Bellwether Services is a Global Strategic Management Advisory Firm w/ Supply Chain, Environmental Policy, Green Purchasing, Lean Six Sigma Expertise and Corporate Social Responsibility Expertise.
Monday, January 25, 2010
Inside Newsweek's New Green Corporate Rankings
Read more about Newsweek's Green Corporate Ranking..
Today, Newsweek magazine unveils its first annual Green Rankings, the fruits of a near-Herculean endeavor: rating and ranking the environmental performance, achievements, and reputation of the S&P 500. The list, published today in a 12-page special section in the magazine as well as online, is the culmination of an 18-month journey.
The resulting rankings are straightforward, almost elegant, but it wasn't a straight or easy path. Like most such rankings, they're imperfect. They'll likely be challenged and debated, especially by some of the lower-ranking companies, not to mention the activist/blogosphere community. But it may well be the best effort yet to rigorously and comprehensively assess the mainstream corporate marketplace — at least in the U.S.
Read more..
http://www.reuters.com/article/gwmEnergy/idUS97646616220090921
First, the basics. The Newsweek rankings assess the S&P 500 -- the 500 largest publicly held companies that trade on either the New York Stock Exchange or NASDAQ, the two largest American stock markets -- on three metrics:
• an "environmental impact score," based on more than 700 metrics, compiled by Trucost, a leading provider of data and analysis on company emissions and natural resource use;
• a "green policies score," an analysis of corporate policies and initiatives by KLD Research & Analytics, one of the pioneers in socially responsible investing research; and
• a "reputation survey score" resulting from a survey of CEOs, corporate environmental officers, and academics conducted by CorporateRegister.com, an online directory of company-issued CSR, sustainability, and environment reports from around the world.
Each company's score, and thus its ranking, was based on a weighted average of those three components: 45 percent for the impact score, 45 percent for the policies score, and 10 percent for the reputation score.
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