Apple tops ranking of Global companies with the most ‘green’ revenue Grace O’Donnell reported to yahoo.
While reporting, she noted that Investors don’t need to look hard to find sustainable companies commanding decent returns, a recent report found.
As a matter of fact, the 2023 Clean 200 from nonprofit shareholder activist As You Sow and research firm Corporate Knights leveraged the Corporate Knights Sustainable Economy Taxonomyto rank the top 200 publicly-traded companies, out of a pool of 6,720 global firms, “based on rigorous assessment of the amount of revenue each company earns from products and services.”
With all clear sense, this was no doubt that Apple (AAPL) topped the list with $259 billion in sustainable revenue, with an estimated 71% of the tech giant’s revenue coming from sustainable sources, after not even making the list two years ago.
Google-parent Alphabet (GOOG, GOOGL) ranked second with $228.7 billion in clean revenue, followed by Deutsche Telekom AG (DTE.DE) ($89 billion), Verizon Communications (VZ) ($80 billion), and Tesla (TSLA) ($53 billion).
“The spread of the great transition that we’re in the middle of is spreading out even further globally — that every country in the world will soon have major companies making major money employing major numbers of people as part of this global transformation,” As You Sow CEO Andrew Behar told Yahoo Finance.
What began in 2016 as a list of companies leading in clean energy has since expanded to encompass revenue that meets a range of sustainability certifications from electric vehicles to sustainable loans. The list excludes companies with exposure to controversial business practices such as investments in fossil fuels, weapons, and prisons or otherwise “having a record of systemically obstructing climate policy.”
“These are the companies that are leading the way by putting sustainability at the heart of their products, services, business models and investments, helping to move the world onto a more sustainable trajectory,” the report stated.
This year’s Clean 200 list also spanned 35 countries, with the most companies listed in the U.S., China, and Japan. And with the exception of energy, there was broad sector representation: Industrials companies were prevalent as were information technology, materials, and utility companies.
“It’s not just clean energy,” Toby Heaps, CEO of Corporate Knights, told Yahoo Finance. “It’s the entire economy, from Google’s advertising that comes from sustainability-focused companies to plant-based milks.”
