Our Largest Holdings

At A Glance

HKND

Alphabet, Inc.

GOOGL

Total Humankind Value: $2.4 T

Alphabet is best known for being the parent company of Google, a giant in internet services and technology. Google’s products outside of internet search include Android devices and operating systems, the web browser Chrome, and the navigation services known as Google Maps. Other subsidiaries include the video-sharing platform YouTube, the ad-management company DoubleClick, the navigation provider Waze, the fitness device producer Fitbit, among others.

The modern technology sector includes companies that provide free services that users find valuable. When was the last time you paid for an internet search? Have you ever used otherwise idle time waiting in line to return an email? In our current world, access to internet search, maps, messaging, and digital media add value to people’s lives beyond company profits. Alphabet, Inc. has earned a spot in our top 100 because of its positive impact on Internet Search ($1.6 T), Email ($607.4 B), and Maps ($142.2 B). It is our top company in all three categories. However, there is room for improvement with respect to Consumer Data Harvesting (-$50.7 B) and Internet Addiction (-$4.7 B). Alphabet’s Humankind Value from Internet Search, Email, Maps, Data Harvesting, and Internet Addiction can be attributed to its direct business activities.

Verizon Communications, Inc.

VZ

Total Humankind Value: $452.2 B

Verizon Communications, Inc. is a wireless network operator known for its cell phone and internet services. It connects Americans through its LTE network, sells devices, and offers home TV and internet connections.

Much of Verizon’s positive Humankind Value comes from its contributions to Email ($298.6 B), Internet Search ($88.4 B), and Economic Value ($42.6 B). Out of the companies we have analyzed, Verizon is in the top ten for Email and Internet Search.

Modern life is highly dependent on smart phones and broadband internet access. It is difficult to think of any aspect of daily life that does not involve these modern technologies. Our research has shown that there is substantial Humankind Value in free online services such as internet search. Verizon provides the infrastructure for internet access and operates some of these free online services. The company also produces economic value by offering to consumers goods and services that they value, paying employees for their labor in producing these goods and services, and providing value for shareholders.

However, Verizon has room for improvement with respect to Greenhouse Gases (-$1.9 B). We attribute Email, Internet Search, and Economic Value to the company as a result of its direct business activities, while Biofuel Production and Greenhouse Gases are mostly or entirely a result of its supply-chain relationships.

Apple, Inc.

AAPL

Total Humankind Value: $275.7 B

Apple, Inc. is a technology company known for its software, computers, and smartphones. It is among the leaders in the technology space thanks to the innovations reflected in its products. Connecting people with modern digital tools, Apple is important to the way many people work and find entertainment.

This company has a net-positive Humankind Value, an outcome largely driven by its contributions to Internet Search ($137.3 B), Economic Value ($91.4 B), and Email ($25.3 B). Modern life is highly dependent on smart phones and broadband internet access. Our research has shown that there is a large amount of Humankind Value associated with free online services such as internet search. Apple provides the smart phones, computers, and other devices that consumers use to access these services. Apple produces economic value by offering to consumers goods and services that they value, paying employees for their labor in producing these goods and services, and providing value for shareholders.

Out of the companies we have analyzed, Apple is in the top ten for Internet Search and Email. It could improve, however, with respect to Data Harvesting (-$16.9 B) and Greenhouse Gases (-$10.5 B). Apple’s direct business activities are responsible for its impact on Internet Search, Economic Value, Email, and Data Harvesting. Its impact on Greenhouse Gases is mostly or entirely attributed to Apple’s supply-chain relationships.

Procter & Gamble Co.

PG

Total Humankind Value: $326.9 B

Procter & Gamble Co. is a consumer goods company known for cleaning and personal care products. Its brands include household names such as Tide, Gain, Ariel, Pampers, Charmin, Bounty, Tampax, Gillette, Head & Shoulders, Febreze, Crest, Oral-B, Vicks, Pepto-Bismol, ZzzQuil, Olay, and Old Spice. Procter & Gamble also conducts research & development in its business areas.

