Today, Fortune revealed the 2022 Fortune Change the World list, showcasing over 50 companies that have made an important social or environmental impact through their profit-making strategy and operations this year. Companies are recognized for innovative business strategies that positively impact the world. This year’s list includes 54 companies: 31 from North America; 12 from Europe; eight from Asia; two from Africa; and one from South America.
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In his introduction to the list, Fortune Executive Features Editor Matt Heimer explains that the original guiding principles of the Fortune Change the World list were that the creative tools of capitalism made business uniquely suited to solving social problems, and that bigger businesses would be better suited to take on that task. He writes: “Seven years later, we’re just as firmly committed to the first principle. The second? A little less so. On our inaugural list, six of the 51 companies we recognized had annual revenue of $1 billion or less. This year, in our eighth edition, 18 out of 54 have less than $1 billion in revenue, and nine of those are currently venture-backed startups.” Read more.
PayPal is the first featured company on the 2022 Fortune Change the World list, included for their response to the Russian invasion of Ukraine. The Fortune editors write: “PayPal has moved an enormous amount of badly needed money. Through late September, its customers raised more than $600 million through PayPal Giving for relief efforts in Ukraine. It has also helped Ukrainian citizens receive and send another $330 million in person-to-person payments and money transfers. And PayPal has tallied almost 300,000 new Ukrainian account sign-ups since the war began. Someday those may become paying customers, but that’s a question for a more peaceful day: PayPal is waiving all money transfer and remittance fees through Dec. 31.” Read more.
While the Fortune Change the World list is not ranked, the first ten entries are:
1. PayPal
2. Alibaba, JD.com, & Meituan
3. Walmart
4. Discovery
5. Qualcomm
6. EssilorLuxottica
7. Nubank
8. Northvolt
9. AIA Group
10. Shubham Housing Development Finance
View the complete Fortune Change the World list here.
The Change the World list is developed in collaboration with the Shared Value Initiative. This final list was selected and ranked by the editors of Fortune based on the magazine’s own reporting and analysis.