Clean200 list of global companies released

Corporate Knights released the 2021 edition of its annual Clean200 list of publicly traded companies on February 18  –  a list of global companies with total revenues over $1 Billion annually, ranked by green energy revenues.  According to the press release:  “The Clean200 utilizes Corporate Knights Clean Revenue database which tracks the percent of revenue companies earn from clean economy themes including energy efficiency; green energy; electric vehicles; banks financing low-carbon solutions; real estate companies focused on low-carbon buildings; forestry companies protecting carbon sinks; responsible miners of critical materials for the low-carbon economy; food and apparel companies with products primarily made of raw materials with a significantly lower carbon footprint; and Information and Communications Technology (ICT) companies that are leading the way on renewable energy while also being best-in-sector according to currently accepted privacy benchmarks.”   Certain companies are automatically excluded from consideration: weapons and  military arms manufacturers, palm oil, paper/pulp, rubber, timber, beef and soy producers (as identified by As You Sow’s Deforestation Free Funds), as well as companies using child or forced labour, and companies that engage in negative climate lobbying.

According to the introductory article : “On average, 39% of revenues earned by Clean200 companies are classified as clean, which the majority of other revenues classified as neutral, compared to just 8% clean revenue for their peers.” Notably, the Clean200 companies also outperform others financially.  Forty-six of the 200 Clean companies are headquartered in the United States; followed by Japan (26), China (17), France (15), and Canada and Germany (8 each). The top performing company is Alphabet Inc., parent company of Google,  with 83.33% percent green revenue for 2019.  For Canada, the list includes the Canadian Pacific and Canadian National Railways as well as Bombardier, Cascades Inc., Canadian Solar, Telus, Hydro One, and Brookfield Renewable Partners.