The 500 companies included in the ranking were chosen according to their revenue, market capitalisation and number of employees.
NSF International, a public health and safety organisation, has partnered with Trucost to combine its methodology with NSF International’s environmental certification, verification and auditing services, which provides companies with an affordable analysis of their current operations and exposure to carbon costs, and helps them implement sustainable business practices.
As part of the partnership, NSF International and Trucost recently released a carbon emissions report, examining the greenhouse gas emissions and carbon footprints of S&P 500 companies in several sectors: aerospace, chemicals, food and beverage, green products, healthcare, industrial goods and services, personal and household goods, automobiles and parts and retail.
This is essential, as many US companies will soon have to pay for greenhouse gas emissions under the planned cap-and-trade programme, an approach used to control pollution by providing economic incentives to companies achieving reductions in pollutant emissions and adopting energy efficient business practices.
“The report provides a comprehensive look at how these companies could be impacted by future carbon costs relative to each sector,” said Koen Bontinck, NSF International vice president of sustainability services. “You can’t manage what you can’t measure, which is why we’ve partnered with Trucost. Together, we can offer US corporations a cost-effective approach to measuring and managing their carbon footprints.”
Malcolm Fox, NSF International/Trucost Alliance director, said: “Trucost maintains the most comprehensive data on corporate environmental impacts, which is why Newsweek selected us to help them unlock the most significant issue in creating a definitive environmental scorecard: the lack of corporate reporting of even the most basic environmental data.”
Trucost’s comprehensive approach allows them to evaluate the environmental impacts of a company even when the company doesn’t report on its environmental impact.
NSF International and Trucost are also offering a free webinar on 29 September regarding the carbon emissions report. Topics will include understanding Trucost’s methodology, how carbon footprinting is measured, and an overview of NSF International and Trucost’s sustainability services. A question and answer session will complete the webinar.
Source: NSF International
© FoodBev Media Ltd 2024