OREANDA-NEWS. November 23, 2011. U.S. "Newsweek" published "Green Rankings 2011 of Global 500" in partnership with two global leading environmental research institutions. Baosteel ranked at No. 359, reported the press-centre of Baosteel.

Newsweek is an American weekly news magazine published in New York City and distributed throughout the United States and Canada. Its influence in U.S. is only second to Time magazine. This weekly news magazine has launched the environmental performance assessment of 500 largest listed companies in USA for 3 years in a row. This year the rankings include the large listed companies from each major emerging market including China for the first time. 32 Chinese mainland enterprises entered the "Green Rankings 2011 of Global 500", including 13 financial enterprises and 4 telecommunication enterprises. Bank of China entered the top 100 at No. 92.

The "Green Rankings 2011 of Global 500" published by U.S. "Newsweek" is based on the actual data and facts disclosed by the companies publicly. The overall Green Score of each company is derived from three component scores: an Environmental Impact Score, an Environmental Management Score, and an Environmental Disclosure Score; weighted at 45 percent, 45 percent, and 10 percent, respectively. Among which, Environmental Impact Score is based on industrial data compiled by the professional company to assess the overall environmental impact of a company's global operations.

This set of comprehensive, quantitative, and standardized measurement consists of more than 700 metrics—including emissions of nine key greenhouse gases, water use, solid waste disposal, etc. for 464 industry sectors. Based on an qualitative analysis on the global information platform by the professional company, the Environmental Management Score is an assessment of how a company manages its environmental performance through policies, programs, targets, certifications, and the like. Environmental Disclosure Score evaluates the breadth and quality of company environmental reporting of their material impacts, as well as company involvement in key transparency initiatives such as the Global Reporting Initiative and Carbon Disclosure Project, etc.