Top 5 ESG Companies in 2022

1. Alphabet Inc. Class A (NASDAQ:GOOGL)

Alphabet Inc Class A (NASDAQ:GOOGL) is the top ESG company in 2022, thanks to the billions of dollars’ worth of ESG-related investments and ambitious goals it has set for the betterment of the environment. In its 2022 ESG report, the parent of Google said that it issued a whopping $5.75 billion in sustainability bonds, easily surpassing all peers in the industry. 100% of the net proceeds of these bonds have been allocated. As of 2021, Alphabet Inc Class A (NASDAQ:GOOGL) was able to match about 66% of the electricity used across its data centers with carbon-free sources.

 Alphabet is also focusing on other aspects of the ESG matrix. In 2019, it committed $1 billion to support the construction of 20,000 affordable houses in the Bay Area. It is also focusing on racial equity and women’s rights across the globe.

Bronte Capital made the following comment about Alphabet Inc. (NASDAQ:GOOG) in its Q3 2022 investor letter:

Consensus longs—those stocks widely held and admired by fund managers—have recently underperformed the market. Consensus shorts have been bad shorts. We have over 500 shorts, of which a few are consensus, and we have noticed this effect. But we also own what we think is (alas) the most consensus long in this market: Alphabet Inc. (NASDAQ:GOOG). We find it hard to find any strong reason not to own it. Internet advertising is going from strength to strength and Google’s place in the market is mostly improving. Some of the other bets such as cloud services are beginning to pay off, and finally the CEO is expressing discipline on costs. (Per the consensus, the biggest problem with Google has been a lack of discipline on costs. Every time we look there are another 20 thousand employees.) Being a consensus long, it is down hard. We did say consensus longs are not going well…” (Click here to read the full text)

You can also take a look at Top 11 Stocks With Growth Potential According to Juniper Investment Company and 10 Stocks Hedge Fund Legend Donald Sussman is Buying. 

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