Getting the Most Green Bang for Your Greenbackshttp://www.fool.com/investing/general/2012/11/02/getting-the-most-green-bang-for-your-greenbacks.aspx Alyce Lomax
November 2, 2012
Many investors don't rank environmental concerns high on the list of metrics they consider when researching stocks, but it's likely more are coming around to the idea that the tides are changing. How the companies we consider investing in treat the planet is part of a major shift in the way many of us view the definition of solid, long-term management practices.
Of course, it's often difficult to know which companies do a bang-up job on earth-friendly initiatives, but here's one fertile resource: Newsweek recently released its Green Rankings 2012.
The results may be surprising, given the types of companies that immediately pop to mind for green kudos.
IBM (NYSE: IBM ) took the No. 1 spot this year, with an overall "Green Score" of 82.9. It's particularly cited for its "Smarter Planet" initiative, which is helping its clients do exactly what investors should hope they would do: measure and reduce their resource consumption, thereby saving money.
Hewlett-Packard (NYSE: HPQ ) can be faulted for many issues, including its revolving-door management and corporate governance issues over the years, but it's managed to muster green computations that set it high above the rest, in the No. 2 slot. With a total Green Score of 78.5, it's highlighted for having lowered its emissions by more than half since 2005. It's also been a force to reckon with for suppliers, blocking those that are connected to deforestation and illegal logging practices .
The third-greenest company is Sprint-Nextel (NYSE: S ) , with a Green Score of 77.5. It was the first such company to take back old devices for reuse, and it encourages consumers to keep their devices out of landfills by offering credits for returning their old phones. It's also set a goal of recycling nine out of every 10 devices it sells by 2017.
The least green
Financial company BlackRock (NYSE: