Toyota, Siemens and Johnson Controls head a new list of the top 200 world companies ranked by their total clean energy revenues, with Chinese firms accounting for more than a third of the total.
The ‘Carbon Clean 200’ ranking (Clean200), developed by Canadian media and research company Corporate Knights and US-based non-profit organization As You Sow on the basis of data from Bloomberg New Energy Finance (BNEF), aims to identify “which companies currently are profiting from making the decision to participate in the clean transition and what is the best way to spot them”.
The ranking, which will be updated quarterly, analyses companies with a market capitalization of at least $1 billion and at least 10%’Clean Energy Revenue’ as defined by BNEF. It excludes fossil fuel companies and utilities with less than 50% renewable energy, plus weapons manufacturers, companies that have profited from deforestation and those that engage in child or forced labour, in order to screen for firms that are participating in the energy transition in “a just and equitable way”.
“As an investor, you have the power to bet on and capitalize the creation of the world that you want to see,” the report says. “When people vote with their investment dollars in favour of clean energy over dirty it sends a message as powerful as any ballot box that the time has come to stop using the atmosphere as a free dumping ground.”
The report notes that companies that make a significant amount of their revenue from environmental solutions now make up 5% of global investment indices, and that the Clean200 companies have a collective value of more than $1 trillion.
The ranking is not intended to be a stock recommendation or index and does not constitute formal investment advice.
The listing includes companies from 26 countries. The top 20 companies in the ranking are as follows:
- Toyota Motor
- Siemens AG
- Johnson Controls
- Schneider Electric
- Panasonic Corp
- Emerson Electric Co
- Vestas Wind Systems
- Philips Lighting
- ABB Ltd
- Koninklijke Philips
The full report can be downloaded here.