SB20: The World's Top Sustainable Business Stocks
2009 marks the eighth year for the SB20, which is presented in our
green investing newsletter, Progressive
Investor. Each year, we work with a group of judges who are
leading green stock analysts to select the companies.
Learn more about green stocks to invest in or Subscribe to Progressive Investor.
The purpose of the SB20 - the Sustainable Business 20 - is to showcase
the most innovative, model companies that have the potential to greatly
impact our ultimate goal of reaching a sustainable economy.
The challenge we give our judges is to nominate, discuss and then vote on 20 companies that, through their products or initiatives, are contributing substantially to the advance of a sustainable economy.
To be on the list, companies must be strong on both the green
and financial sides. It is not a "buy" list, but because the companies
are strong financially, their stock may well be worth be buying at
some point based on stock market positioning. We strive to choose
companies of various sizes, industries and parts of the world, but
the list doesn't constitute a diversified portfolio.
Over the years we've found the exercise of choosing only 20 companies
has enabled us to zero in on the truly outstanding companies that
stand head and shoulders above the crowd. We do it based on the deep
knowledge and experience of our judges, rather than by using numerical
formulas. We've been able to choose small, medium and large companies
from every region of the world. So here's how we do it and who we
do it with:
Our judges decide on the 20 companies that make the list based on the following Sustainability and Financial criteria:
Sustainability Criteria: The most exciting companies
in terms of how they are conducting their business, or in the disruptive
green technologies they are advancing that solve our environmental
problems and lead us to a sustainable society. In particular, they
have a very strong GREEN story, with the ability to have widespread
Companies must have made major announcements and/or significant progress
in meeting targets over the past year.
Financial Criteria: Companies are preferably profitable with
strong management and balance sheets. Development stage companies
must have revenue and be on track to profitablity. Each company would
enhance an investment portfolio although it may not be in buying position
Our judges are some of the most respected green portfolio analysts
in the world:
- Jules Frieder, Environmental Analyst, Calvert Group
- Rafael Coven, Managing Partner, Cleantech
- Matt Patsky, Managing Director, Winslow
- Elizabeth Levy, Environmental Analyst, Winslow
- Ton Rennen, Senior Sustainability Analyst, Triodos
- Arthur van Mansvelt, Sustainability Analyst, Triodos