We attribute considerable positive value to Procter & Gamble’s impact on Hygienic products ($276.2 B), Healthcare R&D ($28.4 B), and Economic Value ($19.5 B). Companies that offer hygienic products receive a positive Humankind Value in our research as these products extend life expectancies by reducing the burden of infectious disease. The company produces economic value by offering to consumers goods and services that they value, paying employees for their labor in producing these goods and services, and providing value for shareholders.

With respect to the Hygienic products category, Procter & Gamble is our top company. In the Hygienic Products category, its positive Humankind Value includes the impact of an estimated 5,731,187.11 additional life years worldwide. However, there is room for improvement as Greenhouse Gases (-$6.1 B) and Air Pollution (-$4.9 B) from Procter & Gamble have a significant negative impact. Hygienic products, Healthcare R&D, Economic Value, Greenhouse Gases, and Air Pollution are attached to this company as a result of its direct business activities.

Microsoft Corp.

MSFT

Total Humankind Value: $296.9 B

Microsoft Corp. is a technology company long known for its Windows computers, Xbox consoles, and software that includes Windows operating systems, Microsoft Office, and the web browser Edge. Microsoft provides digital tools and a medium for businesses, educational institutions, and other organizations around the world to connect.

Our research recognizes the large share of the e-mail space served by Microsoft, which is a net positive for society. Microsoft also derives value from its role in providing free internet search. This represents a lot of value beyond profit and helps make Microsoft a net-positive Humankind Value company. The greatest contributors to this positive outcome are Email ($160.3 B), Internet Search ($98.6 B), and Economic Value ($38.6 B). Microsoft is among the top ten companies that contribute to Email and Internet Search out of the companies we have analyzed. The company produces economic value by offering to consumers goods and services that they value, paying employees for their labor in producing these goods and services, and providing value for shareholders. However, there’s room for improvement with respect to Data Harvesting (-$4.5 B) and Workplace Injuries (-$1.2 B). Email, Internet Search, Economic Value, Data Harvesting, and Workplace Injuries are attached to this company because of its direct business activities.

Deere & Co.

DE

Total Humankind Value: $204.8 B

Deere & Co. manufactures equipment used in agriculture, forestry, construction, diesel vehicles, and lawn care. Its signature products are sold under the brand name John Deere. The company also has a family of brands related to machinery, robotics, and agriculture.

Deere & Co. generates positive Humankind Value on balance, primarily because of its contributions to Crop Production ($288.9 B), Economic Value ($15.2 B), and Medical Services ($3 B). Producing enough to feed billions of people is a systemic challenge addressed by modern crop types, synthetic fertilizers, tailored pesticides, and efficient irrigation, but accomplishing this feat with just a small percentage of the workforce can be attributed to industrial agricultural machinery. As one of the world’s largest producers of tractors and other farm equipment, Deere benefits from its pivotal role in enabling global food production. Deere & Co. is one of the top ten companies for Crop Production of all the companies we have analyzed, adding an estimated 5,993,923.5 equivalent years of life not lost to death or reduction in quality of life. It also produces economic value by offering to consumers goods and services that they value, paying employees for their labor in producing these goods and services, and providing value for shareholders.

However, Deere & Co. has room for improvement with respect to Calorie Conversion (-$61.7 B) and Air Pollution (-$18.3 B). The company’s impact on Crop Production, Economic Value, Calorie Conversion, and Air Pollution are largely consequences of supply chain partners linked to the company. For this firm, supply chain partners increase its already positive Humankind Value.

Johnson & Johnson

JNJ

Total Humankind Value: $725.7 B

Johnson & Johnson researches and produces pharmaceuticals, develops medical devices, and produces consumer products both directly and through its subsidiaries. Its pharmaceutical arm, Janssen Pharmaceuticals, works to research diseases. J&J also sells well-known consumer goods including Band-Aid, Tylenol, Johnson’s Baby, Clean & Clear, and Acuvue products.

Healthcare is a central component of our measure of Humankind Value, as a large contribution to modern life expectancies has come from the last 150 years of medical innovation. Johnson & Johnson is responsible for positive Humankind Value. Notable sources of positive value are Healthcare R&D ($397.6 B), Pharmaceuticals ($165.4 B), and Medical Devices ($124.9 B). Out of every company we have analyzed, Johnson & Johnson is in the top ten for Healthcare R&D, Pharmaceuticals, and Medical Devices. The value associated with these categories alone includes an estimated 14,272,922.5 additional years lived by people worldwide.

