- Environmental Rankings Assess Largest Publically-Traded Companies in U.S. and Abroad
NEW YORK, June 4, 2015 /PRNewswire/ -- Newsweek, a premier weekly news magazine owned by IBT Media, today announced the results of the 2015 Newsweek Green Rankings, created in partnership with Corporate Knights Capital and HIP Investor. The Newsweek Green Rankings are one of the world's foremost corporate environmental rankings which assess the 500 largest publicly-traded companies in the United States and the 500 largest publicly-traded companies globally on overall environmental performance.
"We know that large companies are starting to become more aware of their environmental footprints — for example, in developing this year's Green Rankings, we found that more and more firms are now linking executive pay to sustainability targets," said Elijah Wolfson, Senior Editor for Newsweek. "The hope is that continuing to grade companies annually on these metrics as part of Newsweek's Green Rankings project will help hold them accountable for their impact on the environment moving forward."
About Newsweek Newsweek is a premier news magazine and website, bringing high-quality journalism to readers around the globe for over 80 years. Newsweek provides the latest news, in-depth analysis and ideas about international issues, technology, business, culture and politics. In addition to its online and mobile presence, Newsweek publishes weekly English print editions in the United States, Europe/Middle East/Africa and Asia as well as editions in Japanese, Korean, Polish, Serbian, Spanish and Czech. Newsweek is owned by IBT Media. For more information, visit: newsweek.com or corp.ibt.com.
Newsweek Green Rankings Methodology: The U.S. 500 consists of the 500 largest publicly-traded companies headquartered in the U.S. by market capitalization as at 31 December 2014. The Global 500 consists of the 500 largest publicly-traded companies in the world by market capitalization as at 31 December 2014.
Data is obtained from primary sources including annual reports, audited financial statements, proxy statements and sustainability reports. Secondary data is obtained from HIP Investor, Bloomberg and the CDP. All companies are contacted for data verification once all available items of data have been obtained.
Environmental performance is measured using eight key performance indicators (KPI). The KPIs are described in Figure 1.A company's overall score is a weighted average of their eight KPI scores (the "weight" of each KPI is outlined in the last column of Figure 1). Combined Energy Productivity Score, Combined GHG Productivity Score, Combine Water Productivity Score, Combined Waste Productivity Score, Green Revenue Score, Sustainability Pay Link, Sustainability Board Committee, Audited Environmental Metrics
The 2015 Newsweek Green Rankings measures the environmental performance of large public companies using eight clearly defined key performance indicators. The methodology is clear and rules- based, and the process meets the test of being replicable by a third party.