5 Best ESG Stocks To Buy Now

3. Meta Platforms, Inc. (NASDAQ:META)

Number of Hedge Fund Holders: 225

Meta Platforms, Inc. (NASDAQ:META) ranks 3rd in our list of the best ESG stocks to buy now. As of 2020, Meta Platforms, Inc. (NASDAQ:META) international operations reached net zero emissions and were supported by 100% renewable energy. In its 2023 sustainability report, Meta’s Vice President of Data Center Strategy Rachel Peterson said that the firm is moving towards the goals of net zero emissions throughout the value chain and becoming water positive across its operations, anticipating to attain both of these benchmarks in 2030. To cover its Scope 1 and 2 emissions, Meta Platforms, Inc. (NASDAQ:META) eliminated 80,000 tons of carbon dioxide with carbon removal projects this year. The technology giant posted Q3 earnings of $4.39 per share and total revenue of $34.1 billion.

Insider Monkey took a look at hedge fund portfolios for Meta Platforms, Inc. (Nasdaq:META) in Q2 and found out that 225 had a stake in the company. Citadel Investment Group was the firm’s largest stakeholder which had roughly 19.5 million stakes for about $5.6 billion of Meta Platforms, Inc. (Nasdaq:META).