A press release for this report above summarizes the findings:

Carbon Clean 200 Companies Outperform Dirty Energy by 39%

The 11th cohort of global Clean200 leaves dirty energy investments in the dust

As You Sow and Corporate Knights today released their 11th update of the Carbon Clean200™, a list of 200 publicly traded companies worldwide leading the way among global peers to a clean energy present and future. These companies generated almost double the returns of the main fossil fuel index from July 1, 2016, to January 15, 2024, despite geopolitical tensions that have favored fossil fuel stocks in the past two years.

The top 10 companies on the list by revenue include Apple, Contemporary Amperex Technology, Tesla, TSMC, and HP. Thirty-five countries are represented in the Clean200, including the U.S. (39), China (23), Japan (18), France (13), and Brazil, Canada, and Germany (10 each).

Key findings include:

• Clean200 companies earned over $2.24 trillion in sustainable revenue during 2022.

• Clean200 companies generated a total return of 103.5%, underperforming the MSCI ACWI broad market index (114.4%) but beating the MSCI ACWI/Energy Index of fossil fuel companies (64.5%) on Total Return Gross — USD Basis from the Clean200 inception of July 1, 2016, to Jan. 15, 2024.

• $10,000 invested in the Clean200 on July 1, 2016, would have grown to $20,346 by Jan. 15, 2024, versus $16,453 for the MSCI ACWI/Energy benchmark for fossil fuel companies.

• The industrial sector accounts for 55 companies on the list, followed by the materials (30), consumer discretionary (29) and information technology (29) sectors.  IT companies had the highest total sustainable revenue, a cumulative total of over $643 billion, and the highest average sustainable revenue per company at $22.2 billion.

• The top 10 companies that contributed the most to the Clean200’s performance over the past year were from Germany (1), the Netherlands (1), and the U.S. (8). They include sustainably-certified tech hardware, high-efficiency HVAC systems, and water quality and wastewater treatment equipment.

“In 2016, we created the Clean200 in response to investors saying, ‘If we divest fossil fuels, there is nothing to invest in,’” said Andrew Behar, CEO of As You Sow and report co-author. “The Clean200 has consistently demonstrated that what we called the ‘clean energy’ future eight years ago is now the clean energy present. This year, the scale and global diversity of leading companies continue to expand and redefine the term ‘cleantech’ to be any company with products and services that will reduce demand for fossil fuels and water.”

Read the whole press release here.