The results of Newsweek's recent Green Rankings survey proves that aside from the cost savings that going green offers, companies can also obtain competitive advantages by implementing sustainable business practices.
Released yesterday, the study features top American companies ranked by their impact on the environment. Trucost, an NSF International partner in sustainability and global provider of environmental data and analysis, provided Newsweek magazine with the quantitative environmental performance data to develop the rankings.
McKinsey & Co projects that U.S. investments of $520 billion in building efficiency through 2020 would yield $1.2 trillion in energy savings and reduce greenhouse gas emissions by 1.1 gigatons annually -- the mount emitted by the entire current fleet of U.S. vehicles.
Companies that implemented green business practices were ranked higher than their peers. Newsweek ranked the top 500 American companies based on their resource use and emissions, policies and strategies, and reputation among peers. The 500 companies included in the ranking were chosen according to their revenue, market capitalization and number of employees.
NSF International, a public health and safety organization, has partnered with Trucost to examine the greenhouse gas emissions and carbon footprints of S&P 500 companies in several sectors that NSF International works with, such as aerospace, chemicals, food and beverage, green products, healthcare, industrial goods and services, personal and household goods, automobiles and parts and retail.
NSF International and Trucost’s sustainable business solutions include carbon footprinting, greenhouse gas verification, as well as standards development and certification for sustainable products.