For the second year in a row, Navistar has been ranked in the top 100 in Newsweek's Green Rankings report on the most eco-friendly U.S. companies. The report also rated Navistar as one of the nation's top 10 companies for environmental management, one of the three key components of each company’s overall Green Score.
"We are proud of this continued recognition of Navistar’s efforts to manage our environmental footprint effectively," said Steven Covey, Navistar senior vice president, general counsel and chief environmental officer. "Our environmental management score, which was among the top 10 nationally, reflects our strong and detailed environmental policy, our environmental management system, and our programs to reduce hazardous waste generation."
Newsweek's 2012 Green Rankings, its fourth annual environmental ranking of America's 500 largest publicly traded companies, also lists Navistar as No. 3 out of 11 among companies in the U.S. Vehicles & Components category, behind only Goodyear Tire & Rubber (No. 2) and Ford Motor (No. 1). Overall, Navistar was ranked No. 81 out of 500 U.S. companies.
"Newsweek's Green Rankings highlight the operational component of our commitment to the environment," Covey added. "Navistar’s people work very hard to manufacture our products in an environmentally friendly manner, including saving energy while recycling and reducing waste."
Navistar has also contributed to reduced emissions by introducing many eco-friendly products:
- The company pioneered the first smokeless diesel engine in North America.
- Navistar was also the first North American manufacturer to enter line production of diesel-electric hybrid commercial trucks and school buses.
- And, Navistar was the first major global truck manufacturer to bring an all-electric solution to the commercial truck market.
Newsweek’s Green Rankings focus on the largest publicly traded companies in America (the U.S. 500 list) and worldwide (the Global 500 list). Each list consists of the largest 500 companies by revenue (most recent fiscal year), market capitalization, and number of employees, as of April 30, 2012.
Newsweek's rankings are based on a company's overall Green Score, which includes three components: environmental impact, environmental management, and environmental disclosure. To compile the Green Score, Newsweek collaborated with two environmental research providers, Trucost and Sustainalytics, to assess each company’s environmental footprint, management of that footprint, and transparency.
Navistar has made the magazine's U.S. 500 list since it debuted in 2009 at No. 424. It rose to No. 204 in 2010 and No. 47 in 2011.