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Top 25 Eco-Friendly Companies in 2024
Meerub Anjum
16 min read

In This Article:

In this article, we will look at the top 25 eco-friendly companies in 2024. If you want to skip our detailed analysis, you can go directly to the Top 5 Eco-friendly Companies in 2024.

Environmental, Social, and Governance

July 2024 broke the 175-year record reaching unprecedented levels of global temperatures. According to the National Oceanic and Atmospheric Administration, 2024 is likely to be the hottest year on record, beating 2023 which was previously the hottest. This presents a stark reminder that the accumulation of greenhouse gases in our environment is leading to global warming and is changing the climate.

Environmental, Social, and Governance (ESG) is a framework used to assess corporate performance across key factors regarding the environment, society, and corporate governance. It is becoming crucial for businesses seeking long-term success and circularity. KPMG highlights that companies must integrate ESG into their core strategies to excel sustainably. As regulations become more stringent, companies face higher pressure to improve transparency and accountability in their ESG practices. For instance, the EU's Corporate Sustainability Reporting Directive, which came into existence in January 2023, requires all large and publicly listed companies to reveal risks and opportunities associated with social and environmental issues and their impact on the environment and people.

READ ALSO: 15 Countries at Risk of Climate Disaster and 20 Countries with the Most Carbon Dioxide Emissions Per Capita

Corporate's Sustainable Performance

Greenhouse gases are on the rise despite global pledges to reduce them. Climate crises are escalating continuously, but the progress toward carbon neutrality is rather sluggish. However, there seems to be some progress as corporate leaders are increasing their investments in sustainable solutions signifying their commitment to green transition, according to the 2024 report by Corporate Knights.

While many companies, particularly in the fossil fuel and banking sectors, remain immune to major changes, the leaders are doubling down on sustainability. The top-ranked firms in the 2024 Global 100 allocated 55% of their investments to sustainable projects, up from 47% the previous year. The global 100 companies are investing more in energy efficiency, renewable energy, and sustainable solutions compared to the broader publicly listed companies with more than $1 billion in annual revenue. Moreover, these companies earned 51% of their revenues from sustainable sources, higher than the 16% average. Sustainable investments play a pivotal role in the transition to a low-carbon economy.

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