Sep 22 2009

Who's the Greenest of Them All?

Posted by: Jonathan Marshall

PG&E has won many environmental awards for its commitment to climate action at the state and federal level, its innovative programs like ClimateSmart(tm), its leadership on energy efficiency and its relatively clean portfolio of electric power.

Still, it was a special honor to be named as the greenest utility in the United States in Newsweek magazine's green ranking of America's 500 largest publicly traded companies. The magazine cited in particular PG&E's "strong efforts" to promote energy efficiency and its growing use of renewable energy.

The rankings were based on several criteria, including emissions of greenhouse gases and toxic wastes, management of environmental issues and policies, regulatory compliance, policies concerning climate change and environmental reputation.

The magazine also assembled a panel to review its methodology and ranking list, including experts from Yale University, The Conference Board and Natural Resources Defense Council.

"This is the first time a media organization has ranked companies in this way," said Kathleen Deveny, Global Business Editor of Newsweek. "Most green lists are anecdotal -- ours is the result of a massive database research project conducted in collaboration with three of the leading players in environmental research: KLD, Trucost and Corporate Register." 

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