Clean Energy Companies Report 30% Higher Profits

Clean Energy Companies Generate 30% Higher Returns Than Fossil Fuel Counterparts Companies operating in clean energy and technology sectors globally have been found to generate 30% higher returns compared to their fossil fuel equivalents. According to the Clean200 list, created by the nonprofit organization "As You Sow" and magazine "Corporate Knights" working in sustainability sectors and featuring 200 publicly traded companies pioneering the clean energy transition, these companies achieved a total company value increase of 91.2% from 1 July 2016 to 31 January 2023, outperforming the MSCI ACWI broad market index and fossil fuel index. During this period, the MSCI ACWI/Energy Index composed of fossil fuel companies generated a return of 61.3%. Thus, clean energy companies provided 30% higher returns compared to fossil fuel companies over the same period. The top 10 best-performing companies among Clean200 came predominantly from China, the United States, South Korea and Sweden. Among these companies prioritizing clean energy use and technologies, Apple Inc ranks first, followed by web mapping platform Alphabet Inc, Deutsche Telekom Ag, Verizon Communications Inc, Tesla Inc, Agricultural Bank of China, TSMC which produces energy-efficient microchips, Iberdrola SA, HP Inc and electrical battery systems company Contemporary Amperex Technology. As You Sow Chief Executive Andrew Behar, commenting on the report, stated that in 2016 they created Clean200 in response to investors' belief that "if we divest from fossil fuels, there will be nothing left to invest in," adding "We will continue to track and share the emergence of this economic power center. There is clear financial evidence showing a broad range of companies defining this economic transformation as moving away from an extractive economy towards a regenerative economy based on justice and sustainability. The employment growth and resilience demonstrated by these companies represent our greatest hope for controlling climate change and reaching a safe, fair and sustainable world for all." he said. Corporate Knights Chief Executive Toby Heaps stated that even after a bright year for fossil fuel stocks, Clean200's sustained superior performance over fossil fuel and blue-chip benchmarks for over 6 years is highly meaningful. In Clean200, where 42% are US companies, 21% Chinese, 16% Japanese, 12% Canadian and 11% French, companies from 35 countries are represented. Source: (AA)