The “Fortune” ranking of “companies that change the world” follows the principle that the motivation to chase profits can inspire companies to address the needs of human society. The 2020 list is our sixth ranking. This list highlights a crucial conclusion: no company can succeed on its own. Collaboration between companies and even between competitors is a common feature of many companies on the list this year.
Speaking of cooperation: The companies on this list were jointly selected by experts from the consulting company Shared Value Initiative.
There are a total of 4 Chinese companies on the list this year, of which Alibaba ranked second.
——The editorial department
VINCENZOPINTO—AFP VIA GETTY IMAGES
“The world unites”
Surprisingly, a large number of companies have invested in the development of the new crown vaccine. This situation is unprecedented. For a long time after this catastrophic virus is subdued, the positive effects of such cooperation will continue to exist.
The pharmaceutical industry has always had a poor reputation, but the new crown epidemic has provided the pharmaceutical industry with an opportunity for salvation. They showed sincerity in cooperation. For example, AstraZeneca, a traditional pharmaceutical giant that did not occupy a major position in the field of vaccines in the past, has cooperated with the highly respected academic institution Oxford University to speed up the process of a candidate vaccine from the laboratory to the human trial; we have seen Competitors Sanofi and GlaxoSmithKline join hands; we have seen a lot of international cooperation: For example, the German pharmaceutical company BioNTech and the pharmaceutical giant Pfizer are testing a new messenger RNA vaccine in New York. Cooperating with Fosun Pharma to test another vaccine in Shanghai. Currently, there are nearly 200 vaccines under development. 39 vaccines are undergoing human clinical trials. Nine vaccines entered Phase III clinical trials.
For the new crown vaccine, we don’t know which one will succeed, or whether there will be enough vaccines and drugs to protect humans on the planet. But this wonderful new way of cooperation between pharmaceutical companies may change the world or save part of the world.
The current epidemic situation fully demonstrates the strength of e-commerce.
As the epidemic spread, the Chinese e-commerce giant demonstrated its flexible global infrastructure during the crisis. Earlier, Alibaba’s World Electronic Trade Platform, an entity set up for public-private cooperation, was transformed into a purchasing center for personal protective equipment, serving Asia, Africa and Europe. Alibaba.com, a B2B platform, has also helped distribute more than 26 million pieces of personal protective equipment to medical service personnel. At the same time, researchers also rely on their cloud computing resources to participate in collaborative projects to develop new coronavirus vaccines.
Outside of the medical field, Alibaba is also renewing the lives of small businesses, which represent the main body of the customer base. The Taobao live broadcast e-commerce platform helped farmers whose supply chain was interrupted to find new customers. In addition, during this economic downturn, Alibaba also helped provide about US$20 billion in low-interest loans and cash advances to ease the pressure on small business owners. This move also demonstrates the strength of its subsidiary Ant Group, which is about to become independent of Alibaba.
Santa Clara, California, U.S.
Open up shortcuts to cure diseases.
Nvidia’s graphics processing unit (GPU) drives visualization technology to help researchers determine the effectiveness of drug candidates for molecularly targeted treatment of specific diseases.
The graphics processor allowed the rapid development of Nvidia, a Silicon Valley company, and also promoted the advancement of medicine. In 2017, scientists generated a three-dimensional view of the virus with the help of NVIDIA chips, and won the Nobel Prize for related scientific research results. This technology is also the key to the production of new vaccines. In addition, NVIDIA’s graphics processor allows scientists to screen more than 1 billion candidate drug compounds and molecules within 24 hours through images. This work would take five to ten years to complete if it was handed over to traditional laboratories. Nvidia is also currently using its software expertise to fight the epidemic. The company recently developed an algorithm with the National Institutes of Health that can quickly identify the new coronavirus in CT scans.
Indian Serum Institute
ATULLOKE—THE NEW YORK TIMES/REDUX
Save the common people in the world: manufacturers through low-cost, so that low-income people can also be vaccinated.
