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Atlas Copco scores highly on green rankings

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World Coal,

Atlas Copco has been included on this year’s Newsweek Green Rankings, which grade the world’s largest publically traded companies on their corporate sustainability and environmental impact. The Swedish maker of mining equipment was ranked at number 11, making it the highest placed industrial company on the list.

“Making innovative, energy-effective products and taking other steps to reduce the environmental impact is about business leadership,” said Mala Chakraborti, Vice President Corporate Responsibility at Atlas Copco. “Our environmental targets are central to our business and we are happy to be recognised for this.”

The Newsweek Green Rankings are compiled by the US magazine with Corporate Knights Capital and HIP Investors and look at indicators such as energy and water use, greenhouse gas emissions and waste recycling.

German industrial conglomerate, Siemens, was not far behind Atlas Copco at 13th on the rankings with GE at 109th, ABB at 150th and Caterpillar at 285th.

On the coal mining side, Vale was the top placed company at 41st with BHP Billiton the only other company coming in the top 200 – at 160th. Rival majors Rio Tinto came in at 220th, Glencore at 226th and Anglo American at 237th, while Chinese coal-mining giant, Shenhua, ranked 368th and Indian state-owned coal miner, Coal India, came a lowly 493rd.

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