PAWTUCKET – Hasbro Inc. was recently ranked No. 137 on the Maplecroft Climate Innovation Indexes Benchmark, the toy and game maker announced Thursday.
Maplecroft hails its indexes as the “single most exhaustive study of the 360 largest U.S.-based multinational companies and how they manage and adapt to climate change.”
The Bath, U.K.-based global risk and strategic consulting firm pays special attention to how the companies use innovation to solve climate-related challenges.
The CIIs have “revealed a positive relationship between climate innovation and the financial performance of companies,” according to the Maplecroft website.
Hasbro’s corporate social responsibility initiatives highlighted by the Maplecroft report included its target to reduce greenhouse gas emissions by 10 percent from a 2008 baseline by 2012.
The Pawtucket-based company successfully achieved this target in 2010.
Hasbro also achieved certification to the International Environmental Management System standard ISO 14001 at its two manufacturing factories.
The Maplecroft CII considers U.S. stocks with free-float market capitalization of more than $1 billion and each company is rated against more than 100 performance-based criteria, including technological innovation, management of climate-related issues and the reduction of greenhouse gas emissions.
PBN is now accepting applications for its newest award program and event for RI & Bristol County to celebrate the Manufacturing Renaissance that is evolving regionally and across the country. The deadline for applications is March 20th.
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.