Although the world’s largest vaccine manufacturer is not a household name, it has become a frequent news visitor these days because it has accelerated the development of the new crown vaccine. With its huge volume, the Serum Institute of India has signed a large-scale production agreement to produce 1 billion doses of drug candidates from AstraZeneca and Novavax for low- and middle-income countries.
This is a huge number, but what really makes the institute stand out is that it has been providing low-cost life-saving vaccines for the underserved. It produces 1.5 billion doses of vaccines against tetanus, measles, and pneumococcal every year, most of which go to low- and middle-income countries, and benefit 65% of the world’s vaccines through organizations such as UNICEF, Global Alliance for Vaccines and Vaccines child. The Vaccine Alliance focuses on serving poor countries.
“The vaccines they provide are high-quality and low-cost. They have done a great job in this area. This is also very important for our work.” said Seth Berkeley, CEO of the Global Alliance for Vaccines Cerus Punawala, the founder of the Serum Institute, was named the first “vaccine hero”.
The Serum Institute of India was established in 1966. The family-run horse farm in Punawara is also an aspiring car manufacturer himself. It seems unlikely that people with such a background will join the serum research business. However, he later learned that the retired horses in his family would be donated to government agencies to extract serum to make vaccines that were scarce in India at that time, so he decided to engage in this industry himself.
Many people believe that the development of the Serum Institute of India today is mainly due to Punawara’s own noble ethics and its decision to keep the company privatized. His son Adal took over as CEO in 2011 and is committed to the rapid development of the company. The company’s current annual revenue has reached 800 million US dollars, which has more than tripled since 2012. At the same time, he remained true to his father’s mission, putting well-being before profit.
Berkeley recalled that before other vaccine manufacturers failed to provide products, the Serum Institute of India stepped up production to fill the gap. “They have never tried to increase the price because of this.” He said.
ANTHONY WELLER—VIEW PICTURES/UNIVERSAL IMAGES GROUP VIA GETTY IMAGES
Mondragon, a company that restricts executive pay, was responsible for building part of the roof of the Guggenheim Museum in Bilbao.
In 1956, a Basque Catholic priest founded the Mondragon Group, which consists of 260 companies, covering construction, finance, manufacturing, agriculture, and food production. The group is a super employer in Spain, with more than 81,000 employees, and the world’s largest worker-owned cooperative federation, with revenues of 12.2 billion euros ($14.5 billion) last year. The reason why it can grow like this is that it has not increased the income of senior staff too much. The group stipulates that the salaries of executives shall not be more than six times higher than the lowest-paid employees of their cooperatives, and their annual income is far below 1 million US dollars.
“They know they must make a profit or they will cease to exist. This is not a hippie cooperative.” said Georgia Kelly, the founder of the non-profit organization Praxis Peace Agency, who hosted the seminar in Mondragon. “But their ethical code is people-oriented, profit is behind.”
Redmond, Washington, U.S.
Tech giants invest in the workforce of the future.
At the beginning of 2020, Microsoft issued an alarming announcement that the software giant is no longer satisfied with carbon neutrality. They will achieve negative carbon emissions by 2030 and plan to eliminate the carbon dioxide emitted by the company since its establishment in 1975 in 2050.
In addition, they are also dealing with the recent crisis. As the world shifted its focus to the new crown virus, Microsoft responded by providing 25 million people with free online training on digital skills, including data analysis, information technology, and network security. For those who may never be able to recover from their work, this is tantamount to helping people in need, especially for women and ethnic minorities who have suffered severe economic losses due to the epidemic.
Microsoft not only provided this short-term training, but also made long-term efforts to improve the skills of the public. For example, Microsoft’s 4Afrika program has launched training programs in Africa to fill the digital skills gap here. This is a good deed, but it is not charity either. Microsoft has seen the market prospects in Africa and has been constantly signing up customers and looking for new business ideas.
Scanska and IKEA
Stockholm, Sweden, Delft, Netherlands
Two European companies have teamed up to create green houses to save tenants from losses.
The BoKlok house jointly launched by Skanska and IKEA adopts a modular design, which not only shortens the construction time, but also has a low cost.
