Oil Companies ranked on CSR
Independent investment research firm Innovest Strategic Value Advisors (www.innovestgroup.com) has released the latest of its sector-based assessments of how companies perform on CSR. The report ranks 33 companies in the oil and gas industry.
Companies that received the highest ranking include Norsk Hydro, BP, Suncor, and Royal Dutch/Shell.
Companies that received the lowest rankings include Yukos, PetroChina, Marathon, and Surgutneftegas.
The report discussed escalating climate change risk, access to resources, C. governance scandals and the shift towards new, lower impact products.
Innovest used its proprietary EcoValue 21 environmental rating methodology to assess the relative environmental performance, or "eco-efficiency," of the 13 companies. The rating is based on more than 60 different aspects of environmental risk, opportunity, and management, including positions on climate change, renewable energy, fuel cells, natural gas, emissions, and social management in international operations.