Companies that change the world
There are more organizations using profit to help the planet and solve common problems than it seems. Here is a list of 10 enterprises that have implemented important projects for people. They directed resources to the development of the economy, energy, ecology, security and infrastructure. These are companies that are changing the world for the better..
1. Reliance JIO [telecommunications]
In 2016, the UN proclaimed access to the Internet as a fundamental human right. In the same year, the telecommunications company Reliance JIO appeared in India, which deserves respect for upholding this right..
India is the second most populous country in the world, and two years ago it had a very bad situation with mobile communications. All networks worked in 2G, and users had to pay more than 200 rupees ($ 2.88) for 1 GB of Internet traffic. Operators simply did not want to invest in network development due to poor infrastructure in slums and rural areas. Therefore, with a population of 1.3 billion people, the number of subscribers was only 153 million.
Reliance JIO did not revolutionize the mobile market in India, but a breakthrough into the future. The company spent billions to create a 4G network, made calls almost free, reduced the cost of 1 GB of traffic to $ 0.04 and began selling an ultra-cheap smartphone. She rightfully gets into the rating about companies that are changing the world. Thanks to her, over 22 months I managed to gain an audience of 215 million subscribers.
2. Merck [pharmaceuticals]
Merck is the oldest pharmaceutical and biological company in the world. It still bears the name of its founder, Frederick Jacob Merck, who opened a family pharmacy in Darmstadt in 1668. Merck now has subsidiaries in India, the UK, Canada, Spain, and the corporation has a market capitalization of $ 198 billion..
In 2014, the company, in collaboration with the Canadian Public Health Agency and NewLink Genetics, began developing an Ebola vaccine. The creation of the V920 took several months and, unfortunately, when the result was achieved, the fever claimed thousands of lives in West Africa..
But the work of Merck specialists was not in vain. In early 2018, the Ebola outbreak was again recorded in the Democratic Republic of the Congo. The company sent almost 13,000 dosages to WHO, which were useful for vaccinating 3,300 people. According to the Ministry of Health of the DRC, not a single vaccinated patient has developed a fever. Merck also helped put out a second outbreak in August.
3. Bank of America [banking]
Companies that are changing the world and want to make it better should do the environmental work. Therefore, the main US bank has directed part of its capabilities in this direction. The American financial conglomerate is the world leader in supporting green bonds. These are debt securities issued for investment in projects related to environmental protection. Back in 2007, despite the financial crisis, the company made a commitment to lend, invest and in other ways raise $ 20 billion for the low-carbon economy..
Since then, $ 125 billion has been added to the commitment, and more than $ 96 billion has been used for a variety of purposes that help the economy: from building green skyscrapers in Manhattan to cleaning stoves in Kenya.
Bank of America actually launched a new concept in the market, thanks to which other major players began to issue green bonds: Apple, Southern Co., Commonwealth of Massachusetts.
This is not the first time that a brand decision has become a call to action for the rest. BofA was the first bank to link a plastic card to an account, which opened up enormous prospects for the development of financial services. And by the way, it was from under the wing of this corporation that the National Bank America Card association, which we all know as VISA, separated.
4. Inditex [retail]
Inditex is a Spanish company that owns several clothing retailers. These were originally Zara stores, but now the association includes Pull&Bear, Bershka, Massimo Dutti, Stradivarius, Oysho, Uterque. The market capitalization of ITX now stands at $ 68 billion, and dividends of 3.39% are paid to shareholders. The total number of stores in 88 countries exceeds 6,700.
Inditex maintains credibility and customer demand, not only by following fashion. The company focuses on occupational safety and prefers suppliers who are willing to increase it. In 2012, 80% of ITX brand products were manufactured in the most modern conditions, and in 2017 â already 95%.
In addition, the company independently conducts trainings on employee safety. Much attention is paid to women (85% of the staff) â they are taught to recognize sexual discrimination, to uphold rights and to prove personal worth.
Following ethical and labor standards does not harm Inditex financially. Annual sales growth since 2012 is 7%.
5. Alibaba Group [e-commerce and retail]
Companies that change the world will not do without the Alibaba Group. This is the most famous Chinese corporation â you can hardly find a person who has not heard of the Aliexpress brand. Alibaba is now Amazonâs main strategic competitor. True, giants do not yet intersect in their markets, so rivalry is not obvious.
The reason we included Alibaba Group on this list is the desire to literally drive money into rural China. Last year, a popular mapping service purchased by Alibaba, Auto-Navi launched the Poverty Reduction Map feature in Henan Province. It is designed to stimulate day trips to remote rural areas. The service notes affordable services, helping local restaurants, gas stations and shops attract customers and increase their online presence..
