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00:05 The Change the World list recognizes companies that are using the profit motive
00:09 and using their business models to have a positive impact on people and
00:14 on the planet.
00:15 It's also important to us that you are making money.
00:17 We do wanna make sure that this is not charity, but business.
00:20 The list isn't ranked.
00:23 I like to use the metaphor of a hall of fame, for example, in football or
00:27 baseball, each year a new class of great performers gets elected to the hall of
00:31 fame, but nobody really tries to rank them by how good they are relative to each other.
00:37 This year, especially with climate change awareness becoming more and
00:41 more urgent, we zeroed in a little more tightly on efforts to
00:45 sharply lower carbon dioxide emissions.
00:48 We gave quite a bit of space to companies in the United States that are working to
00:52 accelerate the rate at which Americans convert from internal combustion engines
00:57 to electric.
00:58 Drivers are worried that they might not have access to electric chargers if they
01:02 buy an EV.
01:04 One of the companies that's doing the most to fight against that is a company
01:07 called ChargePoint.
01:08 They operate a huge network of charging stations across North America.
01:14 And all these EVs are gonna need batteries as well.
01:16 So we are recognizing a South Korean company called SK-ON.
01:21 They have been partnering with Ford and Hyundai and Volkswagen and
01:26 other companies to essentially build battery factories here in the United
01:29 States so that the United States has a safe supply chain.
01:33 Food waste actually generates quite a bit of greenhouse gas when it rots in landfills.
01:38 So we looked at companies that are trying to make sure that less of the food that we
01:41 produce winds up getting thrown away.
01:44 This year in particular, we saw more companies than usual that are working on
01:47 figuring out how to reach displaced people.
01:50 There's a record high number of displaced people in the world right now.
01:53 And a lot of companies are trying to figure out how can I give them the skills
01:56 to have some economic security?
01:58 How can I help them find the right place to settle?
02:00 Help them become my customers by making their lives more economically stable.
02:04 For example, we're recognizing Chobani, which launched a few years ago,
02:08 what's called the Tent Partnership for Refugees.
02:11 This is a coalition of about 300 companies worldwide that have all committed to
02:16 providing job training and jobs for these displaced populations.
02:21 That does not immediately generate a profit, but it does create a workforce that can
02:24 then work for those companies.
02:26 So in the long run, they are benefiting by filling their own labor needs with a
02:32 population that really needs the help.
02:35 There's a lot of attention being given by companies to helping younger people and
02:40 people who aren't sort of financially established in their lives get a little
02:43 bit of traction in the broader economy.
02:47 Isusu, they help younger people and people who've been having financial
02:51 difficulties build up their credit scores.
02:54 So what Isusu will do is help these people essentially earn credit for
02:59 things like on-time rent payments.
03:02 Isusu reports those to credit bureaus, the credit bureaus register them,
03:05 and it bumps up the payers' scores.
03:08 That's going to help them down the road when they need to borrow money for
03:10 an auto loan or to get a mortgage.
03:13 Abbott, the big health care company, they have a very innovative program designed
03:17 to help younger employees use the company's 401(k) program to help them pay
03:24 down their student loans.
03:25 Whenever they make a payment on those loans, the company puts a matching
03:29 contribution in their retirement savings.
03:31 That's important because often younger people have to really choose between
03:34 saving for the future and paying off their education.
03:37 Thanks to some recent changes in federal tax law, a lot of other companies are
03:41 going to be able to follow their lead starting next year.
03:45 The population of companies that are trying to have a positive social impact
03:49 is definitely growing.
03:51 Younger workers, millennials, Gen Z, very much want to work for companies that
03:54 have a positive purpose.
03:56 More and more companies are recognizing that to invest in protecting the planet,
04:01 to invest in building up the skills of the people in their communities,
04:05 is going to essentially protect their revenue and their profits and allow them
04:08 to continue to operate and continue to create wealth.
04:13 Fortune publishes the Change the World list partly because we're still quite
04:16 bullish and quite optimistic about the ability of business to solve different
04:21 social problems.
04:22 In fact, in a lot of instances, we think that businesses can act and make a
04:26 difference when governments are struggling to do so.
04:29 At the same time, we're a really established business media brand.
04:34 Our voice means something in the business community, and we believe that by
04:37 recognizing companies that are making a difference, we're adding another
04:41 incentive for people to do great things and boast about them.
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