Tuesday, April 24, 2007

Green Gadgets

Environmentally friendly companies are in vogue this year as investors try to play the new eco-consciousness among politicians and citizens alike. Outside solar panel manufacturers and biofuel producers, what companies make a good environmental play?

Now investors can get help answering that question with a new guide from
Greenpeace International. Nokia (NOK: NYSE) and Dell, Inc. (DELL: Nasdaq) were named two of the most environmentally friendly electronics manufacturers. Hewlett Packard (HPQ: NYSE) and Sony Corporation (SNE: NYSE) are in third and fourth places. The rest of the list can be found on the Greenpeace website.

The ranking is heavily dependent upon a score for the dumping of toxic waste from manufacturing processes or from abandonment of an electronics product. Greenpeace is lobbying electronics manufacturers to clean up their products by eliminating hazardous substances and to clean up the environment by recycling obsolete products.

Whether this approach yields a strong investment is another question. We believe it will be a long time in coming before companies can demonstrate any meaningful benefit from cleaning up their products. In the meantime, investors can ride the wave of environmental consciousness and perhaps reaps some rewards along the way.

Neither the author of the Small Cap Copy web log, Crystal Equity Research nor its affiliates have a beneficial interest in the companies mentioned herein.

No comments: