Toyota, Panasonic, Tesla, Vestas and DONG Energy are among the top-ranked companies in the first ever Carbon Clean 200 list.
Companies on the list are said to be outperforming their more polluting counterparts by as much as three to one in clean energy revenues.
The Carbon Clean 200 – which will be updated quarterly – ranks the largest publicly listed firms worldwide by their total clean energy revenues, as rated by Bloomberg New Energy Finance, with the list dominated by companies from China and the US.
Firms must have a market capitalisation of at least $1bn to qualify and generate 10 per cent of their revenues from clean sources.
There are only two UK companies in the list – Atlantics Yield (ranked 92), which co-invests in renewable energy assets primarily in Europe and North America, and Reading-based Dialog Semiconductor (159), which is involved in the power management and smart meter sectors.
Toby Heaps, CEO of market research firm Corporate Knights and report co-author, said: “The Clean200 nearly tripled the performance of its fossil fuel reserve-heavy counterpart over the past 10 years, showing that clean energy companies are providing concrete and measurable rewards to investors.
“What’s more, the outstanding performance of this list shows that the notion that investors must sacrifice returns when investing in clean energy is outdated. Many clean energy investments are profitable now, and we anticipate that over the long term their appeal will only go up as technologies improve and more investors move away from under performing fossil fuel companies.”
Andrew Behar, CEO of non-profit organisation As You Sow and the report’s co-author, added: “Our intention with The Clean200 is to begin a conversation that defines what companies will be part of the clean energy future.”
More than 70 of the companies included in the list receive a majority of their revenue from clean energy, with most of the 200 from China (66 entries) and the US (40), although there is also strong representation from Japan (20), Germany (8), India (7) and Canada (5).
Toyota Motor tops the list closely followed by Siemens, while there are also strong showings for Schneider Electric (4), Panasonic (5), Vestas Wind (7), Philips Lighting (8), DONG Energy (11), Tesla Motors (17), Gamesa (18), First Solar (19) and Samsung (23).
The list excludes all oil and gas companies and utilities which generate less than 50 per cent of their power from renewable sources, as well as companies which engage in “negative climate lobbying” or profit from tropical deforestation, weapons manufacturing, and the use of child and/or forced labour.