Ceres ranks 100 global companies on climate change strategies - BP, DuPont receive top scores, while Newmont, ExxonMobil, Sempra Energy & Nissan lag

Get RSS feed of these results

All components of this story

Article
21 March 2006

BP and DuPont Receive Top Scores in First-Ever Ranking of 100 Global Companies on Climate Change Strategies

Author: Ceres

After years of inaction, a growing number of leading U.S. companies are confronting the business challenges from global warming, recognizing that greenhouse gas limits are inevitable and that they cannot risk falling behind their international competitors in developing climate-friendly technologies. Some U.S. companies, such as General Electric, are catching up and joining DuPont and Alcoa in leading their industries. But many others are still largely ignoring the climate issue with 'business as usual' strategies that may be putting their companies and shareholders at risk... Foreign companies such as BP, Toyota, Alcan, Unilever and Rio Tinto had the highest scores in five of the nine sectors that included both U.S. and non-U.S. firms. American companies - DuPont, General Electric, International Paper and United Parcel Service [UPS] - led in the other four sectors. [also refers to positive steps by General Electric, Ford, Chevron, American Electric Power; sectoral "laggards": ExxonMobil, PPG, Newmont, Sempra Energy, Nissan]

🚫Read the full post here

Article
1 March 2006

[PDF] full report: "Corporate Governance and Climate Change: Making the Connection"

Author: Douglas G. Cogan, Investor Responsibility Resource Center, for Ceres

This report is the first comprehensive measurement of how 100 leading global companies are preparing and positioning themselves to face these challenges [from climate change]. It pays particular attention to the job that corporate executives and board members are doing to enact well-functioning governance systems to face the climate challenge... The results are encouraging. In 2003, Ceres released a report on 20 companies showing that major U.S. businesses were largely ignoring these issues. By contrast, this report shows that corporate leaders in many key industries are now facing the challenge head-on... Yet...most American companies lag behind their international peers... [Chemical industry rankings: DuPont, Bayer, ICI, BASF, Dow Chemical, Air Products, Praxair, Rohm & Haas, Monsanto, PPG. Electric power rankings: AEP (American Electric Power), Cinergy, Entergy, Exelon, Calpine, PG&E, Xcel Energy, Edison Int’l, TXU, DTE, FirstEnergy, FPL Group, Southern, Duke, Progress, AES, Sempra, Dominion, Constellation. Industrial equipment rankings: GE (General Electric), ABB, UTC (United Technologies), Hitachi, Mitsubishi Heavy Industries, Siemens, Caterpillar, Deere. Metals & mining rankings: Alcan, Alcoa, Nippon Steel, BHP Billiton, Anglo American, Newmont, Nucor, United States Steel, Mittal Steel, Phelps Dodge. Forest products rankings: International Paper, Abitibi, Weyerhaeuser, MeadWestvaco, Georgia-Pacific. Oil & gas rankings: BP, Royal Dutch (Shell), Statoil, Total, Chevron, Anadarko, Sunoco, Amerada Hess, ConocoPhillips, ExxonMobil, Marathon, Occidental, Valero, Apache, Tesoro, Burlington, Devon Energy, El Paso, Murphy Oil, Williams. Coal rankings: Rio Tinto, Peabody, CONSOL, Arch, Foundation. Food industry rankings: Unilever, Nestle, General Mills, ADM, Altria, PepsiCo, Bunge, ConAgra. Airline/air transport rankings: UPS, British Airways, Air France, FedEx, AMR (American Airlines), Southwest, UAL (United Airlines). Also refers to steps taken by JPMorgan Chase, Goldman Sachs]

🚫Read the full post here