Newsweek’s Top Green Companies In the World Listing for 2016 has some interesting surprises.
Newsweek, in conjunction with Clean Capitalist and Human Impact and Profit Investor ranks the top companies in the world by assigning them a corporate sustainability and environmental impact score. Toyota is the top-ranked automaker globally on the list of the top 500 companies. Tesla ranks last among automakers on the list.
Toyota’s 107 score is impressive for many reasons, but should really be no surprise. Toyota is the world’s largest supplier of green vehicles. Its hybrids outsell the combined efforts of all other automakers. The Prius alone outsells the entire electric vehicle market by a factor of more than two to one.
Toyota also takes great care to ensure its factories are modern, use renewable energy to build cars and power its operations, and strives to achieve a zero landfill manufacturing process. When Toyota sees an outdated plant that is hard to make green, it closes it, or sells it on. Just as it did its Fremont, California plant, which it traded to Tesla for stock that Toyota later made hundreds of millions in profit on.
Tesla Motor’s low score of 411 is a surprise. The all-electric automaker scores below ExxonMobil and Chevron on Newsweek’s list. This is the second consecutive year of these results with regard to automakers’ rankings, so progress for laggards is slow.
Newsweek’s score is comprised of eight main parameters including:
– Combined Energy Productivity Score
– Combined Greenhouse Gas (GHG) Productivity Score
– Combined Water Productivity Score
– Combined Waste Productivity Score
– Green Revenue Score
-Sustainability Pay Link
-Sustainability Board Committee Mandate
-Third-party Environmental Audit Metrics
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