The 100 most sustainable companies of 2025

If there’s one thing the private sector craves most from government, it’s clear, stable policies. But in the coming year, many businesses will have no such luck as they navigate major changes to the global tax and regulatory environment that has been encouraging investment in more sustainable technologies and practices.

While the new U.S. president will be taking aim at legislation that resulted in nearly US$300 billion in private-sector investments in clean energy, battery manufacturing and clean power generation, most business leaders recognize that concerns about a worsening climate crisis will grow regardless of shifting political winds. The costly impacts of climate change and, more than anything, the declining costs of low-carbon technologies continue to drive investment in solutions.

Corporate Knights’ Global 100 ranking of the world’s most sustainable firms, now in its 21st year, shows that the top firms continue to increase their investment in the green transition. Even with higher interest rates in recent years, leading corporations have expanded their sustainable investments, which has resulted in a growing share of income being derived from sustainable revenue sources.

“We’re finding that growth in sustainable revenues is outpacing all other revenues,” says Toby Heaps, co-founder and CEO of Corporate Knights. “Over the last five years for major global public companies, sustainable revenues are growing twice as fast as other revenues, and they now represent over $5 trillion of annual revenues for the 3,000 biggest companies that we track.”

“With sustainable investment, it’s the same story,” Heaps says. “Sustainable capital expenditure is growing twice as fast as all other capex.” That green investment is key to a more sustainable future, telling us where companies are going as opposed to where they currently derive their revenues.

The firms in the 2025 Global 100 ranking allocated 58% of their investments to sustainable projects in 2023, up from 55% in the prior year. That figure compares with sustainable investments of just 15% for the 8,259 other publicly traded companies with revenues of more than $1 billion in the Global 100 universe.

