Apple places number three on Fortune magazine’s “Change the World” list. JPMorgan Chase and DSM are ahead of the tech giant on the list.
The Change the World list recognizes companies that have had a positive social impact through activities that are part of their core business strategy. Fortune prioritize companies with annual revenues of $1 billion or more. Fortune writers and editors, with help from partners at FSG and Shared Value Initiative, evaluate and rank the companies by these three factors: measurable social impact; business results; and degree of innovation.
Here’s what the magazine has to say about Apple: “With roughly a billion of its smartphones, computers, and other gadgets in circulation, Apple has a larger cultural footprint than any other tech company. In an interview with Fortune executive editor Adam Lashinsky, featured in this month’s issue of Fortune, Apple CEO Tim Cook makes the case that those products are intrinsically a force for good—from the process of their construction (Apple runs its own facilities overwhelmingly on renewable energy), to their potential as a tool for medical research, to the 2 million U.S. jobs Apple believes it creates through its ‘app economy.’ The value of this $815 billion company, in other words, goes far beyond its market cap.”