This firm could increase its Humankind Value by addressing Greenhouse Gases (-$5.9 B) and Opioid Abuse (-$2.1 B). Healthcare R&D, Pharmaceuticals, Medical Devices, and Greenhouse Gases are attached to this company as a result of its direct business activities. Opioid Abuse is mostly or entirely a result of supply-chain relationships.

Pfizer Inc.

PFE

Total Humankind Value: $678.6 B

Pfizer Inc. is a pharmaceutical and biotechnology company that produces medicines and vaccines. Its medications treat heart disease, cholesterol, depression and other mental health disorders, Leukemia, pain and inflammation, infections, and more. It developed the Pfizer-BioNTech vaccine, a widely distributed vaccine against COVID-19. Pfizer’s research pursues scientific breakthroughs and its medicines aim to create a healthier world for everyone.

Notable sources of Pfizer’s positive Humankind value are Healthcare R&D ($472.0 B), Pharmaceuticals ($185.8 B), and Economic Value ($19.6 B). Pharmaceutical R&D is one of the most important sources of gains to human life expectancy. The company produces economic value by offering to consumers goods and services that they value, paying employees for their labor in producing these goods and services, and providing value for shareholders.

Pfizer is our top company in Healthcare R&D and is in the top ten for Pharmaceuticals out of every company we have analyzed. The value associated with Healthcare R&D and Pharmaceuticals contains our estimation of 13,649,034.6 additional years lived by people worldwide. Downsides for this company are its contribution to Greenhouse Gases (-$3.9 B) and Air Pollution (-$782.6 M). Healthcare R&D, Pharmaceuticals, Economic Value, Greenhouse Gases, and Air Pollution scores for this company are a result of its direct business activities.

Corteva, Inc.

CTVA

Total Humankind Value: $187.6 B

Corteva, Inc. is an agriscience company that is completely dedicated to agriculture. It works to deliver seed, chemical, crop protection, and digital service solutions. Together, these services support agricultural businesses by giving them tools to protect their crops and to run their businesses effectively.

Corteva creates positive Humankind Value with major contributions to Crop Production ($207.3 B) and Economic Value ($8.8 B). Our modern food systems result in relatively stable and low prices, and thus profits, that do not reflect the full life-sustaining value of food. Corteva produces economic value by offering to consumers goods and services that they value, paying employees for their labor in producing these goods and services, and providing value for shareholders.

Its work in Crop Production category adds an estimated 4,301,045.7 equivalent life years, in which people avoided death or a reduced quality of life. Corteva has room for improvement, however, in the areas of Calorie Conversion (-$15.0 B) and Air Pollution (-$8.7 B). Its impact on Crop Production, Calorie Conversion, and Air Pollution are largely consequences of the actions of supply chain partners, while we attribute its Economic Value to direct business activities. For this firm, relationships with supply chain partners increase its already positive Humankind Value.

Bunge Ltd.

BG

Total Humankind Value: $206.0 B

Bunge Ltd. is an agribusiness and food company that processes food and trades soybeans, seed oils, grains, and fertilizer. Connected up and down the supply chain, Bunge has made a big impact on feeding people around the world.

Bunge has a spot in our top 100 in large part because of its contributions to Crop Production ($335.9 B) and Economic Value ($15.6 B). Bunge is one of the ten best companies for Crop Production out of the companies we analyzed. Positive value from Crop Production includes the impact of an estimated 6,970,139.2 equivalent years of life not lost to death or reduction in quality of life. Bunge produces economic value by offering to consumers goods and services that they value, paying employees for their labor in producing these goods and services, and providing value for shareholders.

