MTR Corporation has been included for the first time in Fortune Magazine’s “Change the World” list for 2017 – a prestigious annual list of organisations committed to solving the world’s problems through smart business practices.
MTR, the only rail operator included on the list, was ranked 33rd and praised for its high-quality services, low greenhouse gas emissions and sustainable approach to developing real estate in and around stations.
Fortune also singled MTR Corporation out for its punctuality on Hong Kong’s metro system, where 99.9% of services run on time. MTR’s efforts to ensure that its future development projects have a very low climate impact also contributed to its listing.
The “Change the World” list is published annually and is based on three criteria:
Measurable social impact: We consider the reach, nature, and durability of the company’s impact on one or more specific societal problems. This category receives extra weight.
Business results: We consider the benefit the socially impactful work brings to the company. Profitability and contribution to shareholder value outweigh benefits to the company’s reputation.
Degree of innovation: We consider how innovative the company’s effort is relative to that of others in its industry and whether other companies have followed its example.
Jeremy Long, CEO European Business, MTR Corporation, said:
“MTR strives for excellence not just in our rail operations, but in our citizenship and our overall approach to business. Our inclusion on this list recognises that our commitment to the communities we serve includes a responsible and ethical approach to the environment and society, as well as the delivery of world class rail services.”
Notes to Editors
MTR Corporation (MTR) is headquartered in Hong Kong and is acknowledged as one of the world’s leading operators of metro, commuter and airport rail systems and has a successful international consulting business. It is also an acknowledged world leader in rail + property development, and manages shopping malls, retail units, apartments and other major buildings along some of its lines.
In the UK, MTR is the operator of the Crossrail concession (which will be renamed the Elizabeth Line when fully open), and is currently running TfL Rail services between Liverpool Street and Shenfield. MTR will begin running services between: Heathrow and Paddington in May 2018; Paddington and Abbey Wood in December 2018; Paddington and Shenfield in May 2019; and full through services (including to Reading in December 2019).
MTR has operated South Western Railway, one of the largest UK franchises, as a joint venture with First Group since August 2017. As part of this, First MTR South Western Trains Limited will deliver new trains, redeveloped stations, and a range of other enhancements which will improve both rail services and customer experience.
MTR was a joint venture partner in London Overground Rail Operations Ltd (LOROL), which held the concession from November 2007 until November 2016.
Elsewhere in Europe, MTR runs the Stockholm Metro, the StockholmPendeltåg commuter railway and provides open access MTR Express services between Stockholm and Gothenburg.
Around the world, MTR: runs metro, commuter rail, light rail and infrastructure, develops and manages significant rail-related property and is delivering new rail lines and major upgrade projects in Hong Kong; operates lines in Beijing, Shenzhen and Hangzhou in Mainland China; is lead shareholder in a joint venture operating the Melbourne train system and leads a Public-Private-Partnership (PPP) consortium which will deliver and operate the Sydney Metro Northwest in Australia.
Listed on the Hong Kong stock exchange, MTR has a market capitalisation of approximately £26.6 billion, and is included on the FTSE4Good and Dow Jones Sustainability Indexes. It won over 50 awards in 2016 for quality, customer service and sustainability.