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GE Tops Climate Innovation Index, Berkshire Hathaway Ranks Last

General Electric has edged out Ford and Intel to take the top spot in Maplecroft’s Climate Innovation Index U.S. 100, while Warren Buffett’s Berkshire Hathaway comes in last, reports Bloomberg.

Ranked on their efforts to manage carbon emissions and global warming as well as their profit on climate opportunities, GE topped the list of the 100 largest public companies in the U.S. for the second year in a row.

Maplecroft rated these companies on 100 categories including their reduction of greenhouse gas (GHG) emissions, use of new technologies, and their strategies for climate- related opportunities and disclosure of environmental policies. The company used publicly disclosed information such as company sustainability reports, followed up by at least two e-mails, according to Bloomberg.

While GE was cited for offering products ranging from water heaters that cut energy use to fuel-efficient aircraft engines, and for setting a price on carbon emissions in some of its contracts, Berkshire was ranked last for its lack of disclosure on climate-change policies, reports Bloomberg.

GE and Ford also led a larger ranking of more than 330 companies with market capitalizations of more than $1 billion, according to the article. Alcoa was ranked third on that list.

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2 thoughts on “GE Tops Climate Innovation Index, Berkshire Hathaway Ranks Last

  1. Looks like they wanted a sales pitch (ie. internal company reports) from each company to quantify this index. A good-quality analysis would make this evaluation independent of company self-evaluation reports. Why waste time, money, and resources on a self-evaluation when this should be done independently. Sadly, this is characteristic of the state of journalism broadly today. Unless companies spend significant resources self-promoting, biased nonsense is reported alongside ‘no response from company XYZ within 1 day of contact’..

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