2025 Global 100

2025 Rank	2024 Rank	Company	Headquarters	Peer group	Carbon productivity	% Taxes paid	CEO–average worker pay ratio	% Gender-diverse board directors	% Sustainable revenue	% Sustainable investment	Final grade	Climate commitments
1	7	Schneider Electric SE	Rueil-Malmaison, France	Electrical equipment mfg	$285,876	18%	70:1	50%	74%	79%	A+	1.5°C, SBTi
2	1	Sims Ltd	Mascot, Australia	Waste management	$46,412	14%	49:1	38%	100%	100%	A
3	3	Vestas Wind Systems A/S	Aarhus, Denmark	Machinery mfg	$226,700	21%	81:1	45%	100%	100%	A	1.5°C, SBTi
4	2	Brambles Ltd	Sydney, Australia	Furniture & general mfg	$202,193	13%	67:1	44%	100%	100%	A	1.5°C, SBTi
5	4	Taiwan High Speed Rail Corp	Taipei, Taiwan	Transit & ground transportation	$11,294	0%	6:1	20%	100%	100%	A
6	10	SMA Solar Technology AG	Niestetal, Germany	Semiconductor & electronic components mfg	$1,048,202	0%	24:1	33%	100%	100%	A-	SBTi
7	18	Alstom SA	Saint-Ouen, France	Non-road transport equipment mfg	$204,115	0%	30:1	38%	99%	84%	A-	SBTi
8	9	Stantec Inc	Edmonton, Canada	Business, engineering & personal services	$316,923	14%	63:1	50%	60%	82%	A-	1.5°C, SBTi
9	17	Ørsted A/S	Fredericia, Denmark	Power generation	$7,907	12%	25:1	38%	76%	97%	A-
10	14	Enphase Energy Inc	Fremont, U.S.	Semiconductor & electronic components mfg	$140,492	7%		14%	100%	100%	A-
11		Voltronic Power Technology Corp	Taipei, Taiwan	Electrical equipment mfg	$121,879	17%		38%	100%	100%	A-
12		LG Energy Solution, Ltd	Seoul, South Korea	Battery mfg	$29,486	17%		29%	100%	100%	A-
13	50	NIO Inc	Shanghai, China	Cars & trucks mfg, including parts	$104,266	1%		13%	100%	100%	A-
14	34	First Solar Inc	Tempe, U.S.	Semiconductor & electronic components mfg	$4,211	0%		25%	100%	100%	B+	1.5°C, SBTi
15		Signify NV	Eindhoven, Netherlands	Electrical equipment mfg	$72,943	10%	37:1	43%	85%	62%	B+	1.5°C, SBTi
16	5	Nordex SE	Hamburg, Germany	Machinery mfg	$193,952		19:1	33%	100%	100%	B+	1.5°C, SBTi
17	6	Banco do Brasil SA	Brasília, Brazil	Banks	$6,552,580	3%	7:1	50%	12%	N.A.	B+	1.5°C, SBTi
18	28	ERG SpA	Genoa, Italy	Power generation	$1,985	10%	61:1	33%	83%	100%	B+	1.5°C, SBTi
19	42	Yadea Group Holdings Ltd	Wuxi, China	Non-road transport equipment mfg	$60,927	12%	34:1	38%	100%	100%	B+
20	24	United Utilities Group PLC	Warrington, U.K.	Water & sewage treatment	$21,139	2%	21:1	44%	51%	100%	B+	1.5°C, SBTi
21		Engie Brasil Energia SA	Florianópolis, Brazil	Power generation	$19,078	7%	12:1	22%	98%	97%	B
22	44	Maxeon Solar Technologies Ltd	Singapore, Singapore	Semiconductor & electronic components mfg	$6,951	11%		0%	100%	100%	B
23	43	Li Auto Inc	Beijing, China	Cars & trucks mfg, including parts	$161,739	0%	83:1	13%	100%	100%	B
24	70	Unibail-Rodamco-Westfield SE	Paris, France	Real estate & leasing	$135,454	215%	32:1	60%	70%	32%	B	1.5°C, SBTi
25	61	Pirelli & C SpA	Milan, Italy	Plastic & rubber product mfg	$23,537	12%	384:1	40%	23%	12%	B	1.5°C, SBTi
26	23	Trane Technologies PLC	Swords, Ireland	HVAC equipment mfg	$71,470	22%	214:1	50%	45%	18%	B	1.5°C, SBTi
27	12	WSP Global Inc	Montreal, Canada	Business, engineering & personal services	$221,400	13%	96:1	30%	64%	41%	B	1.5°C, SBTi
28	74	Solaredge Technologies Inc	Herzliya, Israel	Semiconductor & electronic components mfg	$56,349	29%		38%	100%	100%	B
29		Steel Dynamics Inc	Fort Wayne, U.S.	Steelmaking	$4,601	16%		30%	100%	100%	B
30		Acciona SA	Madrid, Spain	Commercial building construction	$135,364	8%	74:1	42%	59%	89%	B	1.5°C, SBTi
31	20	Dassault Systèmes SE	Vélizy-Villacoublay, France	IT services except telecom & hosting	$1,300,349	16%	26:1	50%	67%	0%	B	1.5°C, SBTi
