Altera Ranks Among Top 25 Greenest Companies in U.S.
SAN JOSE, Calif., July 22, 2014 /PRNewswire/ — Altera Corporation (Nasdaq: ALTR) announced today it has ranked #24 on the Newsweek Magazine 2014 Green Rankings of more than 500 U.S. companies. Newsweek’s annual Green Rankings are one of the world’s most recognized assessments of corporate sustainability and environmental impact. Newsweek evaluated companies on eight specific indicators, including conservation and sustainability efforts in the areas of energy, carbon, water, and waste productivity.
Company reputation was also taken into account in the ranking, and Altera earned highest marks in this area. Reputation was scored by a consultancy called RepRisk, which collects and analyzes controversies related to human rights violations, poor working conditions, corruption, and environmental destruction.
“Altera has always operated its business in an environmentally conscious manner, and strong efforts have been made by Altera’s Facilities, Human Resources, and Corporate Social Responsibility teams to make our campuses greener,” said Kyle Bowers, Altera vice president of Reliability and Quality Assurance. “Altera works hard to maximize our sustainability efforts, and we continue to look for areas where we can institute even more positive changes and minimize our environmental impact.”
Altera Green Initiatives
Among the green efforts is Altera’s recycling program, which diverts well over 80 percent of the waste generated on the San Jose, Calif., site away from landfills to be recycled, composted or reused. In addition, Altera installed Bloom Energy fuel cells in late 2012, which reduced the purchased-electricity carbon footprint by 34 percent. Altera’s strong focus on corporate social responsibility also includes guidelines and tracking of sustainable procurement, supply chain propagation, and employee health and safety initiatives.
Newsweek partnered with independent investment research company Corporate Knights Capital to complete the 2014 Green Rankings. To ensure data collected was accurate and reliable, Corporate Knights Capital used a variety of techniques, including statistical analysis of industry trends and year-over-year shifts in performance; as well as manual investigations of outliers.
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