"Good morning. This week, Fortune published our 11 th annual Change the World list, a compendium of 50 companies that are using the creative forces of capitalism to tackle big social problems. These companies are doing well by doing good, so to speak: They've figured out how to make money selling products and services that have a positive impact on people and the planet. Here are this year's honorees."
"The giants, as you might expect, can get big results fast. This year's CTW includes Carrier Global, the $22 billion HVAC and refrigeration giant. Carrier committed itself five years ago to making its product line far more energy-efficient: Since then, they estimate they've reduced their customers' CO2 emissions by enough to power 65 million homes for a year. The startups, meanwhile, are nimble enough to develop and deploy products quickly, then scale up to meet big needs."
"The rare earth minerals that many energy, tech, and defense companies depend on are, well, rare, as recent U.S.-China trade tensions have taught us; Cyclic Materials, of Toronto, is standing up factories to recycle them. Chronic teacher shortages bedevil many communities; San Francisco-based startup Amira Learning has developed an AI-driven platform that helps instructors develop reading-instruction lesson plans for more kids, more efficiently, and it's already being used in more than 4,000 school districts."
Fifty companies use market-based approaches to tackle major social and environmental problems while creating economic value. The group includes large, established corporations that apply scale to produce rapid, measurable results and startups that embed mission-driven solutions into their business models and scale quickly. Carrier Global improved energy efficiency across its product line and estimates CO2 reductions equivalent to powering 65 million homes for a year. Cyclic Materials is building factories to recycle rare earth minerals. Amira Learning provides an AI-driven platform for reading instruction used in over 4,000 school districts. HSBC deployed a quantum-computer chip to predict bond prices; U.S. and European markets were down while Asian markets were up.
Read at Fortune
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