32	25	XPeng Inc	Guangzhou, China	Cars & trucks mfg, including parts	$51,350	1%		29%	100%	100%	B
33	21	Giant Manufacturing Co Ltd	Taichung, Taiwan	Non-road transport equipment mfg	$63,737	18%	96:1	10%	100%	100%	B
34	51	BCE Inc	Verdun, Canada	Telecom providers	$79,473	8%	138:1	33%	32%	90%	B	1.5°C, SBTi
35	35	Eisai Co Ltd	Tokyo, Japan	Pharmaceutical & biotech mfg	$159,088	13%	12:1	18%	54%	19%	B	1.5°C, SBTi
36	29	Kesko Oyj	Helsinki, Finland	Grocery stores	$244,943	10%	69:1	29%	5%	14%	B	1.5°C, SBTi
37	26	Wheaton Precious Metals Corp	Vancouver, Canada	Asset management	$27,290,519	0%	6:1	40%	29%	N.A.	B	SBTi
38	39	EDP Renováveis SA	Madrid, Spain	Power generation	$116,669	3%	13:1	36%	100%	100%	B	SBTi
39	22	City Developments Ltd	Singapore, Singapore	Real estate & leasing	$112,252	24%	78:1	20%	54%	38%	B	1.5°C, SBTi
40	19	Neste Oyj	Espoo, Finland	Refining, petrochemicals & basic organic chemicals	$13,405	10%	19:1	25%	34%	88%	B
41		Verbund AG	Vienna, Austria	Power transmission & distribution	$30,594	11%	12:1	44%	56%	92%	B
42		Atlantica Sustainable Infrastructure PLC	Brentford, U.K.	Power generation	$543	3%	37:1	22%	85%	100%	B-	SBTi
43	45	Kering SA	Paris, France	Retail, except grocery & auto	$1,379,416	30%	80:1	54%	40%	10%	B-	1.5°C, SBTi, FCCA
44		Nokia Oyj	Espoo, Finland	Telephones & telecom equip mfg	$182,962	14%	42:1	50%	47%	38%	B-	1.5°C, SBTi
45	46	Tesla Inc	Austin, U.S.	Cars & trucks mfg, including parts	$458,640	6%		25%	100%	100%	B-	1.5°C, SBTi
46	85	Telus Corp	Vancouver, Canada	Telecom providers	$79,612	9%	322:1	43%	29%	56%	B-	1.5°C, SBTi
47	68	Essity AB	Stockholm, Sweden	Packaging	$6,774	13%	52:1	42%	67%	15%	B-	1.5°C, SBTi
48		Pandora A/S	Copenhagen, Denmark	Furniture & general mfg	$643,617	16%	208:1	57%	97%	0%	B-	1.5°C, SBTi
49	58	Novonesis A/S	Bagsvaerd, Denmark	Pharmaceutical & biotech mfg	$19,805	12%	39:1	30%	81%	53%	B-	1.5°C, SBTi
50		Land Securities Group PLC	London, U.K.	Real estate & leasing	$139,972		22:1	40%	53%	0%	B-
51	72	Ricoh Co Ltd	Tokyo, Japan	Computers & peripherals mfg	$114,166	16%	17:1	8%	55%	46%	B-	1.5°C, SBTi
52	55	Samsung SDI Co Ltd	Yongin-si, South Korea	Semiconductor & electronic components mfg	$20,312	7%	32:1	29%	90%	97%	B-
53	36	Radius Recycling	Portland, U.S.	Waste management	$20,010	4%		57%	95%	100%	B-
54	64	Cisco Systems Inc	San Jose, U.S.	Telephones & telecom equip mfg	$469,815	25%	235:1	42%	41%	25%	B-	1.5°C, SBTi
55		MLS Co Ltd	Zhongshan, China	Semiconductor & electronic components mfg		42%		44%	100%	100%	B-
56	56	Rivian Automotive, Inc	Irvine, U.S.	Cars & trucks mfg, including parts	$25,133			43%	100%	100%	B-
57	47	Umicore SA	Brussels, Belgium	Basic inorganic chemicals & synthetics	$46,545	18%	29:1	33%	14%	67%	B-	SBTi
58	48	SAP SE	Walldorf, Germany	IT services except telecom & hosting	$440,428	25%	45:1	39%	21%	1%	B-	1.5°C, SBTi
59	38	Cascades Inc	Kingsey Falls, Canada	Packaging	$5,531	2%	60:1	46%	85%	64%	B-	SBTi
60	41	Atea ASA	Oslo, Norway	Computers & peripherals mfg	$587,184	12%	19:1	44%	57%	22%	B-	SBTi
61	57	Intesa Sanpaolo SpA	Turin, Italy	Banks	$1,172,815	14%	101:1	42%	12%	N.A.	C+	1.5°C, SBTi, NZBA
62	53	Novo Nordisk A/S	Bagsvaerd, Denmark	Pharmaceutical & biotech mfg	$1,035,533	20%	82:1	50%	4%	42%	C+	1.5°C, SBTi
63	87	Prologis Inc	San Francisco, U.S.	Real estate & leasing	$1,992,330	2%	169:1	27%	8%	8%	C+	1.5°C, SBTi
64		Borgwarner Inc	Auburn Hills, U.S.	Cars & trucks mfg, including parts	$48,748	18%		38%	14%	64%	C+	1.5°C, SBTi
65	37	Beazley PLC	London, U.K.	Insurance companies	$9,155,606	9%	19:1	45%	11%	N.A.	C+	NZIA
