September 01, 2014

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Can Corporate Sustainability & Economic Growth Coexist?


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#BaBf: What Does it Mean to Brew a Better Future?

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When Corporate Citizenship Integrates with Business Strategy: In Conversation with

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What Does it Mean
to Compete to be
Best FOR the
World?

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CSRlive Commentary

Submitted By: jack
04.24.2012 - 10:39AM

Category: Clean Technology

GE, Alcoa, Johnson Controls, Ford and Intel Named Leaders in Clean Tech

Cii_cycle3

A new rating of the 360 largest US companies, undertaken by risk analysis company Maplecroft, has revealed GE, Alcoa, Johnson Controls, Ford, Intel, Hess, Air Products, Praxair, United Technologies and Autodesk as leaders in the innovation of clean-tech solutions and new products, the mitigation of climate change related risks and the management of carbon emissions.

The Maplecroft Climate Innovation Indexes (CIIs) are the single most exhaustive study of the USA’s largest multinational companies and how they manage and adapt to climate change, with a special focus on innovation. Maplecroft rated each company against more than 100 criteria, including: technological innovation and new working practices to combat climate change impacts; management of climate-related issues; adaption to physical climate-related risks, such as flooding or extreme weather events throughout the supply chain; and, the reduction of GHG emissions.

The third release of the CIIs includes an extra 37 companies since Cycle I was initiated in 2009; as more companies pass the pre-screening process, indicating an increase by US business in their engagement with climate related initiatives.

General Electric (GE) has topped the list of best performers for each of the three CII cycles. Maplecroft puts its continuing strong performance down to a number of factors. The company has a dedicated sustainable business research strategy – 'ecomagination' – in which it has invested $5 billion in clean tech R&D over 5 years. These investments, which have focused increasingly on solutions to address climate challenges, have generated $100 billion in revenues and are performing twice as well as other parts of the organisation. Innovations include: waste-to-value solutions; smart-grid technologies; wind turbines; and other alternative energy innovations. The company has also recorded substantial reductions in greenhouse gas emissions since 2006 and has saved $140m from its own energy bill.

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