Bottom of the Barrel: Newsweek’s Least Green Companies

Which of the S&P 500 companies are the least environmentally friendly? Newsweek unveiled its Green Rankings last week and while there has been a lot of discussion about the top 5, there’s another story to be told in the bottom 5.

Unsurprisingly, nearly all of the bottom-ranking companies on the Newsweek list are in the energy industry. Here they are with their green scores (based on environmental impact, green policies and performance, and reputation):

Consol Energy – Basic Materials – Green Score: 28.65
ConAgra Foods – Food and Beverage – Green Score: 27.49
Allegheny Energy – Utilities – Green Score: 25.04
NRG Energy – Utilities – Green Score: 22.75
Peabody Energy – Basic Materials – Green Score: 1.00

Pretty big drop there for the bottom company, Peabody Energy (the world’s largest private-sector coal company). Peabody Energy comes in dead last thanks to its incredibly high toxic emissions and the negative impact that its product has on the environment.

This company is one of the biggest offenders in violating the Clean Water Act, injecting billions of gallons of coal slurry and sludge into the ground in the past 5 years. Pine Ridge, a subsidiary of Peabody Energy, reported to West Virginia officials that 93 percent of the waste it injected into the city of Charleston has illegal concentrations of chemicals like arsenic, lead, chromium, beryllium and nickel.

Green business expert Joel Makower has a great overview of how the companies were scored and, as he notes, the list isn’t perfect. Since it’s only a list of the S&P 500, far greener companies than the top 5, like Patagonia, are left out. However, it does bring together a lot of data in a way that’s efficient and easy to understand. If only they included a greenwashing factor – each company’s real efforts versus its claims about being green. Maybe next year.

Link [Newsweek] + [Joel Makower]
Photo credit: PeabodyEnergy.com

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