NEW YORK (
(GE - Get Report)
(F - Get Report)
(AA - Get Report)
Air Products & Chemicals
(ADP - Get Report)
(JCI - Get Report)
are poised to excel in a future, carbon-conscious business environment, according to a ranking of U.S. corporations based on their green innovation initiatives released on Monday.
, the global risk analysis firm behind the Climate Innovation Indexes, also determined that companies at the forefront of climate change innovation saw stronger financial performance based on five-year returns on equity. Since their launch in January, the CIIs continue to outperform the S&P by 3.5%, Maplecroft said.
"The CIIs are a valuable tool for investors looking to pick winners, as they identify the most resilient, most innovative and best positioned companies to gain competitive advantage in the new low-carbon economy," said Maplecroft CEO, Professor Alyson Warhurst, in a statement on Monday.
The indexes measure companies based on several criteria, including climate change management policies and related changes to operations and strategies; the ability to generate new technologies or initiatives that capitalize on green tech market opportunities; the reduction of greenhouse gas emissions in addition to disclosure and target-setting programs.
During Monday's first rebalancing of the CIIs, which were first launched on the Bloomberg Professional service, Maplecroft said GE held its top position for consumer-minded energy cost-cutting appliances like hybrid water heaters, energy-efficient aircraft engines and factoring carbon costs into deal approval processes.
Written by Melinda Peer in New York
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