World’s Most Sustainable Companies of 2024 | TIME

Methodology Behind the Rankings

TIME and Statista built a clear method for 2024. They focused on real, measurable steps to boost environmental care. The groups did not rely on empty claims. They connected ideas tightly so each word links clearly to its neighbor. Key factors are:

• They pair actions with respected climate goals like the Science Based Targets initiative (SBTi) 1.5°C target.
• They use high CDP scores, tracking steady performance over many years.
• They compare Scope 1 (direct) and Scope 2 (indirect) emissions with company size.
• They note emission cuts from 2021 and 2022.
• They measure renewable energy use in operations.
• They check that core business models include sustainability.

Leaders Showcasing Sustainability in Diverse Sectors

Schneider Electric: The Top Performer

Schneider Electric, based in France, leads the 2024 list. It earned a climate score of “A” from CDP for 12 straight years. The company offers energy management software and services. It aims to be carbon neutral by 2025. It helps customers lower emissions and tracks impact along its supply chain. CEO Peter W. Herweck calls it “an impact company.”

Innovative Product Stewardship in Manufacturing and Luxury

• Illumina (U.S.) – Ranked fifth, this biotechnology firm shows sustainable innovation. It launched a gene sequencer that reduces packaging waste by 90% compared to older models.

• Moncler (Italy) – This luxury brand holds the third spot. It uses recycled materials and recycled over 80% of nylon scraps in 2023. It powers all its offices, stores, factories, and logistics centers with 100% renewable energy. Chairman and CEO Remo Ruffini noted that challenges continue. The company also appeared in the Dow Jones Sustainability Indices in 2023. ## The Path Ahead

Schneider Electric scored 88.86 out of 100. Yet, even the best companies must do more to reach full sustainability. The 2024 list shows the world’s 500 most sustainable companies. Their leadership encourages steady steps for environmental care.

Why This Matters

This ranking builds trust and clear accountability. It shows that true sustainability needs measurable action. It acts as a guide for consumers, investors, and industry leaders. The ranking highlights companies that work hard for a greener future.

For the full list and detailed insights, visit TIME’s official 2024 Sustainable Companies feature.

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