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GSK, IDE and GE lead Fortune’s ‘Change the World’ list

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Fortune Magazine has for the second year published its ‘Change the World’ ranking of 50 companies tackling major world problems. Top of the list is pharma company GlaxoSmithKline (GSK), for its drug pricing strategy and local reinvestment programmes in the developing world. Following GSK are Israeli desalination company IDE Technologies, and General Electric, which has to date invested $17 billion in clean tech R&D through its Ecomagination strategy. Fortune’s aim is to identify companies creating “scalable positive change that’s brought about by business investment”, rather than CSR or philanthropy programmes. The new ranking is markedly different from last year’s – the 2015 leaders Vodafone, Google and Toyota do not appear anywhere in this year’s top 50. But Fortune says the list is a good predictor of business performance, with last year’s publicly-traded constituents having made a 16.6% median return since publication. Fortune says smaller “on the cusp” companies to watch in the years ahead include home-decor company West Elm, recycling firm TerraCycle, and retailer H&M, for its circular economy efforts. (Fortune)