66	11	Autodesk Inc	San Francisco, U.S.	IT services except telecom & hosting	$5,929,881	19%		45%	93%	0%	C+	1.5°C, SBTi
67	73	Cogeco Communications Inc	Montreal, Canada	Telecom providers	$96,028	5%	50:1	40%	24%	46%	C+	1.5°C, SBTi
68	60	Arçelik AS	Istanbul, Turkey	Appliances & lighting fixtures mfg	$451,974	5%		17%	11%	26%	C+	1.5°C, SBTi
69	71	Apple Inc	Cupertino, U.S.	Telephones & telecom equip mfg	$6,540,700	16%		50%	67%	0%	C+	1.5°C, SBTi
70	15	Telefonaktiebolaget LM Ericsson	Stockholm, Sweden	Telephones & telecom equip mfg	$433,290	16%	49:1	40%	45%	49%	C+	1.5°C, SBTi
71	76	Unilever PLC	London, U.K.	Personal products (retail chemical)	$131,480	21%	113:1	42%	4%	0%	C+	1.5°C, SBTi
72	69	Equinix Inc	Redwood City, U.S.	Data processing, hosting services	$31,122	5%		40%	48%	4%	C+	SBTi
73	80	StarHub Ltd	Singapore, Singapore	Telecom providers	$49,294	12%	12:1	27%	8%	58%	C+	1.5°C, SBTi
74	75	Telefônica Brasil SA	São Paulo, Brazil	Telecom providers	$1,048,155	2%	111:1	33%	8%	86%	C+
75	79	Sun Life Financial Inc	Toronto, Canada	Insurance companies	$1,086,324	19%	101:1	50%	5%	N.A.	C+	NZAM, NZIA
76	63	Xinyi Solar Holdings Ltd	Wuhu, China	Glass & ceramics	$855	11%	223:1	11%	100%	100%	C+
77	62	Singapore Telecommunications Ltd	Singapore, Singapore	Telecom providers	$38,975	6%	23:1	46%	12%	41%	C	1.5°C, SBTi
78	97	Biomérieux SA	Marcy l’Étoile, France	Medical equipment mfg	$95,442	23%	11:1	38%	5%	1%	C	SBTi
79	67	HP Inc	Palo Alto, U.S.	Computers & peripherals mfg	$366,926	12%	728:1	50%	76%	0%	C	1.5°C, SBTi
80	52	Investec Ltd	Sandton, South Africa	Banks	$2,308,452	6%	48:1	58%	4%	N.A.	C	NZBA
81		Swiss Re AG	Zurich, Switzerland	Insurance companies	$27,930,454	12%	55:1	33%	11%	N.A.	C	NZIA, NZAO
82		Bank of Montreal	Montreal, Canada	Banks	$1,670,219	8%	61:1	46%	7%	N.A.	C	NZAM, NZBA
83	93	Vitasoy International Holdings Ltd	Hong Kong, China	Food & beverage mfg	$11,185	11%	81:1	22%	44%	7%	C
84	86	Henkel AG & Co KgaA	Düsseldorf, Germany	Personal products (retail chemical)	$128,225	21%	85:1	41%	21%	1%	C	1.5°C, SBTi, NZAM
85	49	McCormick & Company Inc	Hunt Valley, U.S.	Food & beverage mfg	$87,650	14%		31%	14%	20%	C	1.5°C, SBTi
86		BT Group PLC	London, U.K.	Telecom providers	$183,754	1%	74:1	50%	13%	44%	C
87	30	Risen Energy Co Ltd	Ningbo, China	Semiconductor & electronic components mfg	$11,966	0%	34:1	9%	97%	83%	C
88		Fresenius Medical Care AG & Co KGaA	Bad Homburg, Germany	Health care	$47,710	10%	76:1	50%	37%	63%	C
89	98	Manulife Financial Corp	Toronto, Canada	Insurance companies	$159,603	11%	152:1	54%	13%	N.A.	C	1.5°C, SBTi
90		Anglo American PLC	London, U.K.	Mining, smelting & refining	$2,452	22%	67:1	40%	49%	24%	C
91	66	Sanofi SA	Paris, France	Pharmaceutical & biotech mfg	$154,001	15%	93:1	38%	11%	1%	C	1.5°C, SBTi
92	78	Coloplast A/S	Humlebæk, Denmark	Medical equipment mfg	$182,858	20%	48:1	33%	11%	0%	C-	1.5°C, SBTi
93		Natwest Group PLC	Edinburgh, U.K.	Banks	$2,854,401	8%	46:1	50%	4%	N.A.	C-	NZBA
94		KBC Groep NV	Brussels, Belgium	Banks	$1,395,043	6%	52:1	31%	3%	N.A.	C-
95	96	IGM Financial Inc	Winnipeg, Canada	Asset management	$4,898,819	17%	47:1	33%	4%	N.A.	C-	NZAM
96	90	BNP Paribas SA	Paris, France	Banks	$2,501,944	6%	44:1	46%	2%	N.A.	C-	SBTi, NZAM, NZAO, NZBA
97		Taiwan Cooperative Financial Holding Co Ltd	Taipei, Taiwan	Banks	$431,827	6%		20%	12%	N.A.	D+	1.5°C, SBTi
98	100	Sysmex Corp	Kobe, Japan	Instrumentation & other electronic mfg	$245,929	21%	21:1	8%	37%	0%	D+	SBTi
99		PNC Financial Services Group Inc	Pittsburgh, U.S.	Banks	$303,387	9%	152:1	33%	3%	N.A.	D+
100		Turkiye Sinai Kalkinma Bankasi	Istanbul, Turkey	Banks	$9,473,205	12%		18%	15%	N.A.	D+	NZBA

