Atlas Copco Scores High in Green Ranking
Atlas Copco informs it has ranked 11th in the world and highest in the industrial sector by Newsweek Green Rankings, a corporate environmental ranking of the 500 largest publicly-traded, global companies by market capitalization.
Newsweek Green Rankings uses data from Bloomberg’s Professional Service, which includes sustainability information from over 5,000 public securities and CDP, an international nonprofit that helps companies measure, disclose, manage and share vital environmental information. Qualified companies are scored against eight key performance indicators based on the companies’ publically available data. Indicators include total energy consumption, greenhouse gas emissions, water use, waste generation and recycling, green revenue and sustainability incentives for senior management.
“We are proud to be listed in Newsweek’s Green Rankings among global companies who are also committed to sustainable business practices,” said Jim Levitt, president of Atlas Copco North America. “This ranking is validation that it is possible to be an environmental steward while operating a profitable manufacturing company; this is made possible by our global leaders who have embraced and incorporated sustainability into everyday business practices across the organization.”
Atlas Copco’s energy-saving products include its variable speed drive (VSD) compressors, representing one of the most energy-efficient compressor designs in the industry since its introduction by Atlas Copco in 1994. Fitted with an intelligent drive system, a VSD compressor continuously changes the motor speed to match air demand and eliminates the compressor running in an unloaded state. This simple concept yields significant energy and cost savings; customers can achieve average energy savings of 35 to 50 percent and an average 22 to 37 percent reduction in lifecycle cost.
Earlier this year, Atlas Copco was recognized by the United Nations for its climate initiatives, including its goals to decrease carbon emissions, during the agency’s major conference on climate change. Atlas Copco was also listed as one of the world’s most sustainable companies in the annual Global 100 index.