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Tech tops list in Newsweek's Green Rankings
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Just recently, Newsweek released its inaugural Green Rankings, a list of the greenest Fortune 500 companies. For the past year, the magazine's team collaborated with research firms CorporateRegister.com, KLD Research & Analytics and Trucost to recognize the leading U.S. companies based on their greening efforts.
More and more companies are adopting green initiatives and business practices to help do their part for the environment, but they're also seeing the benefits on their bottom line. And with the Obama administration pushing for a cap-and-trade system that would turn carbon emissions into a bottom-line cost, these companies are already poised for a green future.
Because ranking a company according to its sustainability can be somewhat ambiguous, Newsweek worked hard with it's research partners to come up with a methodology that analyzed all aspects of a business: its day-to-day operations, resulting products, supply and distribution chains, and entire workforce. In the most general sense, the methodology looked at three aspects of each company - environmental reputation, policies and performance - to calculate its "Green Score." CorporateRegister.com, an online directory of social responsibility, sustainability and environmental reporting, calculated the "Reputation Score" based on an opinion survey of corporate social responsibility experts. KLD, which tracks environmental, social and governance data on companies worldwide, calculated the "Green Policies Score" based on an analytical assessment of a company's environmental policies and performance. Trucost, which specializes in quantitative environmental performance measurements, calculated the "Environmental Impact Score" based on comprehensive measurements of the total cost of all environmental impacts of a company's global operations.
Putting the details aside, Newsweek's Green Rankings produced some very interesting results - especially for the technology realm. The No. 1 greenest company - drum roll please - is actually Hewlett-Packard. Coming in second is Dell, fourth is Intel and fifth is IBM. Following close behind in the top 20 are tech companies Applied Materials, Cisco Systems, Sun Microsystems, Sprint Nextel, Adobe Systems and Advanced Micro Devices.
Check out the top 25 below. For the complete list and more about each company and its three Scores, go here. And stay tuned in the next month for tips on greening your company's IT.
1. Hewlett-Packard
2. Dell
3. Johnson & Johnson
4. Intel
5. IBM
6. State Street
7. Nike
8. Bristol-Myers Squibb
9. Applied Materials
10. Starbucks
11. Johnson Controls
12. Cisco Systems
13. Wells Fargo
14. Sun Microsystems
15. Sprint Nextel
16. Adobe Systems
17. Advanced Micro Devices
18. Kohl's
19. Allergan
20. Staples
21. Motorola
22. McDonald's
23. Texas Instruments
24. Citigroup
25. Avon Products
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