In prosperous Northern Europe, affordable housing is hard to find. As early as 1996, Skanska and the home furnishing giant IKEA teamed up on the BoKlok project-this unique partnership has allowed approximately 12,000 sustainable modular houses to take root in Scandinavia. Last year, the two companies extended this project to the UK, aiming to provide high-quality housing for working-class and low-income groups across the UK.
Skanska has always taken the issue of sustainable development seriously. According to data from the World Green Building Council, approximately 39% of energy-related carbon dioxide emissions come from the construction industry. Recognizing this, Skanska set an ambitious goal to achieve net zero carbon emissions by 2045. In the past five years, the company’s carbon dioxide emissions have been reduced by 28%.
“Doctors” who see millions of people.
Even during the lockdown of the epidemic, millions of Chinese consumers can quickly obtain medical advice through “Ping An Good Doctor”. “Ping An Good Doctor” is a medical consultation and referral application under Ping An Insurance. Data shows that in the two weeks of this winter, this application received as many as 1.1 billion consultation requests. Although all consultations related to the new crown virus are free, data from “Ping An Good Doctor” shows that paying users increased by 32% in the first half of 2020.
Mountain View, California
Deploy artificial intelligence to prevent people from being seriously threatened.
When the company name becomes a verb, it can be seen that the company has a great influence. Google, the most well-known company under the parent company Alphabet, has changed the way people find information, explore the world, and communicate. Artificial intelligence is the foundation of most of Google’s products and services, helping Google to provide more accurate search results (thus increasing the value to advertisers), making translation results more accurate, and making Google Assistant smarter. Google has provided a number of breakthrough artificial intelligence technologies behind each product for free.
However, Google is also directly deploying artificial intelligence, hoping to save more lives. The flood forecasting plan uses artificial intelligence systems to forecast the rise of water levels in the local area, so as to obtain up to 48 hours of evacuation time for the 200 million people in India facing fatal floods. Since the launch of cooperation between Google and the Indian government in 2017, 27 million alerts have been issued. Research conducted by Google and Yale University shows that 65% of people who receive an alert will act to save themselves. Google has extended the system to Bangladesh, where 5,000 people die in floods every year. The next step is to expand to all parts of the world. At present, the number of people affected by floods worldwide is as high as 250 million, and the annual loss is 33 billion US dollars.
China Hong Kong
COURTESYOF GREEN COMMON
Use meatless pork to reduce carbon emissions.
The vision of Green Monday is to make Chinese food greener. The platform was founded by Yang Dawei and mainly advocates a vegetarian lifestyle. It has now expanded to the areas of catering, distribution and production. In 2018, the organization created the meat-free pork product Omniprock, a green breakthrough for China, which consumes more than 50% of the world’s pork. In 2019, Omniprock used Alibaba’s platform to go public in mainland China. Currently, Green Monday is cooperating with companies such as Taco Bell, White Castle and local restaurants, and its business scope is also expanding.
Use ultraviolet frequency to kill bacteria.
In the global battle against the new crown epidemic and other deadly viruses, ultraviolet rays may be an unsung hero. Due to the ability of ultraviolet light to kill bacteria, it has been used for sterilization in operating rooms and public places (not directly irradiating the human body) for decades. The subway system in New York City also deployed UV devices earlier this year. Some countries use ultraviolet light to control tuberculosis and measles outbreaks.
Ushio is a manufacturer of ultraviolet germicidal lamps with annual revenue of US$1.5 billion. But for the past seven years, Oxtail has been conducting scientific research on a more promising and practical ultraviolet lamp. This kind of ultraviolet lamp has a wavelength of 222 nanometers, which can be used to kill microorganisms, but will not penetrate the eyes or skin, so it can be safely used for disinfection around the human body. In cooperation with Kobe University in Japan and Columbia University in the United States, Oxtail put forward a hypothesis many years ago that this ultraviolet light can be used to prevent the spread of influenza and other airborne diseases; in 2018, Oxtail launched a 222nm ultraviolet in the United States light.
The new crown epidemic makes this technology particularly important. It can be used in indoor spaces because the virus may remain in the indoor air for a long time. Oxtail began mass production of this product this fall.
Redefining electric vehicles.
