General Mills recognized in Newsweek Green Rankings
In today’s business environment, there is a proliferation of rankings and it can be challenging to know what they mean and how we should interpret the results.
Just yesterday, General Mills was included in the Newsweek 2014 Green Rankings, 37th in a field of 500 publicly traded U.S. companies and 65th amongst 500 publicly traded global companies.
The Newsweek rankings use performance indicators to measure environmental performance of large public companies, showing which companies are generating the most revenue with the least amount of environmental impact.
In a nutshell, this ranking focuses on how efficiently we use natural resources, which is an important element of sustainability.
Our placement in these rankings are a testament to the progress we’ve made and continue to make toward our fiscal 2015 goal of achieving significant, measurable reductions in energy usage, greenhouse gas emissions (GHGs), water usage and other sustainability metrics.
This year, Newsweek reinstated their rankings after a one-year hiatus and partnered with Corporate Knights Capital to measure the world’s largest publicly traded companies. They used eight metrics to collectively provide a transparent measurement of overall corporate environmental performance:
* Energy Productivity
* GHG Productivity
* Water Productivity
* Waste Productivity
* Sustainability Pay Link
* Sustainability Board Committee
* Audited Environmental Metrics
What is unique about this assessment, is that they are analyzing environmental indicators and metrics with financial performance and it’s something we will likely see more of in the future.
We realize the importance of greater transparency and are doing a better job of sharing our story every year.
In addition to reducing our natural resource usage, we are also addressing the challenge of balancing the need to produce more food for the world’s growing population with the need to conserve and protect the natural resources on which the business depends.
In response to this challenge, General Mills announced in 2013 its commitment to sustainably source 100 percent of its 10 priority ingredients by 2020 – representing more than 50 percent of its annual raw material purchases.
We are proud of our progress and recognize there is much more to be done.