Bloomberg Markets Magazine ranked the world’s greenest banks for the first time and came out with a top 10 list that assessed 188 banks in 49 countries. The list ranked by looking at two performance areas: renewable energy investment, and their own efforts to reduce waste and carbon footprint in their operations.
Investments in renewable energy – which covered wind, solar, geothermal, hydro, biomass, biofuel and other related renewable energy technology – make up 70 percent of the scores. These investments must have been made between 2004 and 2010.
Banks that are not members of recognized benchmark indexes and have less than $10 billion market capitalization were not included.
Environmental performance, accounting for 30 percent of scores, covered waste and carbon emission reduction efforts. Banks that disclosed the most information about their greenhouse gas emissions and energy use scored more points, along with those who publicly provide the most recent and measurable data.
This is a blog supporting discussion surrounding the EDIN (Energy Development in Island Nations) USVI (United States Virgin Islands) EEWG (Energy Efficiency Working Group). We welcome Virgin Island residents, businesses, government officials, utilities, and relevant consultants and commerical interests to participate. We are in the process of introducing the "VIenergize" campaign; energizing the Virgin Islands' pursuit of reduced fossil fuel consumption.
This is a great snippit; all businesses are heading toward environmental sustainability in one way or another. I think part of encouraging the changes that need to occur is accepting them as the norm rather than the exception. Stories like this help to make that a reality.
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