Apple Ranks Third in Fortune's Change the World List

Apple Ranks Third in Fortune's Change the World List

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Apple has ranked third in Fortune's new Change the World list which recognizes companies that have had a positive social impact through activities that are part of their core business strategy.

The list focuses on companies with annual revenues of $1 billion or more. They are ranked by three factors:

1. Measurable social impact: We consider the reach, nature, and durability of the company’s impact on one or more specific societal problems. This category receives extra weight.

2. Business results: We consider the benefit the socially impactful work brings to the company. Profitability and contribution to shareholder value outweigh benefits to the company’s reputation.

3. Degree of innovation: We consider how innovative the company’s effort is relative to that of others in its industry and whether ­other companies have followed its example.

In first place was JPMorgan Chase followed by DSM, Apple, Novartis and LeapFrog Investments.

Here's a look at what Fortune had to say about Apple...

Serving health, education, and the climate with some of the world’s most popular products.
With roughly a billion of its smartphones, computers, and other gadgets in circulation, ­Apple has a larger cultural footprint than any other tech company. In an interview with Fortune executive editor Adam Lashinsky, featured in this month’s issue of Fortune, Apple CEO Tim Cook makes the case that those products are intrinsically a force for good—from the process of their construction (Apple runs its own facilities overwhelmingly on renewable energy), to their potential as a tool for medical research, to the 2 million U.S. jobs Apple believes it creates through its “app economy.” The value of this $815 billion company, in other words, goes far beyond its market cap.

Check out the full list at the link below...

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Apple Ranks Third in Fortune's Change the World List