsible manner,” says Gordon Nixon, president and CEO, RBC.

Only five companies from Canada made the international list this year. The others were energy firms Encana Corp. and Transcanada Corp., along with telecommunications company Telus Corp.

“It’s very rewarding to have our social and environmental efforts recognized on a global scale,” says Karen Clarke-Whistler, chief environment officer, TD Bank Financial Group. “For nearly 20 years, our non-profit foundation has being making a significant impact on the environment by donating $47 million to fund 17,500 grassroots environment and wildlife projects across Canada.”

The Global 100, initiated by Corporate Knights Inc. and Innovest Strategic Value Advisors, is a list of publicly-traded companies from around the world encompassing all sectors of the economy that were evaluated according to how effectively they manage environmental, social and governance risks and opportunities, relative to their industry peers.

Other financial services firms on the list include Germany’s Deutsche Bank AG and State Street Group of the United States.

IE