Lincoln Financial Group (NYSE:LNC) today announced that it has been named a top green company by Newsweek, and ranked in the top third among companies assessed for the 2016 Newsweek Green Rankings.
Since 2009, the Newsweek Green Rankings, which was created in partnership with Corporate Knights and HIP Investor,have been one of the world’s foremost corporate environmental rankings which assess the 500 largest publicly-traded companies in the United States and the 500 largest publicly-traded companies globally on overall environmental performance.
“Lincoln Financial Group is committed to improving the environment and the lives of those with whom we interact,” said Nancy Rogers, senior vice president of Corporate Responsibility at Lincoln. “As part of this commitment, Lincoln strives to continually assess, monitor and manage the impact we have on the natural environment. As a Fortune 500 company and leading insurance provider, it is important for us to understand what resources we use and to manage them as efficiently as possible.”
For the last four decades, Lincoln Financial has been focused on reducing the energy consumed in each of its locations. In 1972, Lincoln installed its first, large-scale centralized and automated energy management system, which monitors and controls HVAC, security, fire, and critical support systems. Through the use of technology that integrates various processes, construction techniques, and engineering principles, technicians can remotely monitor building usage and make adjustments to maximize energy efficiency.
"In the current global business and political climate, no company can continue to ignore its environmental footprint and there’s good news: Newsweek’s 2016 Green Rankings show that the world’s biggest companies are improving when it comes to energy productivity and in limiting greenhouse gas emissions,” said Elijah Wolfson, Senior Editor for Newsweek. “Our hope is that the rankings will propel leaders to start looking at their environmental impact not just in terms of carbon use, but comprehensively, and make the changes necessary to sustain both business growth and environmental viability."
For more information about the 2016 Newsweek Green Rankings, visit here: http://www.newsweek.com/green-2016.
Newsweek is a premier news magazine and website, bringing high-quality journalism to readers around the globe for over 80 years. Newsweek provides the latest news, in-depth analysis, and ideas about international issues, technology, business, culture and politics. In addition to its online and mobile presence, Newsweek publishes weekly English print editions in the United States, Europe, Middle East, Africa and Asia, as well as editions in Japanese, Korean, Polish, Serbian, Spanish and Czech. Newsweek is owned by IBT Media. For more information, visit: newsweek.com or corp.ibt.com. For all use of the Newsweek Green Rankings 2016 logo, please contact PARS International: http://ibtreprints.com/newsweek-green/.
Newsweek Green Rankings methodology:
The U.S. 500 consists of the 500 largest publicly-traded companies headquartered in the U.S. by market capitalization as of December 31, 2015. The Global 500 consists of the 500 largest publicly-traded companies in the world by market capitalization as of December 31, 2015.
Data is obtained from HIP Investor, Bloomberg and the CDP (via Bloomberg). All companies are contacted for data verification, whenever possible, once all available items of data have been obtained.
The 2016 Newsweek Green Rankings measures the environmental performance of large public companies using eight clearly defined key performance indicators. The methodology is clear and rules- based, and the process meets the test of being replicable by a third party. A company’s overall score is a weighted average of its eight KPI scores: Combined Energy Productivity Score, Combined GHG Productivity Score, Combined Water Productivity Score, Combined Waste Productivity Score, Green Revenue Score, Sustainability Pay Link, Sustainability Board Committee, and Audited Environmental Metrics.
About Corporate Knights
Corporate Knights is an independent media and financial research B Corp with more than a decade of experience doing corporate sustainability ratings, including the Global 100 Most Sustainable Corporations in the World, Newsweek Green Rankings, and Sustainable Stock Exchanges Ranking. The company designed and developed CleanCapitalist.com, a global platform for ranking and tailoring investment portfolios according to a person’s specific values. The vision of Corporate Knights is information empowering markets to foster a better world.
About HIP Investor
Founded in 2006, HIP (Human Impact + Profit ) Investor produces 17,000 investment ratings and rankings of stocks, bonds and mutual funds based on the fundamental drivers of value, including people, products, natural resources and trust. HIP Investor applies its ratings to advise investors, manage portfolios, and partner with advisors to deliver sustainable 401(k) plans. The HIP Investor textbook (Wiley, 2010) is included in 26 university and MBA curricula. See www.HIPinvestor.com.
About Lincoln Financial Group
Lincoln Financial Group provides advice and solutions that help empower Americans to take charge of their financial lives with confidence and optimism. Today, more than 17 million customers trust our retirement, insurance and wealth protection expertise to help address their lifestyle, savings and income goals, as well as to guard against long-term care expenses. Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE:LNC) and its affiliates. The company had $220 billion in assets under management as of March 31, 2016. Learn more at www.LincolnFinancial.com. Find us on Facebook, Twitter, LinkedIn and YouTube. To sign up for email alerts, please visit our Newsroom at http://newsroom.lfg.com.