Top 5 ESG Companies in 2022

4. Salesforce Inc. (NYSE:CRM)

Cloud company Salesforce Inc (NYSE:CRM) is one of the top ESG companies in 2022. Salesforce Inc (NYSE:CRM) announced in September 2021 that it achieved net-zero residual emissions across its full value chain and met its 100% renewable energy goal for its operations. Salesforce Inc (NYSE:CRM) has also joined Amazon’s The Climate Pledge and plans to remove all carbon emissions from its business by 2040. The company built what it calls “Net Zero Cloud” to efficiently track and analyze its own carbon footprint. The CRM company says it works with suppliers who have committed to reduce their carbon footprint by 2024.

In 2020, Salesforce Inc (NYSE:CRM) also signed an agreement with renewable energy firm X-ELIO’s Blue Grass solar farm in Australia. The project will have the capacity to power 80,000 homes and save more than 320,000 tons of CO2 emissions annually.

Here is what Cooper Investors Global Equities Fund has to say about Salesforce, Inc. (NYSE:CRM) in its Q3 2022 investor letter:

“It seems unfashionable to discuss technology stocks given the current market mood, but we are observing positive signs from US software companies in terms of their journey along the ‘HubrisHumility’ cycle. We have trimmed and concentrated our software exposure significantly over the last 18 months down to two cloud-native SAAS players, Workday and Salesforce. We met with both businesses during our trip and came away encouraged from language indicating increased focus on profitability and cost control.

We see significant optionality in these businesses to grow at the same time as expanding margins and free cash flow. The discussions increased our conviction that returns on capital are now becoming a
priority for CEOs and CFOs in this sector who are talking for the first time about cost discipline, reduced capex, more measured hiring practices, a reduction in the level of stock-based compensation and scaled back M&A ambitions. Salesforce in a recent earnings update announced its first ever buyback for US$10bn…” (Click here to see the full text)