https://www.leafscore.com/blog/top-10-publicly-traded-companies-fighting-climate-change-in-2021/

The Top 10 Publicly Traded Companies Fighting Climate Change in 2023

There’s no denying the facts. Climate change is real, and it poses an existential threat to life as we know it. While making changes towards sustainability in your own life certainly makes a difference, the actions of publicly traded corporations are responsible for some of humanity’s most significant environmental impacts. In other words, the money in your investment profile might affect our planet’s future more than you realize.

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The United States passed its first ever climate bill, the Inflation Reduction Act, in 2022.

Although the IRA has a decidedly consumer focus with its solar and EV incentives, here, we’ll look at some of the actions taken by publicly traded companies for the environment and assess which ones are taking steps towards fighting climate change.

#1. Alphabet

As the parent of Google, Alphabet is a giant in the tech world and an industry leader for environmental sustainability. The company became carbon neutral in 2007, and ten years later, it became the first company of its size to match its total electricity consumption with renewable energy.

Alphabet is the world’s largest corporate buyer of renewable energy, which includes more than 50 projects totaling 5.5 GW of renewable energy projects under contract worldwide. This accounts for an annual deficit of approximately five million tons of carbon dioxide in the atmosphere.

By 2030, Alphabet plans to become the first major company to operate full-time on carbon-free energy. It plans to do so by continuing to invest in renewable energy generation and storage technologies that can also benefit other businesses.

#2. Beyond Meat

Our current appetite for meat is spelling doom for the planet, so Beyond Burger is developing faux-meat products from plant-based ingredients that satisfy even picky palates. The company has seen a business boom in recent years as its meat-free burgers have entered restaurants and grocery stores.

Each product offers plant-based nutrition through ingredients such as pea protein, coconut oil, and canola oil, which have a smaller environmental impact than conventionally raised meat and dairy.

A peer-reviewed Life Cycle Analysis from the University of Michigan assessed the Beyond Burger’s environmental impact compared to a standard quarter pounder. The study determined that the Beyond Burger required 99% less land, 93% less land, 46% less energy, and produced 90% fewer greenhouse gas emissions compared to its cow counterpart.

As plant-based diets continue to gain appeal, companies like Beyond Burger are expected to continue growing their market share.