Press Release

Time Names Electrolux One of World's Most Sustainable Companies in 2024

TIME and Statista have named 500 companies doing best for the Earth and Electrolux makes the list.

By Electrolux | Published 4 months ago | About a 1 minute read

It’s one thing for a company to give lip service to helping the environment; it’s another for its leaders to make trackable, public commitments to doing better for the planet—and follow through on them. For the first time, TIME and data firm Statista have created a rigorous methodology with which to measure the world’s most sustainable companies for 2024. The companies at the top of the list have signed on to some of the most respected climate programs, including the 1.5°C target from the Science Based Targets initiative (SBTi), and receive high scores from CDP (formerly the Carbon Disclosure Project). TIME and Statista further held companies to high standards for their Scope 1 and 2 emissions and energy consumption relative to company size, emissions reductions in 2021 and 2022 (the most recent years fully reported), and proportion of renewable energy used by the company’s operations. (Scope 1 emissions are directly caused by a company; Scope 2 are indirectly created when a company purchases power.) And, perhaps most importantly, many of the top companies have incorporated sustainability into their business models.

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