New Reports Grade Sustainability Reporting of 48 U.S. Energy and Utilities Companies
Roberts Environmental Center gives top marks to Mirant and Pinnacle West Capital
The reports score companies based on the reporting, intent, and performance of environmental and social sustainability efforts. The research, based entirely on material released on the firms' Web sites, found that two of the smallest firms - Mirant (energy sector) and Pinnacle West Capital (utilities sector) - did the best jobs of describing details of their socially beneficial actions and environmental management. The lowest scores were also shared by small firms - Adams Resources and Energy, Inc., and Atmos Energy Corp. - but there was a good mix of firms of all sizes throughout the range of scoring. In neither sector is size a predictor of good reporting.
"In most sectors we analyze, particularly when large multinationals are included, we do see an effect of firm size on corporate reporting," said
To create the report's ranking, Morhardt and his team evaluated each company's Web site using the Pacific Sustainability Index including sector-specific questions. The index uses a general systematic questionnaire to analyze the quality of sustainability reporting. The selection of questions was based on the most frequently-mentioned topics in almost 1,800 corporate sustainability documents analyzed from 2002 through 2008 by the Roberts Environmental Center. The company's grades in this report were assigned on a grading curve, giving an A+ to the highest scoring companies and those with scores near it.
"In the current business climate, a demonstration of corporate social responsibility is more important than ever," continued Morhardt. "What we are analyzing is the quality of that demonstration - how transparent the companies are with respect to their environmental and social issues, and how good a job they are doing resolving any problems they currently have and avoiding future ones."
The detailed analyses also reveal what social and environmental themes these companies perceive to be most important to the American public today. The research screened Web site content to determine the most frequently reported topics. Companies with environmental achievements tended to tout their accountability and energy efficiency efforts while socially responsible businesses highlighted their superior policies and care for human rights.
To view the complete reports, visit: http://www.roberts.cmc.edu/PSI/SectorReports.asp.
About Roberts Environmental Center
The Roberts Environmental Center is an environmental research institute at
Scoring Summary --------------- Energy Sector Utilities Sector ------------- ---------------- Highest Overall Scores Mirant Pinnacle West Capital Constellation Energy Wisconsin Energy American Electric Power Duke Energy Highest Environmental Reporting Scores Mirant Pinnacle West Capital Constellation Energy Wisconsin Energy American Electric Power Pepco Holdings, Inc. Highest Social Reporting Scores Mirant Pinnacle West Capital Constellation Energy Duke Energy Integrys Energy Corp. Wisconsin Energy Lowest Overall Scores Adams Resources and Energy Atmos Energy Corp. Ferrellgas Partners Ameren New Jersey Resources AES Corp.