The relationship between the corporate sector and the well-being of the population has always been controversial. Meanwhile, companies like Apple Inc. (NASDAQ:AAPL), Pfizer Inc. (NYSE:PFE), and Walmart Inc. (NYSE:WMT) are changing people’s lives and helping them improve their health, stay connected, and shop. They made it possible. Countless products at low prices. On the other hand, some of the world’s most controversial companies are also some of its most valuable. The best examples are giant oil companies like Exxon Mobil Corporation (NYSE:XOM) and Chevron Corporation (NYSE:CVX), which are targets of environmental activists because of the environmentally damaging effects of their products. This is often the case.
Balancing these two elements. The negative externalities that arise from the costs of doing business and the benefits to society of private companies are an area called environmental, social, and governance (ESG). ESG only seeks to invest in companies that are aware of the environmental impact of their business activities and are actively working to reduce that impact. This is a relatively new phenomenon, and despite its noble goals, the trend seems to have hit a roadblock recently.
This is because the stock market environment of 2024 will be vastly different from the “environment” of 2018, when ESG investment was at its peak. Sustainable investing rose to $30 trillion in 2018 as investors forced companies to become more climate-aware and favored companies that took the initiative. However, interest rates in 2018 were not as high as they are now, and inflation had not yet felt the effects of easy monetary policy and disruptions to global supply chains.
Look at the five best ethical companies to invest in 2024.
5. NVIDIA Corporation (NASDAQ:NVDA)
Number of hedge fund shareholders in Q4 2023: 173
NVIDIA Corporation (NASDAQ:NVDA) is the darling of Wall Street’s artificial intelligence. In April 2024, NVIDIA Corporation (NASDAQ:NVDA) stock price plunged 10% compared to peer Super Micro’s plunge, although the company’s stock price has risen 198% over the past year. In response, Wall Street’s fears about AI came to the fore. result.
4. Alphabet Inc. (NASDAQ:GOOGL)
Number of hedge fund shareholders in Q4 2023: 214
Alphabet Inc. (NASDAQ:GOOGL) is one of the world’s largest technology companies. In April 2024, the company announced it would invest $640 million to establish a new data center in the Netherlands, an announcement befitting its size.
3. Meta Platforms, Inc. (NASDAQ:META)
Hedge Fund Shareholders in Q4 2023: 242
Meta Platforms, Inc. (NASDAQ:META) is the world’s largest social media and communications company. Metaplatforms appeared to throw a wrench into the AI market in April 2024, according to company CEO Mark Zuckerberg. (NASDAQ:META) announced the Llama 3 model, which it claims is one of the world’s most powerful open source AI platforms.
2. Amazon.com, Inc. (NASDAQ:AMZN)
Number of hedge fund shareholders in Q4 2023: 293
Amazon.com, Inc. (NASDAQ:AMZN) is the world’s largest e-commerce retailer. One of the vendors. world. Like other mega-cap stocks, the company is focused on AI, and in April announced plans for its AWS division to host other companies’ AI models.
1. Microsoft Corporation (NASDAQ:MSFT)
Number of hedge fund shareholders in Q4 2023: 302
Microsoft Corporation (NASDAQ:MSFT) is a global giant in consumer software and enterprise computing. The company scored a big win in April 2024 when beverage giant Coca-Cola signed a $1.1 billion deal to use Microsoft Corp.’s (NASDAQ:MSFT) AI and cloud computing platform.
