{"id":5784,"date":"2024-11-27T14:15:00","date_gmt":"2024-11-27T14:15:00","guid":{"rendered":"https:\/\/ambipar.com\/uk\/news\/time-lists-companies-that-combine-growth-with-sustainability-and-three-brazilian-firms-rank-in-the-top-10\/"},"modified":"2024-11-27T14:15:00","modified_gmt":"2024-11-27T14:15:00","slug":"time-lists-companies-that-combine-growth-with-sustainability-and-three-brazilian-firms-rank-in-the-top-10","status":"publish","type":"noticia","link":"https:\/\/ambipar.com\/uk\/news\/time-lists-companies-that-combine-growth-with-sustainability-and-three-brazilian-firms-rank-in-the-top-10\/","title":{"rendered":"TIME lists companies that combine growth with sustainability, and three Brazilian firms rank in the TOP 10"},"content":{"rendered":"\n

The ranking highlights that businesses cannot thrive economically in an unhealthy environment (Galeanu Mihai\/Getty Images).<\/p>\n\n\n\n

Odontoprev, AES Brasil, and Arezzo&Co are featured in the new ranking that considers not only environmental, social, and governance (ESG) metrics but also financial performance.<\/p>\n\n\n\n

Can a company be both sustainable and profitable?<\/strong> The answer is yes, and this new TIME Magazine Ranking<\/strong> aims to break the often mistaken notion held by executives. Beyond environmental, social, and governance (ESG)<\/strong> metrics, the list of 500 companies worldwide<\/a> released this Wednesday (27) also considered financial performance<\/strong> \u2014 emphasizing that “no economy thrives in an unhealthy environment.”<\/p>\n\n\n\n

In first and second place are two renewable energy giants: the Spanish Solaria Energ\u00eda y Medio Ambiente and Grenergy Renovables, both leaders in solar photovoltaic generation.<\/strong> A total of 44 Brazilian companies were recognized, with three making the TOP 10<\/strong>: Odontoprev (6th), in health plans, AES Brasil (7th), in energy, and retailer Arezzo&Co (9th).<\/p>\n\n\n\n

According to TIME, half of the awarded companies are not present in its other recent lists, such as the best companies or the world’s most sustainable companies<\/a>. This includes tech giants like Apple, Amazon, and Microsoft<\/strong>, which either did not grow enough or lacked a significant environmental impact<\/strong> in the analysis period. <\/p>\n\n\n\n

This time, only 117 of the 500 listed and 7 of the top 20 are based in the US. Moreover, mid-sized companies with annual revenues between $1 billion and $10 billion represent about 70% of the list. However, this does not exclude larger companies: Mastercard (10th), Visa (12th), BMW Group (253rd), and Coca-Cola (325th) also feature. <\/p>\n\n\n\n

John Sterman, a professor at MIT’s Sloan School of Management, stated in the release that there is a widespread belief that it is not always possible to add value through green practices. <\/strong>“People are deeply entrenched in a trade-off mindset: growth versus green, jobs versus the environment. These are false dichotomies<\/strong>,” he emphasized. <\/p>\n\n\n\n

Tensie Whelan, a professor at NYU Stern School for Business, added that more leaders are incorporating sustainability to help drive growth<\/strong>. “Time and again, we see enormous financial benefits<\/strong>.”<\/p>\n\n\n\n

The methodology, developed in partnership with Statista, analyzed both revenue growth and profitability compared to industry peers, as well as the carbon footprint<\/strong> and Scope 1, 2, and 3 emissions<\/strong> of operations. Additionally, factors like low water consumption, waste production rates, and the use of renewable energy<\/strong> were evaluated. <\/p>\n\n\n\n

Check out the recognized Brazilian companies:<\/strong><\/h3>\n\n\n\n

6th \u2014 Odontoprev \u2014 Insurance, Health, and Social Services
7th \u2014 AES Brasil \u2014 Utilities
9th \u2014 Arezzo&Co \u2014 Apparel, Footwear, and Sporting Goods
17th \u2014 Grupo Fleury \u2014 Insurance, Health, and Social Services
22nd \u2014 PagBank \u2014 Banking and Financial Services
36th \u2014 Hypera \u2014 Chemicals, Pharmaceuticals, and Biotechnology
38th \u2014 BTG Pactual \u2014 Banking and Financial Services
48th \u2014 Lojas Renner S.A. \u2014 Apparel, Footwear, and Sporting Goods
60th \u2014 Localiza \u2014 Hospitality, Travel, and Leisure
70th \u2014 RaiaDrogasil \u2014 Retail, Wholesale, and Consumer Goods
77th \u2014 TIM Brasil \u2014 Telecommunications Services
83rd \u2014 Ambipar \u2014 Business Services and Supplies<\/strong>
93rd \u2014 Vivo (Telef\u00f4nica Brasil) \u2014 Telecommunications Services
96th \u2014 Sendas Distribuidora \u2014 Retail, Wholesale, and Consumer Goods
116th \u2014 COPASA \u2014 Utilities
120th \u2014 Grupo EcoRodovias \u2014 Resource Generation and Infrastructure Sector
147th \u2014 Ita\u00fa Unibanco \u2014 Banking and Financial Services
154th \u2014 Banco PAN \u2014 Banking and Financial Services
158th \u2014 Grupo Vamos \u2014 Transportation, Logistics, and Aviation
170th \u2014 S\u00e3o Martinho \u2014 Food and Beverages
178th \u2014 Santos Brasil \u2014 Transportation, Logistics, and Aviation
195th \u2014 Banco do Brasil \u2014 Banking and Financial Services
199th \u2014 Ra\u00edzen \u2014 Utilities
218th \u2014 Movida Aluguel de Carros \u2014 Hospitality, Travel, and Leisure
235th \u2014 Log-In Log\u00edstica Integrada \u2014 Transportation, Logistics, and Aviation
236th \u2014 AgroGalaxy \u2014 Food and Beverages
242nd \u2014 M. Dias Branco \u2014 Food and Beverages
247th \u2014 Grupo SOMA \u2014 Apparel, Footwear, and Sporting Goods
276th \u2014 MRS Log\u00edstica S.A. \u2014 Transportation, Logistics, and Aviation
302nd \u2014 Marfrig Global Foods \u2014 Food and Beverages
326th \u2014 MRS Log\u00edstica S.A. \u2014 Transportation, Logistics, and Aviation
331st \u2014 Natura Cosm\u00e9ticos \u2014 Retail, Wholesale, and Consumer Goods
334th \u2014 ISA CTEEP \u2014 Utilities
347th \u2014 Grupo CCR \u2014 Transportation, Logistics, and Aviation
349th \u2014 JSL S.A. \u2014 Transportation, Logistics, and Aviation
373rd \u2014 Mitre Realty \u2014 Professional Services
409th \u2014 Arcos Dorados \u2014 Hospitality, Travel, and Leisure
420th \u2014 Rumo \u2014 Transportation, Logistics, and Aviation
423rd \u2014 Banco Bradesco \u2014 Banking and Financial Services
427th \u2014 CEMIG \u2014 Utilities
434th \u2014 Grupo Energisa \u2014 Utilities
449th \u2014 Santander Brasil \u2014 Banking and Financial Services
469th \u2014 Ambev \u2014 Food and Beverages
482nd \u2014 EZTEC \u2014 Resource Generation and Infrastructure Sector<\/p>\n\n\n\n