The report shows 16 'greenest companies'

15. September 2011 stand 06: 06 GMT one of the 16 highlighted Kenya's equity Bank, a report is running a mobile banking service has 16 companies from developing countries, that best identifies how profits are displayed at the same time actively dealing with ecological and social challenges grow as.

The study by the World Economic Forum (WEF) companies in countries such as Costa Rica, Egypt and China detected.

WEF said that it showed that global "green" companies were not the only ones with sustainability credentials.

The report considered 1,000 companies in developing countries.

'Positively influence'

Co-author of the consulting firm Boston Consulting Group (BCG), the study said the results were doubly interesting "given the challenges of emerging market companies, often several problems".

It said these local difficulties between low quality infrastructure and weak regulatory environmental regimes, acute talent shortage and underdeveloped governance practices.

One of the companies, which the new sustainability champions report highlights Filipino was Manila water company.

The report says that the company community has been used partnerships, watershed management, and flexible payment options, to increase access to clean water.

Another company to 16 preisstabilsten was Kenya equity Bank, which said the study had developed mobile banking in the rural areas of the country.

"Performance and efficiency, the new sustainability champions show while superior industry innovation, to overcome the real limitations that they have," said Knut Haanaes, BCG partners.

"they engage proactively with all stakeholder groups and to affect positively their environments."

"This has the effect, they generate reliable profitable growth and are role models for their regions and sectors."

The report continues, is that to make the World Economic Forum in Dalian, China.

Source: World Economic Forum/BCG

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'Target young companies' MPs told

AppId is over the quota
AppId is over the quota
15 September 2011 Last updated at 12:08 GMT Admiral's chief said Wales should target businesses which could move 'lock, stock and barrel' Wales should attract young businesses instead of chasing big international companies, one of the most successful businesses in the country has said.

Car insurers Admiral told MPs that start-up enterprises were more valuable.

The company's chief operating officer was speaking to a parliamentary inquiry on inward investment.

MPs were also told that the Welsh Government intended to set up enterprise zones.

Admiral chief operating officer and executive director David Stevens told the Commons' Welsh Affairs Committee that Wales should target businesses that could move "lock stock and barrel".

He said companies with their headquarters and senior management teams in Wales were more valuable than "off-shoots of big companies based elsewhere".

"Businesses with only 'muscle' in Wales are more likely to withdraw in hard times or if cheaper location options emerge," he said.

Aiming "glossy" adverts at attracting "sexy sectors" of industry was not the best strategy for boosting investment, he said.

He pointed out that Admiral set up home Cardiff in the early 90s around the same time as one of Wales' biggest inward investment projects to bring electronics giant LG to Newport.

LG has since left the site, while Admiral, which received a start-up grant of ￡1 million, has grown from 50 staff to employ just over 4,000 people in Cardiff, Swansea and Newport.

"In my view the right strategy is finding 25 Admirals," Mr Stevens said.

Start-up companies that establish their headquarters in Wales "tend to be cheap to move and when they come they bring the whole kit and caboodle".

But he said the company encounters some barriers when trying to recruit highly-skilled staff. There was a perception that Wales was "further away than it really is" and was "grimmer than it really is".

He highlighted the importance of good infrastructure, including railways, saying he supported the electrification of the Great Western rail line to Swansea. The UK government is currently only planning to electrify the line as far as Cardiff.

MPs took evidence at the assembly in Cardiff Bay, despite the absence of the Welsh Government minister for economic policy.

Businesses Minister Edwina Hart refused to accept an invitation to give evidence, saying the economy was "my responsibility".

'Enterprise'

MPs heard from backbench Labour AM Mark Drakeford, who said the Welsh Government would "deploy" enterprise zones - where businesses are offered financial and regulatory incentives - to help the economy.

First Minister Carwyn Jones has previously pledged ￡10m to create themed Welsh zones while officials looked at options.

Prof Drakeford said the Welsh Government was taking its time "so they (zones) do the job we want them to do".

He said there was anxiety in case zones merely "suck activity from one area to another".

Conservative shadow business minister Nick Ramsay said: "It's good to hear this movement from the Welsh government's perspective.

"While I don't think enterprise zones are a panacea that will solve everything - if you are going to have zones just across the border, we need something similar here, even if it's not the English model."

Liberal Democrat business spokeswoman Eluned Parrott said she was "disappointed" that Mrs Hart did not attend the meeting.

She welcomed the creation of enterprise zones in Wales, saying there was a danger of zones near the border in England "leeching" investment.

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