ABB Ltd
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ABB (ASEA Brown Boveri) is a Swedish-Swiss multi-national corporation headquartered in Switzerland. It operates mainly in the robotics, power, heavy electrical equipment and automation technology areas. ABB operates in 100+ countries. ABB Group was formed in 1988 (founded in 1883).
Corporate Political Engagement Rating:[1] Transparency International E
Climate Policy Rating:[2] InfluenceMap C+
ABB advocates for stronger EU energy efficiency targets and removal of fossil fuel subsidies. ABB mostly has only indirect memberships in trade associations, except for the European Round Table of Industrialists, of which its CEO is a member.[3]
Company
Total float: 86.4%
- 12.0% Investor AB, controlled by the Wallenberg Family
- 5.92% Cevian Capital AB
- 3.03% Artisan Partners LP
- 2.40% Vanguard Group Inc
- 1.82% Alecta Pension Insurance Mutual
- 1.78% Norges Bank Investment Management
- 1.60% ABB Ltd
- 1.43% UBS Asset Management Switzerland AG
- 1.30% Swedbank Robur Fonder AB
- 1.27% Lazard Asset Management LLC
Source: , Mar.2020; ABB: Major Shareholders
Structure
Operations
The company has one corporate division and four production divisions. ref
Articles
- ABB acquisition of GE Industrial Solutions, link
References
- ^ Corporate Political Engagement Index 2018. The new index of 104 multi-national companies, many of whom regularly meet with govt, has found nearly 75% are failing to adequately disclose how they engage with politicians. Only one company received the highest grade, with the average grade being "E" – representing poor standards in transparency. Transparency International UK, Nov.2018.
- ^ The A-List of Climate Policy Engagement. Which global companies lead in strategic lobbying for the ambitions of Paris? Rankings measure how a corporation or trade association behaves towards 2°C aligned climate and energy policy. Influence Map, Apr.2018.
- ^ ABB Group: InfluenceMap Report. InfluenceMap. Accessed Oct.10.2018.