Apple, the technology giant known for its innovative products and designs, has once again topped the rankings of global companies with the most 'green' revenue. Meanwhile, Apple's stock has shown signs of a bullish trend, indicating that the company's sustainability initiatives may be paying off in more ways than one.
According to research by Corporate Knights, a Canadian media and research firm specializing in corporate sustainability, Apple ranked first among the 100 firms examined in 2021 with 58.6% of its total revenue coming from "green" sources. Compared to the company's previous rating from 2020, when 44.9% of its revenue came from green sources, this is a significant improvement. The portion of a company's revenue that comes from goods and services that aid in the shift to a low-carbon, resource-efficient, and circular economy is known as green revenue.
In 2021, the company achieved its goal of becoming carbon neutral across its entire supply chain, including manufacturing, transportation, and product use. Apple is also committed to using 100% renewable energy for all its operations worldwide.
Apple's commitment to sustainability has not gone unnoticed by the stock market. On January 27, 2023, the 10-day moving average for Apple's stock (AAPL) crossed bullishly above the 50-day moving average. This is a technical indicator that suggests a shift in the stock's trend from bearish to bullish and could be considered a buy signal. In the past, when this crossover occurred, the stock continued to move higher over the following month in 10 out of 13 instances, with odds of 77% for a continued upward trend.
The combination of Apple's sustainability efforts and the bullish trend in the stock market is good news for investors who care about both financial returns and environmental responsibility.
In summary, Apple's position as the company with the highest "green" income worldwide is evidence of the corporation's continued dedication to sustainability and environmental responsibility. At the same time, the stock market's upward trend suggests that the company's efforts may be having an impact on its financial success.