The companies recognized in this list are at the forefront of hashtag#ClimateAction, including participation in the Science Based Targets initiative (SBTi) to achieve the 1.5°C target and score highly in CDP (formerly the Carbon Disclosure Project).
A critical criterion is the commitment to integrate hashtag#sustainability into business models.
Getty Images/Andriy Onufriyenko
For the first time, TIME and data firm Statista have created a rigorous methodology with which to measure the world’s most sustainable companies for 2024.
It’s one thing for a company to give lip service to helping the environment; it’s another for its leaders to make trackable, public commitments to doing better for the planet—and follow through on them.
The companies at the top of the list have signed on to some of the most respected climate programs, including the 1.5°C target from the Science Based Targets initiative (SBTi), and receive high scores from CDP (formerly the Carbon Disclosure Project).
While many companies that ranked highly are in industries that don’t make many physical products—like banking, tech, and consulting—there were companies that showed sustainability is possible even if you make things.
While many companies that ranked highly are in industries that don’t make many physical products—like banking, tech, and consulting—there were companies that showed sustainability is possible even if you make things.
Illumina, the U.S. biotechnology company that’s fifth on the list, recently debuted its most powerful gene sequencer while also reducing packaging waste by 90% from the previous model.
Moncler, the Italian luxury fashion house, ranked third on the list by using recycled materials, recycling more than 80% of its nylon scraps in 2023, and using 100% renewable energy at its directly managed offices, stores, factories, and logistics hubs.
“While we take pride in this achievement, we are aware much remains to be done,” said Remo Ruffini, chairman and CEO of Moncler S.p.A, when the company was named to the Dow Jones Sustainability Indices in 2023.
You can learn more about this award here…
Source – TIME
