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Ecolab named on Forbes’ list of world’s most innovative companies

Hydrocarbon Engineering,

Ecolab (ECL) has been named to Forbes magazine’s 2013 list of ‘The World’s Most Innovative Companies’, ranking 33rd out of 100 companies on a list that will appear in the 2nd September issue.

The magazine has named Ecolab to every ‘World’s Most Innovative Companies’ list since the annual ranking began in 2011.

‘Innovation is the cornerstone of our success, and vital to achieving our purpose of making the world cleaner, safer and healthier’, said Douglas M. Baker, Jr., Ecolab Chairman and CEO. ‘We’re committed to finding new and better solutions for the challenges our customers face around the world’.

‘Our innovation process involves an holistic view of the environmental, economic and social impact of a product across its life cycle’, said Dr Larry Berger, Ecolab chief technical officer and executive vice president of Research, Development and Engineering. ‘This approach is foundational to our ability to help customers realise dramatic performance improvements and sustainability goals.’

According to Forbes, the ‘innovation premium’ used to rank companies is calculated by projecting a company’s cash flows from existing businesses, anticipated growth from those businesses and the net present value (NPV) of cash flows.

The NPV of cash flows from existing businesses is then compared with the current capitalisation. Companies with a current capitalisation above the NPV of cash flows have an innovation premium built into their stock.

To be considered for the list, companies need seven years of public financial data and US$ 10 billion in market capitalisation.

Adapted from a press release by Emma McAleavey.

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