Vaisala recognized in TIME Magazine's new World's Best Companies - Sustainable Growth study

BEIJING, Nov. 29, 2024 /PRNewswire/ -- Vaisala takes 38th place in the first edition of World's Best Companies – Sustainable Growth ranking by TIME Magazine and Statista. From over three thousand companies assessed, 500 were selected to the final ranking based on revenue growth, financial stability, and taking care of the environment.

Vaisala, a global leader in measurement technology, has been recognized in the first edition of TIME's "World's Best Companies – Sustainable Growth" study. The study, conducted by TIME Magazine in collaboration with Statista, globally identifies companies that have shown outstanding performance in sustainable growth.

This recognition underscores Vaisala's dedication to being both profitable and good for the planet.

"As the climate is in an alarming state, it is our responsibility towards our stakeholders – owners, customers, colleagues, and the planet alike – to be a growing tech leader enabling climate action. For us, caring for the climate and driving sustainable growth go hand in hand, and it is a true honor to be recognized by TIME for precisely this combination," says Vaisala's President and CEO Kai Öistämö.

The analyst team at TIME and Statista commented on Vaisala's performance:

"With solid growth and very high marks in our financial stability metrics, Vaisala was high up in our rankings even before we included environmental data. However, driven by near-total green energy use, Vaisala received among the highest scores of any company in our ranking among our three measures of Scope 1 and 2 CO2 emissions absolute amount, carbon intensity, and carbon intensity compared to others in the industry."

"Overall, Vaisala not only placed first in sustainability (as well as overall score) among the Finnish companies we evaluated but also among the top 3% of companies in its sustainability score – an impressive accomplishment, especially for a manufacturing company," the analysts concluded.

www.vaisala.com