World’s Most Sustainable Companies of 2024: TIME’s Definitive Ranking

TIME magazine, in collaboration with data firm Statista, has published its inaugural list of the World’s Most Sustainable Companies of 2024, establishing a new benchmark for corporate environmental responsibility.

Rigorous Methodology Ensures Credibility

Unlike mere pledges, this ranking assesses companies based on measurable environmental commitments and transparent reporting. Criteria include:

• Participation in respected climate programs such as the Science Based Targets initiative (SBTi) 1.5°C target.
• High performance scores from CDP (Carbon Disclosure Project).
• Stringent evaluation of Scope 1 and Scope 2 greenhouse gas emissions relative to company size.
• Verified emissions reductions during 2021 and 2022.
• Proportion of renewable energy utilized in operations.

This approach underscores accountability, tracking direct emissions (Scope 1) and those from purchased energy (Scope 2).

Leading Companies Show Sustainability Integration

Schneider Electric: A Model for Impact

• Ranked #1 globally, Schneider Electric, based in France, exemplifies sustainability leadership in energy management.
• Commits to carbon neutrality by 2025.
• Assists clients in reducing emissions through its Sustainability Business.
• Maintains a 12-year streak of “A” climate scores from CDP.
• Has cut emissions across its supply chain.
• CEO Peter W. Herweck highlights the company’s transformation into an “impact company.”

Notable Others: Innovation in Diverse Sectors

• Moncler (Italy, #3): Luxury fashion brand employing recycled materials, recycling over 80% of nylon scraps in 2023, and sourcing 100% renewable energy for offices, stores, factories, and logistics.
• Illumina (USA, #5): Biotechnology leader reduced packaging waste by 90% while launching a powerful new gene sequencer.

These examples demonstrate sustainability’s applicability across product-heavy and service-oriented industries alike.

The Sustainability Journey Continues

Schneider Electric’s top score was 88.86 out of 100, signaling that even the industry’s frontrunners face challenges ahead to achieve full sustainability. The full list features 500 companies globally, reflecting a wide spectrum of commitments and progress.

Learn More

Explore the complete ranking and methodology details to understand how leading companies are shaping a sustainable future:

• TIME’s official 2024 sustainability report
• CDP annual climate disclosure data
• Science Based Targets initiative progress reports

TIME’s list encourages transparency, ambition, and integration of sustainability at the corporate core—essential for meaningful climate action.

Reported by TIME Staff, 2024

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