tens of thousands of workers since January. But the world’s biggest tech companies are also the ones doing best for investors, employees, and the planet. Microsoft, Apple, Alphabet and Meta Platforms were the top four companies in new statistical ranking of 750 of the world’s best companies byand TIME, which are based on a formula of revenue growth, employee-satisfaction surveys, and rigorous environmental, social, and corporate governance data.
Tech companies performed well, alongside IT and consulting firm Accenture and financial-services company American Express, in part because their carbon emissions are so much lower than other types of companies with significant physical footprints like airlines, hotels, or big manufacturers.
Microsoft, for example, the top company in the global rankings, made $72 billion in its most recent fiscal year, a 63% increase from 2020, while also reducing overall emissions by 0.5%. In its most recent annual report, it also said that both racial and ethnic minority and women employees in the U.S. earned more, on average, than their counterparts who are men.
Accenture, based in Dublin, had the highest ESG ranking of any company on the list. The company has committed to reaching net-zero emissions by 2025, and has significantly reduced its emissions since 2019. Its CEO, Julie Sweet, is female, as are half of the members of its board of directors. “This is not a walk in the park,”in 2020, about advancing gender diversity. Accenture’s employees are now 47% women, it said in its most recent annual report, and it intends to achieve gender parity by 2025.
The rankings show just who dominates the world economic order, with fast-moving tech and business-services companies unseating the manufacturers and consumer-goods companies that once drove the global economy. The world’s best companies of 2023 can make things, like their forefathers did, while their employees, shareholders, and the planet profit, too.
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