TIME Magazine and Statista’s statistics website have ranked the best companies of 2023 for the first time. The result is that Microsoft has edged out Apple as the best company in the world.
TIME’s scoring method is based on three main factors: employee satisfaction surveys, revenue growth, and Environmental, Social, and Governance (ESG) dimensions. The latter two factors are referenced from Statista’s database.
Microsoft scored a total of 96.46, narrowly surpassing Apple’s score of 96.36. Alphabet ranks third, followed by Meta in fourth place and Accenture in fifth place. Microsoft also secured the top spot for employee satisfaction.
According to TIME, the entire tech industry has performed well in the ESG aspect, with companies emitting less carbon compared to other industries such as aviation, hospitality, and manufacturing. Additionally, the top four companies all scored high in the employee satisfaction category, although their rankings may have fluctuated.
Accenture emerged as the company with the highest sustainability score, attributed to its genuine efforts in carbon reduction and organizational diversity. Half of Accenture’s board members are women, including its current CEO, Julie Sweet.
TLDR: Microsoft tops TIME Magazine and Statista’s ranking as the best company of 2023, narrowly surpassing Apple. The tech industry excels in ESG aspects and employee satisfaction, with Accenture achieving the highest sustainability score, driven by its carbon reduction and organizational diversity efforts.