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NEW YORK — Hess Corp. is the No. 1 greenest U.S. company in the energy sector, according to the Newsweek Green Rankings 2014 list. This marks the fourth consecutive year that Hess has topped the list, which evaluates the 500 largest publicly traded companies in the world based on corporate sustainability and environmental impact.
"We are committed to being responsible stewards in the communities where we work all over the world," stated CEO John Hess. "Sustainable business practices are essential to ensuring our license to operate, managing risks, operating efficiently and developing growth opportunities. This recognition is a source of pride for all our employees and contractors who work tirelessly to uphold the Hess values."
Hess ranked No. 108 out of 500 among the world's greenest companies in all measured sectors.
The annual rankings are based on eight performance indicators:
- Combined energy productivity score (revenue/total energy consumption);
- Combined greenhouse gas productivity (revenue/total greenhouse gas emissions);
- Combined water productivity (revenue/total water use);
- Combined waste productivity (revenue/total waste generated minus total waste recycled);
- Sustainability pay link (relationship between the pay of the senior executive team and the company's achievement of environmental performance targets);
- Sustainability board committee (existence of a committee at the board of directors level whose mandate is related to the sustainability of the company); and
- Audited environmental metrics.
Other energy companies making this year's list of the world's greenest companies include: BP at No. 97, Royal Dutch Shell at No. 99, Chevron at No. 110, Exxon Mobil at No. 180, ConocoPhillips at No. 188, Marathon Oil at No. 279, Marathon Petroleum at No. 339, Lukoil at No. 410, Valero Energy at No. 435 and Phillips 66 at No. 463.
To determine the rankings, Newsweek conducted a "rigorous, peer-reviewed research process, including both quantitative and qualitative data from some of the world's leading environmental research organizations."