Automotive giant Toyota has beaten Siemens, Schneider Electrics and Panasonic to the top spot of the first Carbon Clean 200 rankings, which lists the world's largest publicly listed companies by revenue generated from clean energy products.
The Carbon Clean 200, established by non-profit As You Sow and green media researchers Corporate Knights, highlights that companies investing in green energy products and services are outperforming fossil fuel companies by three to one in regards to revenue performance.
According to the report, the Clean200 companies almost tripled the revenue performance of their fossil fuel counterparts – listed in a sister report the Carbon Underground 200 that ranks fossil fuel companies being targeted for divestment – over the last ten years.
Toyota’s total market capital reached more than $169bn for the most recent publicly available data, $40bn of which stemmed from clean energy revenue such as sales of hybrid and electric vehicles. The $40bn figure was more than double that of second-placed Siemens, which attained more than $14bn in clean energy revenue.