CStore Decisions

  • Home
  • Today on CSD
  • Categories
    • CBD
    • Foodservice
    • Fuel & Gas
    • Health & Beauty
    • Independent Operators
    • Operations & Marketing
    • Technology
  • CStore Playbooks
    • CBD Playbook
    • Foodservice Playbook
    • Technology Playbook
    • Alcoholic Beverage Playbook
    • Tobacco Playbook
  • Products
    • Hot New Products Contest
    • Beverages & Cold Vault
    • Candy, Gum & Mints
    • Snacks
    • Tobacco
  • Resources
    • Digital Issues
    • Research & Downloads
    • Podcasts/How To Series
    • On Location
    • FAQ
    • 2022 Top 111 Chains
    • Leaders in Convenience
    • Rack Prices
    • Sponsored Content
    • Videos
    • Webinars / Digital Events
    • White Papers
  • Events
    • 2021 Chain of the Year
    • Convenience Directions
    • NAG Convenience Conference
    • Young Executive Organization
  • Join
    • National Advisory Group
    • Safe Shop Assured
    • Young Executive Organization

Hess Named Cleanest Capitalist

By CSD Staff | February 22, 2012

Share

Companies were rated based on 11 transparent quantitative indicators, including carbon productivity.

Toronto-based media company Corporate Knights, the Company for Clean Capitalism, has named Hess as No. 1 in its inaugural S&P 500 Clean Capitalism Ranking of clean capitalism leaders.

Toby Heaps, editor-in-chief of Corporate Knights, defines clean capitalism  as “an economic system in which prices fully incorporate social, economic and ecological costs and benefits, and actors are clearly aware of the consequences of their marketplace actions,” Forbes reported.

Corporate Knights rated companies on a suite of 11 transparent quantitative indicators, including carbon productivity (revenue/carbon emissions), ratio of highest executive to average employee pay, and percent of tax paid in cash.

Companies were ranked relative to their industry peers, and all companies on the S&P 500 regardless of their industry were included in the ranking including, controversially, tobacco and military firms.

Due to the current nascent state of corporate sustainability reporting, the aim of the clean capitalism ranking is not meant to capture a company’s full impact on society, but rather to set some objective and transparent ground rules on which to measure and recognize progress.

“Our theory of change is that if you can objectively score companies on meaningful criteria and those scores can be used to influence market forces, it will be possible to divert capital away from inefficient, irresponsible firms and toward more resource-productive and responsible ones,” Heaps said.

The No. 1 ranked company in the S&P 500 ranking was Hess Corp., an integrated energy company headquartered in New York City. Drivers of Hess Corp’s top positioning in the ranking included top quartile performance in energy productivity ($592 in revenue generated per unit of energy used), water productivity ($3,315 in revenue generated per unit of water consumed) and percent of tax owed at statutory rates paid out in cash (100%). Hess Corp’s performance in the ranking was also strongly influenced by the company’s best-in-class disclosure practices; the company disclosed data on 10 of the 11 key performance indicators used in the Corporate Knights research model, tops in the Energy industry.

The 2012 ranking transparently ranked companies in the S&P 500 based on 11 key performance indicators, with data collected by Corporate Knights and verified with The BLOOMBERG PROFESSIONAL service.

The Corporate Knights Clean Capitalism rating methodology, originally applied to the Global 100 Most Sustainable Corporations in the World Ranking, was recently recognized for its industry leading standard of transparency and objectivity by a meta-study of corporate sustainability rankings (Rate the Raters by the consultancy SustainAbility).

 

Related Articles Read More >

Technology Is Raising the Bar for Food Programs
Marathon Petroleum Firefighters Raise Awareness and Money for Lung Cancer Research
Road Ranger Partners with Professional Driver Ty Majeski
EG America Launches SmartPay Promotion
Safe Shop Assured

CStore Decisions Newsletter

Sponsored Content

  • Create Some Positivity at the Pump: 3 Ways to Fuel Customer Experiences
  • How Minuteman Food Mart Ensures a Consistent Customer Experience Across 44 Stores
  • Three Challenges Disrupting C-Store Operations and How to Overcome Them
  • Why Wait? Converting to E15 is easy.
  • It’s time you profited from your checkout line

Get the Magazine

Subscribe Now!
Subscribe Now!

Manage Current Subscription
CStore Decisions
  • New CSD Print Subscription
  • Manage current print subscription
  • CBD Retail Trends
  • CStore Products
  • NAG Convenience Conference
  • Convenience Directions
  • Rack Prices
  • Subscribe to CSD’s E-Newsletter
  • About CStore Decisions
  • Advertise

Copyright © 2022 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy | Advertising | About Us

Search CStore Decisions

  • Home
  • Today on CSD
  • Categories
    • CBD
    • Foodservice
    • Fuel & Gas
    • Health & Beauty
    • Independent Operators
    • Operations & Marketing
    • Technology
  • CStore Playbooks
    • CBD Playbook
    • Foodservice Playbook
    • Technology Playbook
    • Alcoholic Beverage Playbook
    • Tobacco Playbook
  • Products
    • Hot New Products Contest
    • Beverages & Cold Vault
    • Candy, Gum & Mints
    • Snacks
    • Tobacco
  • Resources
    • Digital Issues
    • Research & Downloads
    • Podcasts/How To Series
    • On Location
    • FAQ
    • 2022 Top 111 Chains
    • Leaders in Convenience
    • Rack Prices
    • Sponsored Content
    • Videos
    • Webinars / Digital Events
    • White Papers
  • Events
    • 2021 Chain of the Year
    • Convenience Directions
    • NAG Convenience Conference
    • Young Executive Organization
  • Join
    • National Advisory Group
    • Safe Shop Assured
    • Young Executive Organization