Kingfield Galvanizing, located in the northern Melbourne suburb of Somerton, has been recognised as one of Australia and New Zealand’s most innovative companies. The prestigious annual Most Innovative Companies list, published by The Australian Financial Review and Boss Magazine, is based on a rigorous assessment process managed by Australia’s leading innovation consultancy, Inventium, in conjunction with a panel of industry expert judges.
The judges look at how valuable the problem that the innovation is solving is, the quality and uniqueness of the solution and the level of impact that the innovation has had. Inventium assesses internal elements such as innovation culture, strategy, resources and process, which demonstrate a sustainable and repeatable approach to innovation.
The AFR Boss Most Innovative Companies list (previously the BRW Most Innovative Companies list) is now in its eighth year and is the only national list of its kind. This year, for the first time, the 800 nominated companies were ranked directly against their peers across ten industry categories. Kingfield ranked seventh in the property, construction and transport category.
“This is the second year that our innovation program has been recognised by the AFR,” Kingfield Galvanizing General Manager Stephen Clarke says. “This year, it’s testament to our teamwork in developing an Environmental Management System across our business and achieving Australia’s first Environmental Product Declaration for hot dip galvanising. Our team is committed to sustainability through continuous plant and process innovation. This accolade recognises the value Kingfield’s innovation delivers to our customers in contributing points to Sustainability Rating Tools for leading commercial and infrastructure projects.”
Inventium uses a unique, scientifically proven approach to help organisations grow through innovation.
“We are thrilled to announce the first-ever industry-specific Most Innovative Companies list,” Inventium CEO Dr Amantha Imber says. “What separated the most innovative organisations was the involvement of the customer, the entire way through the innovation process. Leading innovators also had strong mechanisms in place to recognise the innovation efforts of their staff.”
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