For the second year in a row, sports-apparel company Nike (NYSE: NKE) topped the Climate Counts rankings of well-known consumer companies and their practices to reduce climate change.
NIKE was on SustainableBusiness.com’s SB20 List – the World’s Top Sustainable Stocks – in 2007.
The 2009 Climate Counts Company Scorecard attempts to provide an objective, balanced way to gauge which companies are seriously committed to reversing climate change–and which ones are not.
"Facing the worst economic recession since the Great Depression, many companies have responded to the urgency of climate change by slashing energy costs, investing in the future, and working to change consumer perceptions of business," the report states.
The report grades 90 companies in twelve sectors, giving scores from 0 to 100. Higher scores indicate a greater commitment to reversing climate change.
2009 Key Findings:
- 81% of companies improved their score by an average of 22% from 2008 to 2009.
- 45 companies were ranked as “striding” (making progress toward change) vs. 23 last year.
- 14 companies are still ranked as “stuck” vs. 10 last year.
- Nike, the company with the highest overall score of 83 points, improved by 1 point and held onto the top spot.
- eBay’s (Nasdaq: EBAY) point increase made it the most improved company from 2008 to 2009, with an increase of 48 points.
- Apple (Nasdaq: AAPL), Levi Strauss, US Airways (NYSE: LCC), and Darden Restaurants (NYSE: DRI) all boosted their scores by 30 or more points.
- The sector with the highest average score is the electronics sector (average among 12 companies of 65 points), led by IBM (NYSE: IBM) with 76 points.
- The hotels and the food services sectors tied for the lowest overall sector averages of 25 points.
Read the full report and view the entire rankings at the link below.
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