Note: Banks, asset management and insurance peer groups are not assessed on the sustainable investment KPI. The weight of this KPI has been reweighted to the sustainable revenue KPI.

methodology press release

previous rankings Purchase Historical Global 100 Dataset

Bumpy Road

For most of its 20-plus-year history, the Global 100 has outperformed its MSCI ACWI benchmark on total investment return. However, the MSCI ACWI nudged ahead of the Global 100 this year thanks mainly to the updraft in AI stocks, and, to a lesser extent, the rally of oil and weapons stocks, sectors that are not particularly strong on sustainability. This updraft effect, combined with high interest rates that depressed stock prices of firms spending big on transforming their assets (such as those leading the clean energy transition), led to the Global 100 underperforming over the past two years.

That said, the world’s top companies are staying the course, knowing that speed bumps won’t stop progress toward a more sustainable and inclusive economy.

French-based Schneider Electric SE climbed to the top of the 2025 Global 100, up from seventh place last year, thanks to a high level of sustainable investment and revenue, its leading performance on gender diversity, and the low carbon intensity of its production. Like the majority of companies on the Global 100, Schneider isn’t a consumer-facing household name; rather, it provides the nuts, bolts and technology for the green transition, including building energy controls, off-grid solar and EV charging and grid automation (read our top company profile). It also happened to rake in record-breaking revenues in 2024, built on continued demand for energy management.

Last year’s leader, Australian waste management company Sims Ltd., is in second place this year, while Danish wind manufacturer Vestas Wind Systems S/A is in third. Both Sims and Vestas are pure-play companies that derived 100% of their revenue from and allocated 100% of their investment to sustainable projects.

New to the Global 100 ranking for 2025 are Türkiye Sinai Kalkinma Bankasi, a national industrial bank based in Istanbul, and American manufacturer BorgWarner Inc., which produces battery systems, fast chargers and electric motors for mobility applications. Michigan-based BorgWarner’s high growth in sustainable revenue was particularly fuelled by the popularity of EV components, such as its electric powertrains.

Danish jewellery manufacturer Pandora also joined the ranking for the first time as its recycled gold and silver inputs jumped to 97% in 2023, from 61% the previous year.

Canada has 11 companies represented in the Global 100, second only to the United States, which has 15. The Canadian contingent is led by engineering firms Stantec Inc., which aimed 82% of its capital expenditure at sustainable investing in 2023, and WSP Global Inc., which earned 64% of its revenue from sustainable sources that year.

Canadian insurers Sun Life Financial Inc. and Manulife Financial Corp. both earned spots in the Global 100 ranking, as did telecommunications giants BCE Inc., Telus Corp. and Cogeco Communications Inc. (The Corporate Knights ranking allocates spots by sectors to reflect the global economy. For example, 16% go to financial institutions and 7% are reserved for telecoms.)

Green snakes and ladders

Staying on the ranking can be a challenge. The Bank of Montreal had been dropped from the 2024 ranking but regained its place in this year’s version. The bank improved on a number of metrics, notes Matthew Malinsky, director of sustainable economy intelligence for Corporate Knights. BMO saw gains in sustainable revenue, its CEO-to-average-worker pay ratio, racial diversity and its sustainability pay link in which 10.3% of the CEO’s pay is tied to achieving the company’s social and environmental goals. The bank has a rapidly growing green loan book and has provided just under $40 billion in renewable-energy financing since 2019.

