ESG Investing, Explained: 10 Top Socially Responsible Stocks

Sustainable investing is a fast-growing sector of the stock market as more and more investors seek to balance their portfolios with a socially conscious approach. If you’re investing, you’ve probably heard a lot about ESG investing, which stands for Environmental, Social, and Governance issues. ESG investing involves identifying companies that score well across these three areas and are considered the best performers regarding ESG factors.

Here Are the Top 10 Socially Responsible Stocks

Nvidia

As technology advances and grows, so does the need for more computer power. But rather than create newer and more efficient computer chips, companies like Nvidia are investing their time and money into making more efficient use of the ones we already use. For example, Nvidia’s technology is being used to run blockchain networks (which have become increasingly popular due to their transparency and security). Still, they’re also being used to power self-driving cars.

Microsoft

They should be investments your company wants to make, suitable for the long term. One company that does this well is Microsoft. Microsoft makes products that help people in just about every part of the world, and they do so in sustainable ways. They are always trying to find ways to change to be more sustainable. 

Best Buy

Best Buy is an American multinational corporation headquartered in Richfield, Minnesota that sells consumer electronics, personal computers, entertainment software, and home appliances. The company is the largest specialty retailer of consumer electronics, personal computers, and appliances in the United States. The company employs more than 155,000 people worldwide.

Adobe

Adobe sells its software to millions of people worldwide who have creative jobs, and Adobe is an industry titan in graphic design, photography, and video editing. But Adobe does more than making products for consumers. Adobe also sells its products and services to businesses, and it’s a leader in the cloud computing industry, offering software and data storage. Adobe is also a leader in social responsibility, working to make Adobe’s products inclusive for all talent.

Levi Strauss & Co.

Levi Strauss & Co. is an iconic American brand best known for its flagship jeans. But the company has a rich history that goes far beyond its clothing. Levi Strauss was a California storekeeper, an immigrant from Germany.

Teladoc Health

Teladoc Health is a company that practices “socially responsible investing.” The company believes investing in companies whose values align with theirs is a win-win for both the company and the investor. They invest in companies whose core values are guided by three principles: caring for patients, promoting their communities, and investing in their employees.

Home Depot

Some investors are more concerned with social issues than they are with making money. These socially aware investors seek ways to put their money to use, supporting causes important to them, and one of the best ways to do so is by investing in companies that help the environment. One of the easiest ways to get started is with a company that can boast a huge customer base: The Home Depot.

NextEra Energy

NextEra Energy is a Fortune 500 company based in Florida and is one of the largest utilities in the US. They are an environmentally conscious company and are committed to providing clean and sustainable energy. As a socially responsible stock, NextEra Energy has awarded $4.5 billion in grants and donations over the last ten years.

Intuit

Intuit is a company that makes it easy to capture, store, and analyze data. The company provides industry-leading software for businesses to track expenses and sales, manage inventory, pay employees, file taxes, and more. Intuit has evolved into one of the world’s leading providers of financial management and business management software.

Idexx Laboratories

If you are looking for socially responsible stocks, look no further than Idexx Laboratories (IEX). This clinical diagnostic testing company is headquartered in Memphis, Tennessee, with over 2,500 employees worldwide. The company specializes in medical diagnostics, focusing on diagnostic tests for women’s health and infectious diseases.

Stocks are one of the best ways to invest your money. Unlike savings accounts, you can’t touch your stocks. They increase in value over time and are often a good safety net for your savings. But there are also a lot of socially responsible stocks to consider that, in addition to providing a good return for your investment, also help make the world a better place.

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