Tue. Apr 23rd, 2024

Smart ESG investing means taking into consideration a company’s corporate values as well as its environmental practices. Also essential is a company’s ability to make solid returns in all types of market environments.




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As part of IBD’s fifth annual 100 Best ESG Companies special report, we review companies not solely on their ESG scores but also on how they fare against their competitors in similar industries.

Public companies that made our 2023 100 Best ESG Companies list combine high Dow Jones sustainability scores with superior IBD technical and fundamental stock ratings. They are standouts for ESG investing. 

The tables below highlight IBD’s best ESG stocks in eight industry categories, including technology, retail, finance and more.

Companies that top their industry lists and also are in the top 10 in the 2023 List of 100 Best ESG companies include Microsoft (MSFT) (in the top spot overall), Verisk Analytics (VRSK), Caterpillar (CAT) and Mastercard (MA).

Microsoft also ranked highly on our list of 3 best companies in 8 industry sectors, as well as on our list of top-scoring companies in 5 sustainability dimensions.

Best ESG Stocks: How IBD Created Its Lists

To build the 2023 100 Best ESG Companies list, we started with each company’s environmental, social and governance (ESG) sustainability score created by Dow Jones Newswires, an IBD affiliate. These scores capture a broad spectrum of information on the ESG profile of more than 6,000 global companies.

Read Our Full Special Report On IBD’s 2023 100 Best ESG Companies, Our Feature Story On Green Patent Innovation And See The Full List Of Winners.

On Aug. 24, IBD asked Dow Jones for an ESG-scored list of all the U.S.-traded companies it tracks, a total of 2,067. We then cut the list to 1,559 companies on Aug. 25 by removing nonpublic companies and companies with stock prices below $10 a share. We also removed any companies that lacked sufficient data to create an IBD Composite Rating.

We further qualified the ESG investing list by removing those companies that did not meet or beat the S&P 500 in the past five years. We selected the 100 with the highest IBD Composite Rating — all with scores of 81 or better. To break any ties, we looked at companies’ Relative Strength Rating and then, if needed, their EPS Rating. Finally, we ranked the 100 companies by Dow Jones’ ESG score.

More from our report:

Read our profiles and interviews on the top-scoring companies:

Computer

Rank
Company
Symbol
ESG score

1
Microsoft
MSFT
72.76

2
Dell Technologies
DELL
67.07

3
Adobe
ADBE
66.75

Building

Rank
Company
Symbol
ESG score

1
Owens Corning
OC
64.53

2
Jacobs Solutions
J
62.78

3
Watts Water Technologies
WTS
59.21

Commercial Services

Rank
Company
Symbol
ESG score

1
Verisk Analytics
VRSK
71.58

2
Gartner
IT
65.82

3
CoStar
CSGP
60.11

Semiconductors

Rank
Company
Symbol
ESG score

1
Applied Materials
AMAT
71.71

2
Nvidia
NVDA
69.40

3
Lam Research
LRCX
65.06

Medical

Rank
Company
Symbol
ESG score

1
Eli Lilly
LLY
62.81

2
Zoetis
ZTS
61.83

3
Idexx Laboratories
IDXX
57.37

Retail

Rank
Company
Symbol
ESG score

1
TJX
TJX
65.00

2
Chipotle Mexican Grill
CMG
59.97

3
Costco Wholesale
COST
58.20

Machinery

Rank
Company
Symbol
ESG score

1
Caterpillar
CAT
70.66

2
Dover
DOV
68.65

3
Parker-Hannifin
PH
58.36

Finance

Rank
Company
Symbol
ESG score

1
Mastercard
MA
71.57

2
Visa
V
62.71

3
Prologis
PLD
59.65

The Best ESG Companies logos and accolades are available for licensing through Investor’s Business Daily’s partner, The YGS Group, by email at [email protected] or at 800-290-5460.

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