AMD named as clean capitalism company

AMD has been named by Corporate Knights on its inaugural list of the S&P 500 Clean Capitalism Ranking.

According to Corporate Knights, “clean capitalism” is “responsible, resource-productive and socially just”, employs a transparent, quantitative methodology to compile its ranking, evaluating factors such as energy and carbon productivity, leadership diversity and employee turnover.

All this is pretty important from a business perspective. There are fund managers which sell packages to people claiming that they only invest in ethical businesses.

We would have thought most pure capitalists think ethics is a place just outside London, but AMD assures us that it is possible to be capitalised and live in Essex.

Allyson Peerman, corporate vice president, AMD Public Affairs said worldwide stakeholders should celebrate their commitment to a company that “walks the talk”.

AMD was also recognised recently by Trust Across America, a think tank dedicated to promoting and recognising trustworthy business behaviour and was named as the Top Ten Most Trustworthy Public Companies for 2011.