Newsweek: 4 MN Cos. Among 100 Greenest in U.S.
Newsweek recently released its “green rankings” of the 500 largest public companies in the United States, and four Minnesota companies made the top 100.
They are Best Buy Company, U.S. Bancorp, Medtronic, and Target Corporation.
The list ranks companies based on their “green score,” which takes into account each company’s environmental footprint, how it manages its environmental performance through policies and programs, and its transparency with regard to its environmental performance.
Among Minnesota companies, Richfield-based Best Buy ranked the highest—23rd—with a green score of 71.2 out of a possible 100. Meanwhile, Minneapolis-based U.S. Bancorp ranked 61st with a green score of 66.2, and Fridley-based Medtronic was close behind at 65 with a green score of 65.4. Minneapolis-based Target ranked 85th with a green score of 63.2.
Newsweek determined the largest public companies in the nation based on revenue, market capitalization, and number of employees. The magazine then collaborated with environmental research firms Trucost and Sustainalytics to assess different metrics, including greenhouse gas emissions, water use, solid waste disposal, and emissions that contribute to acid rain and smog.
IBM took top honors with a green score of 82.9, followed by Hewlett-Packard, Sprint-Nextel, Dell, and CA Technologies.
Sixteen Minnesota companies were included in Newsweek’s green rankings. Following is a list of those local companies, their headquarters, and their rankings:
- 23: Best Buy Company, Richfield
- 61: U.S. Bancorp, Minneapolis
- 65: Medtronic, Fridley
- 85: Target Corporation, Minneapolis
- 112: 3M Company, Maplewood
- 167: Supervalu, Eden Prairie
- 192: UnitedHealth Group, Minnetonka
- 214: C.H. Robinson Worldwide, Eden Prairie
- 218: Fastenal Company, Winona
- 283: General Mills, Golden Valley
- 292: Ecolab, St. Paul
- 315: St. Jude Medical, Little Canada
- 402: The Mosaic Company, Plymouth
- 420: Xcel Energy, Minneapolis
- 421: Hormel Foods, Austin
- 488: Ameriprise Financial, Minneapolis