If you are interested in such things, you've probably read many articles and reports on which companies are the greenest, which are guilty of greenwashing, etc. Well, as reported in this month's Corporate Knights, here's another one, with a slightly different focus.
The Carbon Clean 200 list is compiled by Corporate Knights and California not-for-profit As You Sow, and it ranks the top 200 clean companies, out of a global pool of 8,000 large publicly-listed companies, based on their total "clean" (i.e. socially and environmemtally responsible) revenues. It's a bit of a fraught calculation, but may give people a good idea of where to put some of their investment money, especially given that many so-called green investment funds and indexes are actually pretty unreliable.
Anyway, for what it's worth, Google parent company Alphabet Inc tops the list again this year with a huge US$135 billion in clean revenue in 2019 (accounting for 83% of its total revenues), followed by German industrial giant Siemens (US$56 billion, 44% of total revenues), Taiwan IT firm TSMC (US$46 billion, almost 61% clean), Germany's SAP (US$34 billion, almost 84% clean), and Spanish electrical utility Iberdrola (US$32 billion, about 62% clean). Tesla placed ninth, if you are imterested. The top-placed Canadian companies were Canadian National Railway Co and Canadian Pacific Railway Co (Nos. 35 and 62 respectively), followed by Bombardier (80), Cascades (86), Canadian Solar Inc (105), and Telus (167).
The top 200 companies represent thirty different countries, of which the USA accounts for 46, Japan 26, China 17, France 15, Germany 8 and Canada 8. On average, about 40% of the revenues of the top 200 companies are classified as "clean" (with the majority of other revenues classified as neutral), compared to about 8% for the other companies.
So, nevet let it be said that there is nowhere worthwhile to park your investment money.
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