In an era marked by climate challenges and a shift towards stakeholder capitalism, the balance between financial growth and environmental responsibility is more vital than ever. Yet many business leaders remain trapped in the belief that sustainability comes at the cost of profitability. John Sterman, co-director of MIT’s Sustainability Initiative, describes this as a “false dichotomy,” emphasizing that businesses can indeed thrive while protecting the environment.
A unique methodology to measure impact
To identify companies excelling in both financial performance and environmental responsibility, TIME and Statista devised a robust methodology. Beyond strong revenue growth and profitability, companies were assessed on key sustainability metrics, including carbon footprints (across Scope 1, 2, and 3 emissions), water consumption, waste production, and the use of green energy.
The result is a distinctive list of 500 companies that diverges from traditional rankings like the Fortune 500. Remarkably, corporate giants such as Apple, Amazon, Samsung Mobile, and Microsoft did not qualify, falling short due to either insufficient financial growth or significant environmental impacts during the evaluation period of 2021 to 2023. Notably, no network operators made the list. While entering this list wasn’t the sole objective, greater emphasis on trade-ins and selling used devices could have significantly boosted their chances. For operators, 2025 should mark the year to prioritize and achieve meaningful sustainability.
Unfamiliar names take the lead
Unlike conventional rankings, the list highlights lesser-known players. Spanish renewable energy firms Solaria Energía y Medio Ambiente and Grenergy Renovables claimed the top two spots, thanks to their 100% renewable energy operations and minimal carbon emissions. U.S.-based companies account for only 117 entries, with a focus on midsize firms generating annual revenues between US$1 billion and US$ 10 billion.
While smaller organizations dominate, prominent names like Mastercard, Visa, BMW Group, and Coca-Cola managed to secure positions, demonstrating that even large corporations can make strides toward
sustainability. But the tech industry is failing.
The business case for sustainability
Sustainability is no longer just an ethical imperative; it’s a smart business strategy. Tensie Whelan, director of NYU Stern’s Center for Sustainable Business, highlights the financial benefits of sustainable practices, including cost reductions, improved supplier relationships, and innovation opportunities. Whelan argues that embedding sustainability into operations is not just about doing the right thing but also about ensuring long-term profitability and resilience.
Market
Trade-in
Repair
