In the Latest Issue of Newsweek
Newsweek’s latest issue features its inaugural rankings of America’s 500 largest ‘Green’ corporations and Applied Materials ranked ninth overall and fifth in the technology sector. Applied’s overall ranking was driven up by its high marks in its Green Policies Score (89.51 out of 100).
In addition to Applied Materials, the top ten included premier companies like Hewlett-Packard, Dell, Johnson and Johnson, Intel, IBM, State Street, Nike, Bristol- Myers Squibb, and Starbucks. The presence of five tech companies speaks volumes about the proactive role high-tech is playing in addressing energy and environmental challenges.
The rankings are based on three components measured by Newsweek and its partners Trucost, KLD and Corporate Register.com: an Environmental Impact Score, based upon actual environmental performance data, e.g. emissions of carbon and pollutants, normalized to company revenues; a Green Policies Score which reflects an analytical assessment of policies, programs and initiatives; and a Reputation Score based on a survey of academics, CSR (corporate social responsibility) professionals and other experts who subscribe to Corporate Register’s reporting service.
Certainly a large undertaking on the part of Newsweek and its partners, their stated goal for the rankings is to encourage greater environmental transparency among corporations. Read more about Newsweek’s ranking criteria and view the complete list.