Sun has repeatedly stated it takes eco-responsibility seriously. The company also has been known as one that stands true to its word. With the release of a recent report analyzing climate change governance practices at 63 of the world's largest companies, Sun authenticates itself once again as a corporation making responsible changes to go green.

Sponsored by Ceres, a coalition of investors, environmental groups and other public interest organizations working with companies to address sustainability challenges such as global climate change, the report reviewed companies in 11 different industry sectors and graded them on their green factor.

The report used a "Climate Change Governance Framework" to evaluate how 48 US companies and 15 non-US companies are addressing climate change through board of director oversight, management execution, public disclosure, GHG emissions accounting and strategic planning and performance. The companies were evaluated using a 100-point scoring system based on this framework.

Sun earned 63 points, placing third in the technology sector. It closely followed behind Dell (77) and IBM (79), which placed second and first, respectively. HP (62), Cisco (55), Canon (52), and Apple (28) took fourth, fifth, sixth, and seventh place as listed.

The report finds evidence that many U.S. and European companies are responding to climate change, with technology, pharmaceutical, and semiconductor firms leading the way. The three highest scoring companies overall were IBM, UK-based grocery retailer Tesco (78), and Dell. More than half of the 63 companies tested for this report scored under 50 points, with a median score of 38 points.

“Green strategies that save energy and fight global warming have broad consumer appeal and political support,” said Doug Cogan, director of Climate Risk Management for RiskMetrics Group, which authored the report. “Companies that seize the initiative can gain market share, build investor confidence and insulate themselves against future energy shocks and climate change regulations. It’s simply smart business to employ these governance practices today.”

More Information

Ceres Report on Climate Change Strategies

Sun Eco Responsibility

Sun Eco Innovation [...read more...]

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