World’s Most Sustainable Companies of 2024: Key Insights from TIME

In 2024, TIME, in collaboration with data firm Statista, unveiled a rigorously vetted list of the world’s most sustainable companies. This comprehensive ranking highlights enterprises that move beyond mere environmental pledges to make transparent, measurable commitments with verifiable results.

Methodology: The Backbone of Credibility

TIME and Statista developed a stringent evaluation framework incorporating:

• Alignment with respected climate initiatives, notably the Science Based Targets initiative (SBTi) aiming for a 1.5°C global temperature rise limit.
• High scores from CDP (formerly Carbon Disclosure Project) for climate transparency.
• Scrutiny of Scope 1 (direct) and Scope 2 (indirect) emissions relative to company size.
• Emissions reduction progress recorded in 2021 and 2022.
• The share of renewable energy in overall operations.

Sustainability integration into core business models was a critical factor distinguishing top performers.

Spotlight on Leading Companies

Schneider Electric (France) – #1 on the List

Schneider Electric leads with a TIME sustainability score of 88.86 out of 100. The French energy management software and services company is carbon neutral by 2025 and actively facilitates emission reductions for its clients through its Sustainability Business. It has maintained an “A” climate rating from CDP for 12 consecutive years. CEO Peter W. Herweck describes Schneider as positioned “to be an impact company,” emphasizing measurable sustainability impacts across its entire supply chain.

Moncler (Italy) – Luxury and Sustainability

Ranking third, Italian luxury fashion brand Moncler showcases sustainability in a traditionally resource-intensive industry. In 2023, it recycled over 80% of its nylon scraps, used 100% renewable energy at its offices, stores, factories, and logistics centers, and remains committed to further progress, as noted by CEO Remo Ruffini.

Illumina (USA) – Innovation with Environmental Responsibility

U.S. biotech firm Illumina (ranked fifth) combines cutting-edge gene sequencing technology with environmental sensitivity by reducing packaging waste by 90% compared to previous models.

Industry Diversity on the List

Many top-ranking companies hail from sectors such as banking, technology, and consulting that inherently have smaller physical footprints. However, the presence of manufacturers and fashion houses demonstrates that sustainability is attainable across various industries—even those with traditionally higher environmental impacts.

The Road Ahead

Despite advances, the highest sustainability score by Schneider Electric (88.86/100) signals considerable room for improvement industry-wide. The 2024 ranking of 500 global companies serves as both a recognition of leadership and a call for ongoing commitment.

For businesses and consumers seeking trustworthy insights into corporate sustainability, TIME’s 2024 list offers a valuable benchmark reflecting transparency, accountability, and genuine environmental leadership.

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

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