World’s Most Sustainable Companies of 2024: A TIME and Statista Analysis

TIME, in collaboration with data firm Statista, unveiled its inaugural ranking of the world’s most sustainable companies for 2024, applying a rigorous and data-driven methodology emphasizing genuine environmental commitments and measurable progress.

Methodology Highlights

• Climate Commitments: Companies were evaluated based on signing respected climate programs, notably the Science Based Targets initiative (SBTi) aligned with the 1.5°C global warming limit.
• Emission Standards: Assessment included Scope 1 (direct) and Scope 2 (indirect from purchased energy) emissions, energy consumption relative to company size, and emission reductions during 2021 and 2022.
• Renewable Energy Usage: The proportion of renewable energy powering operations was a key factor.
• Transparency: High scores from CDP (formerly Carbon Disclosure Project) were essential.
• Sustainability Integration: Preference was given to companies embedding sustainability into their core business models.

Leading Companies and Industry Diversity

• Schneider Electric (France) tops the list with a score of 88.86/100. This energy management firm targets carbon neutrality by 2025, maintains a 12-year streak of “A” climate scores from CDP, reduces emissions across its supply chain, and facilitates customers’ sustainability efforts.
• Moncler (Italy), ranked third, exemplifies sustainable fashion by using recycled materials, recycling over 80% of nylon scraps in 2023, and sourcing 100% renewable energy for offices, stores, factories, and logistics hubs.
• Illumina (USA), in fifth place, illustrates sustainability in biotech by launching a powerful gene sequencer alongside a 90% reduction in packaging waste compared to its predecessor.
• Notably, many top-ranking firms operate in sectors like banking, technology, and consulting, proving sustainability is achievable even beyond traditional manufacturing.

Key Takeaway

While the leading company’s score underlines notable progress, it also signals the ongoing challenge for businesses worldwide to achieve true sustainability. The comprehensive list features the top 500 companies globally committed to impactful environmental stewardship.

For full details and to explore the complete list of the 500 most sustainable companies, visit TIME’s official publication.

Source: TIME Staff, “World’s Most Sustainable Companies of 2024,” TIME USA, LLC, 2024.

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