WASHINGTON--(BUSINESS WIRE)--Pepco Holdings, Inc. (NYSE:POM) is once again a top performer in Newsweek magazine’s 2011 Green Rankings of America’s Largest Public Companies, published in its Oct. 16, 2011 issue. Among the 500 largest U.S. companies – according to revenues, market capitalization and number of employees – Pepco Holdings, Inc. (PHI) was the third-highest ranked utility.
“These rankings matter to us,” said Joseph M. Rigby, PHI Chairman, President and CEO, “because they give us a clear picture of how we are doing on achieving the environmental goals that we have set for ourselves. Having a clear focus on our environmental performance is an essential contributor to our financial performance.”
Newsweek collaborated with environmental research firms Trucost and Sustainalytics to produce the rankings, based on each company’s environmental footprint, management of that footprint, and transparency. Trucost specializes in quantitative measurements of environmental performance and Sustainalytics is a global leader in sustainability research and analysis.
Companies’ “green scores” were derived from three components: an Environmental Impact Score; an Environmental Management Score; and an Environmental Disclosure Score.
PHI achieved the highest ranking score among U.S. utilities for the Environmental Impact component, which is “a comprehensive, quantitative and standardized measurement of the overall environmental impact of a company’s global operations.” Measurements and analysis covered “more than 700 metrics – including emissions of nine key greenhouse gases, water use, solid waste disposal and emissions that contribute to acid rain and smog.”
The Environmental Management score is “an assessment of how a company manages its environmental performance through policies, programs, targets, certifications and other methods.
The Environmental Disclosure Score – a new component in 2011 – “evaluates the breadth and quality of company environmental reporting of their material impacts, as well as company involvement in key transparency initiatives such as the Global Reporting Initiative and the Carbon Disclosure Project.”
More information on Newsweek’s Green Rankings is available in
the magazine’s Oct. 16, 2011 issue.
PHI’s annual Powering
a Sustainable Future is available at www.pepcoholdings.com/services/environment/.
About PHI: Pepco Holdings, Inc. (NYSE: POM) is one of the largest energy delivery companies in the Mid-Atlantic region, serving about 1.9 million customers in Delaware, the District of Columbia, Maryland and New Jersey. PHI subsidiaries Pepco, Delmarva Power and Atlantic City Electric provide regulated electricity service; Delmarva Power also provides natural gas service. PHI also provides energy efficiency and renewable energy services through Pepco Energy Services.