MINNEAPOLIS, Minnesota - General Mills was named to Newsweek's 2016 Green Rankings for the third consecutive year for its environmental performance within the company's operations. This year, General Mills improved to 29th out of 500 best publicly traded U.S. companies and 59th out of 500 best publicly traded global companies, up from 48th and 77th in 2015.
“We’ve done a tremendous amount of work throughout our entire value chain to reduce our environmental impact and it’s an honor to be recognized by Newsweek,” said Jerry Lynch, chief sustainability officer and vice president for General Mills. “We believe we can make the most impact upstream of our operations, which is where we’re focusing much of our energy -- on agriculture.”
This year, General Mills received the highest placements the company has achieved on Newsweek’s Green Rankings since the list was initiated in 2009. General Mills’ 2016 ranking improved as well as the company’s overall weighted score, which increased by nearly 5 percent year over year.
"In the current global business and political climate, no company can continue to ignore its environmental footprint and there's good news: Newsweek's 2016 Green Rankings show that the world's biggest companies are improving when it comes to energy productivity and in limiting greenhouse gas emissions,” said Elijah Wolfson, senior editor for Newsweek. “Our hope is that the rankings will propel leaders to start looking at their environmental impact not just in terms of carbon use, but comprehensively, and make the changes necessary to sustain both business growth and environmental viability."
Newsweek Green Rankings is one of the world's foremost assessments of corporate environmental performance. Based on research from Corporate Knights Capital and HIP (Human Impact + Profit) Investor Inc., the 2016 iteration of the rankings uses a weighted average of eight key performance indicators of the world’s largest publicly-traded companies. Measured factors include energy, greenhouse gas, water and waste productivity, “green” revenue, “green” pay, sustainability board oversight and audited environmental metrics.
“We are using science-based methodology to help us better align our efforts to reduce our GHG emissions, water usage and waste,” added Lynch. “The results are becoming increasingly meaningful as there’s growing pressure on large companies to do our part in the fight against climate change.”
General Mills is recognized among other companies such as Nike, Unilever and Ecolab. The full list and related stories appear at Newsweek.com.
To pick the 500 best publicly traded U.S. companies and the 500 best publicly traded global companies, Newsweek partners with the Corporate Knights Capital to show which companies are generating the most revenue with the least amount of environmental impact. To get there, eight clearly defined key performance indicators are taken in to account including carbon, energy, water, waste, and the extent to which internal governance is geared towards sustainability.
About General Mills
General Mills is a leading global food company that serves the world by making food people love. Its brands include Cheerios, Annie’s, Yoplait, Nature Valley, Fiber One, Haagen-Dazs, Betty Crocker, Pillsbury, Old El Paso, Wanchai Ferry, Yoki and more. Headquartered in Minneapolis, Minnesota,
USA, General Mills had fiscal 2015 worldwide sales of US $18.7 billion, including the company’s US $1.1 billion proportionate share of joint-venture net sales.