Downsides for this company are associated with Calorie Conversion (-$53.7 B) and Biofuel Production (-$40.8 B) which could be areas of improvement. Biofuel is a fuel derived from biomass, such as crops. Edible biomass sustains human life and, as a result, yields a high amount of Humankind Value. Some companies use inputs that could contribute to the food supply, like crops, for biofuel production. For these companies we deduct Humankind Value to offset some or all credit given for food production. The impact on Biofuel Production is a result of the company’s direct business activities. Other sources of both positive and negative Humankind Value, from Crop Production, Economic Value, and Calorie Conversion come from Bunge’s supply-chain relationships. The direct Humankind Value for this firm, in a vacuum, is negative. But with our supply-chain methodology, we can see a more complete and positive picture of Bunge’s total impact.

AbbVie, Inc.

ABBV

Total Humankind Value: $495.0 B

AbbVie, Inc. is a biopharmaceutical company that specializes in pharmaceutical research and drug manufacturing. Its medications treat autoimmune diseases, cancers, HIV/AIDS, and arthritis, among other conditions.

AbbVie creates positive Humankind Value on the whole. Considerable positive value is associated with its Healthcare R&D ($356.5 B), Pharmaceuticals ($121.4 B), and Economic Value ($11.6 B). Healthcare is a central component in how we measure Humankind Value because a large contribution to modern life expectancies has come from the last 150 years of medical innovation. The company produces economic value by offering to consumers goods and services that they value, paying employees for their labor in producing these goods and services, and providing value for shareholders.

AbbVie is among the top ten companies for both Healthcare R&D and Pharmaceuticals out of the companies we have analyzed. Positive value from these two categories includes the impact of an estimated 9,914,591.2 additional years lived by people worldwide. The Humankind Value of this company could improve with reductions in Greenhouse Gases (-$3.1 B) and improvements in its impact on Opioid Abuse (-$2.1 B). Healthcare R&D, Pharmaceuticals, Economic Value, Greenhouse Gases, and Opioid Abuse are attached to this company as a result of its direct business activities.

Bristol-Myers Squibb Co.

BMY

Total Humankind Value: $451.4 B

Bristol Myers Squibb Co. is a pharmaceutical company that researches and develops medicines. It has made advancements in treatments of cancer, blood disorders, diabetes, and heart disease, among others. It also promotes better global access to medicines and health education.

Bristol Myers Squibb is responsible for positive Humankind Value largely because of its work in Healthcare R&D ($308.6 B), Pharmaceuticals ($132.7 B), and its Economic Value ($9.8 B). The last 150 years of medical innovation have contributed to modern life expectancies, which is why Healthcare is important to our measure of Humankind Value. The company produces economic value by offering to consumers goods and services that they value, paying employees for their labor in producing these goods and services, and providing value for shareholders.

This company is among the ten best companies for Healthcare R&D and Pharmaceuticals out of the companies we measured. We estimate that its contributions in these fields added 9,156,364.5 additional life years globally . This firm can increase its Humankind Value by addressing Greenhouse Gases (-$2.6 B) and Air Pollution (-$540.8 M). Healthcare R&D, Pharmaceuticals, Economic Value, Greenhouse Gases, and Air Pollution are attached to this company as a result of its direct business activities.

Eli Lilly And Company

LLY

Total Humankind Value: $397.7 B

Eli Lilly & Co. is a pharmaceutical company that researches and treats diabetes, cancer, depression, heart disease, and other illnesses. It is known for being the first company to commercialize insulin, which treats diabetes, and for Prozac, which treats depression.

Eli Lilly & Co. has earned a spot in our top 100 for its considerable positive value associated with Healthcare R&D ($326.0 B), Pharmaceuticals ($64.8 B), and Economic Value ($6.4 B). Healthcare is important to Humankind Value, as a large contribution to modern life expectancies has come from the last 150 years of medical innovation. The company produces economic value by offering to consumers goods and services that they value, paying employees for their labor in producing these goods and services, and providing value for shareholders.

Of the companies we analyzed, Lilly is in the top ten for the Healthcare R&D category. Lilly’s positive value in Healthcare R&D and Pharmaceuticals is linked to an estimated 8,109,159.0 additional life years for people worldwide. However, there is room for improvement with respect to Greenhouse Gases (-$1.3 B) and Air Pollution (-$265.2 M). We attribute Lilly’s impact on all these categories to the company’s direct business activities.