Adobe (NASDAQ: ADBE) said it has been ranked the second greenest company in the United States, and third greenest in the world, according to Newsweek´s 2014 Green Rankings released last week.
In the category of IT companies, Adobe tops the list both in the US and globally.
The Newsweek Green Rankings are based on data evaluations of the world´s 500 largest companies by market capitalization. The rankings are compiled by an independent research company, Corporate Knights Capital, and sustainability experts from NGOs, academic and accounting organizations.
The 2014 ranking methodology considers six key principles: transparency; objectivity; public data; comparability; engagement; and stakeholders. Companies are scored based on their performance on eight specific indicators. These include “productivity” in energy, greenhouse gases, water and waste. The rankings also take into account the existence of a sustainability board; the existence of third-party environmental metrics; and “sustainability pay link,” which attempts to tie the earnings of senior executives to the achievement of certain corporate environmental targets.
For more information on Adobe´s corporate responsibility initiatives, visit www.adobe.com/corporate-responsibility.html.