This year’s annual Newsweek Green Rankings, which have been published this morning, have adopted a new methodology and also has few surprises in store.
As per the most anticipated green rankings in the world, IBM, which was at the third place last year for the US, has moved to top spot this year whereas Hewlett-Packard retained its second spot. Dell made a move from third to fifth spot and Sprint jumped from sixth place last year to third place this year reveals Reuters (opens in new tab).
German reinsurance firm Munich Re has been awarded with the title of World’s greenest company. This year’s Newsweek’s list is more like 500 largest companies in the world and not just 500 largest U.S. companies.
This ranking also reveals which sectors are looking up and shining bright in terms of performance. Finance and technology companies are dominating the lists published by Newsweek.
Another notable thing is that this year there has been a major shift in the procedure employed by Newsweek while preparing this list. This year they have swapped out the reputational metrics to bring in transparency metrics in the rankings.
An interesting feature of this year’s report is the least-green companies. The bottom companies of the list are those companies that failed to take adequate measures to manage and reduce their impacts in the environment.