>>Access Sustainable Economy Intelligence on thousands of large companies>>

Anglo American is also new to the ranking, bumping off Canada’s Teck Resources (which had been on the list for six straight years) as a result of Anglo’s sustainable investment growth of 19% and increases in sustainable revenues from mines tied to low-carbon-economy minerals such as copper and nickel.

Brookfield Renewable Partners also dropped from the ranking, despite its strength in sustainable investing and revenues. Brookfield was red-flagged by the non-profit shareholder advocacy group As You Sow over its investments in Westinghouse Electric Company, which manufactures rods that produce tritium used for nuclear weapons.

2025 Global 100 vs. the rest

Indicator	2025 G100	2024 G100	2025 average*	2024 average
Sustainable revenue (% total revenue)	53%	51%	15%	16%
Sustainable investment (% total investment)	58%	55%	15%	17%
Executive gender diversity	25%	24%	18%	19%
Board gender diversity	36%	35%	25%	25%
Executive racial diversity	10%	11%	10%	8%
Board racial diversity	12%	14%	12%	10%
Cash taxes paid (% of profits)	14%	14%	9%	14%
Carbon productivity ($ sales/tonnes GHGs)1	$1,305,869	$927,244	$640,248	$491,909
Energy productivity ($ sales/GJ energy used)2	$95,316	$479,161	$93,071	$160,630
Sustainability pay link	80/100	64/81	2830/8062	1882 / 6330
CEO–average worker pay ratio	79:1	85:1	60:1	74:1

* Large publicly traded companies (with more than PPP$1 billion in annual revenue), excluding the Global 100.

1 – For comparison purposes, the scope 2 portion of the Carbon Productivity numbers in this chart are calculated according to a market-based methodology. Please note that in prior year publications, scope 2 emissions were calculated using a location-based methodology

2 – Companies that have no net non-renewable energy use do not receive an energy productivity value but receive a 100% energy productivity score.

Room for improvement

There are areas where all Global 100 firms can improve. The top firms may be leaders in pursuing gender diversity on their boards, but only a handful (Autodesk, SMA Solar and Taiwan Cooperative Financial Holding Co Ltd) have reached gender parity at the executive level. And Global 100 companies perform no better in terms of racial diversity than the broader universe of large publicly traded companies.

The road to decarbonization and a more inclusive economy will become bumpier in the coming years given the current political backlash. However, corporate sustainability leaders appear to be committed to progressing down that path, as evidenced by more than two decades of the Global 100 rankings.

Shawn McCarthy is an Ottawa-based writer.

CLIMATE COMMITMENTS	1.5˚C Business Ambition for 1.5˚C	SBTi Science Based Targets Initiative	FCCA Fashion Charter for Climate Action	NZAM Net-Zero Asset Managers Initiative	NZAO Net-Zero Asset Owners Alliance	NZBA Net-Zero Banking Alliance

DOWNLOAD FULL RESULTS

Get the complete Excel scorecard for the Global 100 most sustainable companies of 2025

Methodology

The Global 100 methodology uses a mix of fixed and variable-weight ESG and sustainable-economy key performance indicators (KPIs) to score companies against their peers. We measure the share of revenues and investments that are included in the Corporate Knights Sustainable Economy Taxonomy and percent rank those ratios against the company’s peer group (CKPG). We then give equal weight to the ratios and the percent ranks in awarding up to 25 points for sustainable revenue and up to 25 points for sustainable investment, for a total of 50 possible points.

The other 50 points in the Global 100 are allocated to 22 ESG KPIs, covering environmental, social, governance and supplier sustainability themes.

In addition, penalties can be levied against overall scores for low performance on the following indicators: productivities for water, waste, VOC, NOx, SOx and PM; cash taxes paid; injury rate; and fatalities. Up to five points are deducted for companies that have been levied fines above a percentage threshold of their revenue compared to other companies. Lastly, the political influence KPI may earn a company 2.5 bonus points.

After analyzing data for 25 KPIs, using the Corporate Knights methodology, this year’s overall scores were converted to letter grades.