5 Best ESG Stocks To Buy Now

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1. Apple Inc. (NASDAQ:AAPL)

% of Funds as of 11/28/2022: 7.11%

Number of Hedge Fund Holders: 140

Smartphone maker Apple Inc. (NASDAQ:AAPL) has been carbon neutral for its corporate operations since 2020 and the company has an ambitious goal to make carbon neutral products by 2030. With innovation, Apple Inc. (NASDAQ:AAPL) has reduced its average product energy use by 70% since 2008 and with further advances, it could be possible to lower the average product energy use even more. Given its weight of 7.11% in the Vanguard ESG U.S. Stock ETF (ESGV), Apple Inc. (NASDAQ:AAPL) ranks #1 on our list of 12 Best ESG Stocks To Buy Now.

Wedgewood Partners commented on Apple Inc. (NASDAQ:AAPL) in a Q3 2022 investor letter,

Apple Inc. (NASDAQ:AAPL) grew revenues +5% (foreign exchange adjusted and excluding Russia) driven by record iPhone revenues that were up about +3% on an exceptional year ago comparison of +50%. Apple’s installed base is over 1.8 billion devices which helps drive a software and services business that has generated almost $80 billion of revenue over the past 4 quarters. As we have highlighted in the past, Apple’s relentless focus on the development and integration between hardware (especially ICs) as well as software, continues to add significant value for customers of its products and services. We expect this favorable competitive dynamic to continue for the foreseeable future.

You can also take a look at Warren Buffett’s Top 10 Dividend Stock Picks and 15 Largest Hotel Chains in the US in 2022.

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