The fact that the Alibaba Group is engaged in projects with a perspective for decades has been known for a long time. So, in 2017, Jack Ma announced the creation of the DAMO Academy (Discovery, Adventure, Momentum, Outlook) â an academy with research laboratories. It is planned that it will last at least 85 years and will work together with leading universities and institutes of the world. The key areas are quantum computing, artificial intelligence, machine learning and, of course, big data analysis. Now the holding already employs 25 thousand engineers and scientists.
The company itself uses artificial intelligence for about three years. Its functions so far include processing customer requests (some of them are 100% complete) and improving logistics.
6. Kroger [retail]
This is an American supermarket chain, founded in 1883 in Ohio. She is the second largest US retailer after Wal-Mart. The network includes many brands both operating in individual directions, and operating in the format of super- and hypermarkets.
To compete with giant rivals such as Wal-Mart and Amazon, Kroger is working to personalize its digital customer experience. In simple words, this means that buyers will receive individual offers with recipes and prepared dishes, taking into account their food preferences. In the summer of 2018, the network teamed up with Nuro to launch an offline shopping delivery service. Nuro was founded by engineers who previously worked at Waymo (a technology maker for unmanned vehicles). This suggests that the electromobile part of the project is in good hands..
Kroger is also taking action against nutritional deficiencies. It is known that almost half of the products produced in the United States are thrown away, while 40 million people remain hungry. The company seeks to change this situation by optimizing the management of domestic waste and donations in partnership with Feeding America. In 2017, their assistance amounted to about $ 325 million. The target for 2025 is $ 3 billion..
7. Xylem [industrial equipment]
Xylem is one of the largest suppliers of water supply and sanitation equipment in the world. He produces products for residential, commercial, industrial facilities, and also invests in the development of innovative solutions for water resources. Xylem is rightly on the list of companies that are changing the world.
The stated mission of the brand is extremely relevant â to solve the problem of water. It is estimated that by 2025, approximately 1.8 billion people (25% of the worldâs population) will live in arid areas. Therefore, Xylem is working on the implementation of âsmart infrastructureâ and plans not only to cover the planet with a water supply network, but to introduce technology with touch controls that will reduce resource loss (and this is up to 60% of the total in developing countries).
Xylemâs developments also concern more efficient wastewater treatment. They will help cities cope with floods and other incidents caused by climate change..
Xylem is involved in solving less global problems. Technical experts of the company made a pumping system, which was used in the release of the childrenâs football team, which was flooded in a Thai cave.
8. ABB [industrial equipment]
ABB is an international company from Switzerland that specializes in electrical engineering, power engineering and information technology. It was founded in 1988 as a result of the merger of Brown, Boveri & Cie and ASEA. The company has offices in more than 100 countries, and production facilities are located in Europe, Asia, South America and Russia..
Several ABB technological breakthroughs occurred in 2014:
⢠Developed by YuMi â the first industrial robot designed to work together with humans in the assembly of electronic components.
⢠Developed by HVDC â High Voltage DC Cable System. It increases the transmission power of electricity to 2,600 MW (almost 2 times higher than previously possible). And with underground or underwater cable laying, it is possible to transfer energy to a distance of 1,500 km.
Another important invention of the company is switchgear technology, where sulfur hexafluoride is not used. It will help to establish a high-voltage power supply, in which greenhouse gas is not produced.
ABB also facilitates the transition of people from fuel cars to electric vehicles. The company has already installed more than 7,000 charging stations worldwide. According to rough estimates, this has saved up to 2 million gallons of gasoline over the past seven years..
9. Weight Watchers International [business services]
WTW is a company that offers people nutrition systems, manages online weight control services, and sells products under its own brands. The âlose weight togetherâ movement, which unites people struggling with overweight, brought great popularity to it..
The company employs 10,000 instructor leaders who meet with people who want to lose weight. At least half of the revenue the brand receives from them. About a quarter of revenue â online sales.
At this point, âweight watchersâ work only in North America, the UK and continental Europe..
There are dozens of countries in the world in which at least 20% of the population suffers from obesity. This is a serious issue that Weight Watchers International understands. The company has built a business worth $ 1.3 billion in the fight against obesity, the formation of the right eating habits and motivation for a healthy lifestyle.
An important part of WTWâs work is the fight against stigma that keeps men from losing weight. In particular, for their popularization, the brand attracts well-known speakers, for example, DJ Khaled.
10. Hughes Network Systems [network communications]
Companies that are changing the world and the final ranking position. Hughes Network Systems is a leader in the design and manufacture of equipment for broadband satellite systems for both the private and corporate markets..
When Hurricane Maria hit Puerto Rico in 2017, the islandâs communications infrastructure was badly damaged. In collaboration with Disaster Relief, Support Hughes launched a network that helped organize rescue operations and coordinate physicians. Thanks to this, people received help in all areas of the island that were affected and cut off from the world..
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