Electric cars without batteries. This sounds like a joke, but the new business model of Chinese electric car manufacturer NIO may overturn the electric car industry that faces many obstacles such as high prices, anxiety about mileage and insufficient charging infrastructure.
The battery-as-a-service (BaaS) model announced by NIO this summer allows customers to purchase battery-free NIO and separately purchase rechargeable, replaceable and upgradeable batteries. This model is inseparable from the battery replacement station network; currently, Weilai Automobile has deployed 143 battery replacement stations in China. Weilai believes that this strategy can reduce car costs. The price of NIO electric cars is between US$52,000 and US$68,000, but the price of a car without a battery can be reduced by US$10,000, and it can attract drivers who are unwilling to be restrained by public charging stations. This model has a more far-reaching goal, which is to remove the barriers to buying electric vehicles and ultimately promote the decarbonization of the transportation industry.
The following is the complete list
|1||Vaccine Makers (The Vaccine Makers)||Pharmaceutical|
|2||Alibaba||Internet services and retail|
|3||PayPal||Financial data service|
|4||Nvidia||Semiconductors, electronic components|
|10||Serum Institute of India||Pharmaceutical|
|12||Bogotá Energy Group||Public utilities|
|13||Medtronic||Medical equipment and equipment|
|14||Mastercard||Financial data service|
|15||Bank of America||commercial Bank|
|17||Skanska||Engineering and construction|
|18||Minority-Owned Banks||commercial Bank|
|19||Henry Schein||Wholesale: Health|
|20||Ping An Insurance||Insurance: Life and Health|
|22||Anheuser Busch InBev||Drink|
|23||Alphabet||Internet services and retail|
|24||Abbott Laboratories||Medical equipment and equipment|
|25||Williams-Sonoma||Specialty retailers: other|
|26||Qualcomm||Semiconductors, electronic components|
|27||Colgate-Palmolive||Household and personal products|
|28||East-West Seed||Food production|
|29||Pearson Group||Publishing, printing|
|30||Zutari||Engineering and construction|
|31||Lineage Logistics||Transportation and logistics|
|32||Green Monday Group||Food production|
|33||Chaowei Semiconductor (AMD)||Semiconductors, electronic components|
|35||Grab||Internet services and retail|
|36||BD company||Medical equipment and equipment|
|37||Royal Bank of Canada||commercial Bank|
|38||Footprint||Packaging materials, containers|
|39||Mexico Cement Group (Cemex)||Building materials, glass|
|40||Ushio||Electronic and electrical equipment|
|41||Adobe Ltd. (Adobe)||computer software|
|45||Nature||Household and personal products|
|46||African Bank (African Bank)||commercial Bank|
|47||Nio||Vehicles and parts|
|48||Jordan Ahli Bank (Jordan Ahli Bank)||commercial Bank|
|49||United Parcel Service (United Parcel Service)||Mail, parcel and cargo packaging and transportation|
|50||Centene Company (Centene)||Health: Insurance and managed medical insurance|
|51||ChenMed||Healthcare: Medical equipment|
|52||Swedish Steel (SSAB)||Metal products|
Method of making the list:
The ranking of “companies that change the world” recognizes the positive social impact of shortlisted companies through the implementation of core business strategies. When ranking, we will focus on the following factors:
1. Significant social impact
We evaluate the scope, nature and duration of the company’s influence on one or more social issues.
2. Operating results
We evaluate the benefits of the company’s socially influential work. The profitability of a company and its contribution to shareholder value are more important than the benefits to the company’s reputation.
3. Innovation level
We compare the innovation level of the company with other industry peers, and whether other companies will follow this company as an example or establish cooperation with it.
Erika Fry， Matt Heimer
Danielle Abril ， Maria Aspan ， Eamon Barrett ， Katherine Dunn ， Robert Hackett ， Jeremy Kahn ， Beth Kowitt ， Michal Lev-Ram ， Rey Mashayekhi ， David Z。 Morris ， Sy Mukherjee ， Aaron Pressman ， Jen Wieczner ， Claire Zillman
Translators: Biz, Feb, Qin Weiqi