Toyota and Tesla Lead New List of World’s Top Green Companies
A new list of the world’s top green companies called Carbon Clean200 was released this week with Toyota in the lead.
The top five companies in the inaugural Clean200 were Toyota, Siemens, Johnson Controls, Schneider Electric, and Panasonic. The only other automaker to make the list was Tesla, ranked 17th overall.
China and the United States were the most strongly represented nations on the list, with 66 and 40 showings, respectively. More than 70 of the companies on the list receive a majority of their revenue from clean energy, showing that going green may not be as financially disadvantageous as some would have you believe; in fact, the world’s greenest large companies are outperforming their dirtier counterparts by as much as three to one.
Clean200 ranks the biggest 200 public companies by green energy revenues. It automatically excludes the top 100 coal companies measured by reserves, top 100 weapons producers, as well as oil and gas companies and utilities that make less than 50% of their power from green sources, and companies that are lagging behind on child or forced labor, tropical deforestation, or that lobby against climate change or clean energy. Companies must also have a market capitalization of at least $1 billion and generate 10% of their revenues from clean sources to be eligible.
Traveling with Pets: 3 tips you should follow to keep them (and you) happy
The list marks the inaugural effort of As You Sow, a nonprofit that promotes environmental and social corporate responsibility, and market research firm Corporate Knights. They plan to update the list quarterly alongside a Carbon Underground200 report that lists the top fossil fuel companies in the world.
Comparing the Clean200 and Underground200 lists shows that the companies listed in the former achieved a simulated annualized return of nearly three times that of the latter over the same period.
“The Clean200 nearly tripled the performance of its fossil fuel reserve-heavy counterpart over the past 10 years, showing that clean energy companies are providing concrete and measurable rewards to investors,” said Toby Heaps, CEO of Corporate Knights and report co-author.
The goal of the Clean200 list is to show investors where to place their money, while the Underground200 shows the companies investors ought to avoid—not just because they aren’t clean, but also because because they simply aren’t good investments compared to green companies.
Buying Certified: What’s the big deal, anyway?
The News Wheel is a digital auto magazine providing readers with a fresh perspective on the latest car news. We’re located in the heart of America (Dayton, Ohio) and our goal is to deliver an entertaining and informative perspective on what’s trending in the automotive world. See more articles from The News Wheel.