Companies included in the analysis
| Company | Country | Sector | Turnover bn USD (2021) | No. of Employees (2021) |
|---|---|---|---|---|
| Bayer AG | Germany | Pharmaceutical | 51.3 | 99,637 |
| Borregaard AG | Norway | Chemicals | 0.7 | 1,062 |
| Carlsberg Breweries A/S | Denmark | Brewer | 10.2 | 39,375 |
| Coca-Cola HBC AG | Switzerland | Beverages | 8.1 | 26,787 |
| Compagnie Financière Richemont SA | Switzerland | Luxury goods | 21.7 | 167,816 |
| Danone | France | Food | 27.5 | 98,105 |
| Firmenich SA | Switzerland | Consumer Durables | 4.3 | 160 |
| GEA Group AG | Germany | Food, chemicals, pharma | 5.4 | 18,143 |
| Givaudan SA | Switzerland | Consumer Durables | 7.4 | 16,842 |
| Heidelberg Materials | Germany | Building materials | 21.6 | 51,209 |
| Holcim Ltd | Switzerland | Building materials | 29.4 | 69,672 |
| Kering | France | Luxury goods | 17.6 | 42,000 |
| KONE Corporation | Finland | Electrical Equipment and Machinery | 11.9 | 62,720 |
| Koninklijke Philips NV | Netherlands | Consumer Durables | 21.3 | 78,189 |
| L’Oréal | France | Consumer Durables | 36.6 | 85,412 |
| LANXESS AG | Germany | Chemicals | 8.7 | 14,866 |
| Lundbeck A/S | Denmark | Pharmaceutical | 0.3 | 161 |
| Metsä Board Corporation | Finland | Paper and forestry | 2.4 | 2,389 |
| Michelin | France | Tires | 27.1 | 124,760 |
| Novo Nordisk A/S | Denmark | Pharmaceutical | 21.5 | 47,792 |
| Pirelli | Italy | Tires | 6.4 | 30,690 |
| Saint-Gobain | France | Building materials | 50 | 167,816 |
| Salvatore Ferragamo Group | Italy | Luxury goods | 1.3 | 3,561 |
| SANOFI | France | Pharmaceutical | 44.9 | 95,442 |
| Schneider Electric | France | Electrical Equipment and Machinery | 32.9 | 147,468 |
| Signify N.V. | Netherlands | Lights | 7.8 | 36,824 |
| Sofidel S.p.A | Italy | Tissue and sanitary paper | 2.4 | 6,737 |
| Symrise AG | Germany | Consumer Durables | 4.4 | 11,151 |
| The LEGO Group | Denmark | Toys | 6.2 | 4,409 |
| Thyssenkrupp AG | Germany | Building materials | 39.8 | 101,275 |
| Vallourec | France | Mining | 3.9 | 16,685 |
| Company | Country | Sector | Turnover bn USD (2021) | No. of Employees (2021) |
|---|---|---|---|---|
| Bayer AG | Germany | Pharmaceutical | 51.3 | 99,637 |
| Borregaard AG | Norway | Chemicals | 0.7 | 1,062 |
| Carlsberg Breweries A/S | Denmark | Brewer | 10.2 | 39,375 |
| Coca-Cola HBC AG | Switzerland | Beverages | 8.1 | 26,787 |
| Compagnie Financière Richemont SA | Switzerland | Luxury goods | 21.7 | 167,816 |
| Danone | France | Food | 27.5 | 98,105 |
| Firmenich SA | Switzerland | Consumer Durables | 4.3 | 160 |
| GEA Group AG | Germany | Food, chemicals, pharma | 5.4 | 18,143 |
| Givaudan SA | Switzerland | Consumer Durables | 7.4 | 16,842 |
| Heidelberg Materials | Germany | Building materials | 21.6 | 51,209 |
| Holcim Ltd | Switzerland | Building materials | 29.4 | 69,672 |
| Kering | France | Luxury goods | 17.6 | 42,000 |
| KONE Corporation | Finland | Electrical Equipment and Machinery | 11.9 | 62,720 |
| Koninklijke Philips NV | Netherlands | Consumer Durables | 21.3 | 78,189 |
| L’Oréal | France | Consumer Durables | 36.6 | 85,412 |
| LANXESS AG | Germany | Chemicals | 8.7 | 14,866 |
| Lundbeck A/S | Denmark | Pharmaceutical | 0.3 | 161 |
| Metsä Board Corporation | Finland | Paper and forestry | 2.4 | 2,389 |
| Michelin | France | Tires | 27.1 | 124,760 |
| Novo Nordisk A/S | Denmark | Pharmaceutical | 21.5 | 47,792 |
| Pirelli | Italy | Tires | 6.4 | 30,690 |
| Saint-Gobain | France | Building materials | 50 | 167,816 |
| Salvatore Ferragamo Group | Italy | Luxury goods | 1.3 | 3,561 |
| SANOFI | France | Pharmaceutical | 44.9 | 95,442 |
| Schneider Electric | France | Electrical Equipment and Machinery | 32.9 | 147,468 |
| Signify N.V. | Netherlands | Lights | 7.8 | 36,824 |
| Sofidel S.p.A | Italy | Tissue and sanitary paper | 2.4 | 6,737 |
| Symrise AG | Germany | Consumer Durables | 4.4 | 11,151 |
| The LEGO Group | Denmark | Toys | 6.2 | 4,409 |
| Thyssenkrupp AG | Germany | Building materials | 39.8 | 101,275 |
| Vallourec | France | Mining | 3.9 | 16,685 |
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