21 September 2009 17:20 [Source: ICIS news]
HOUSTON (ICIS news)--Praxair and Eastman Chemical made the most positive environmental impact over the past year among major US chemical producers, Newsweek magazine said on Monday in its annual Green Rankings.
Newsweek ranked the top 500 American companies – based on revenue, market capitalisation and number of employees – from an environmental standpoint by their resource use and emissions, policies and strategies and reputation among peers, it said.
Praxair and Eastman topped the basic materials sector, which contained 28 companies.
The two were the only chemical companies among the top 100 overall, coming in at 80 and 95, respectively.
In particular, Eastman was praised for avoiding environmental controversies, “unlike many of its peers”.
“[Eastman] has also done an excellent job reporting on emissions and waste and has set concrete targets and goals to reduce air, GHG [greenhouse gas emissions] and hazardous waste emission levels,” Newsweek said.
Celanese ranked third in the basic materials sector and 125 overall.
Dow Chemical and DuPont ranked fifth and seventh in the basic materials sector, respectively, and 143 and 193, overall.
Newsweek praised Dow’s GHG emissions reduction programme, but criticised the company for a lack of industry environmental leadership in other areas.
In addition, the magazine said DuPont was not proactive in creating emission reduction programmes for its chemical releases.
Fertilizer producer Mosaic ranked near the bottom of the basic materials sector at 26.
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