Clean200 Outperforms Dirty Energy and ACWI Indexes Despite Political Headwinds over 10 Years
FOR IMMEDIATE RELEASE
MEDIA CONTACT: Ryon Harms, [email protected], 310-730-9407
The 13th Clean200 list since 2016 shows the global sustainable economy is advancing on sound economic fundamentals, not political rhetoric.
EL CERRITO, CALIFORNIA—FEB. 18, 2026 — As You Sow and Corporate Knights today released the 13th edition of the Carbon Clean 200™, also known as the Clean 200™, a global list of 200 publicly traded companies leading the sustainable economy through clean energy, electrification, efficiency, and enabling technologies.
Selected from 8,229 global companies, the 2026 Clean200 highlights firms generating substantial revenue from products and services aligned with the Corporate Knights Sustainable Economy Taxonomy, while meeting rigorous material-business screens.
Together, Clean200 companies now derive an average of 53.7% of their revenue from sustainable activities, representing more than $2.8 trillion in annual sustainable revenue.
Measured on a sustainable revenue-weighted basis, the Clean200 has continued to deliver strong financial performance. As of January 26, 2026, the index generated a total return of 282.9% since its July 1, 2016 inception, compared with 111.0% for the MSCI ACWI/Energy Index of fossil fuel companies and 221.3% for the broader MSCI ACWI.
A $10,000 investment in the Clean200 in July 2016 would have grown to $38,290 by January 26, 2026, versus $21,100 for the fossil fuel benchmark.
Today, the latest Clean200 findings will be presented in a public webinar and discussion, highlighting company additions and removals, recent performance, and global transition trends.
Key Findings
The 2026 Clean200 is concentrated in Asia-Pacific (36%), Europe (33%), and North America (26%).
The United States leads with 41 companies, followed by China (28) and Japan (15).
Information Technology companies generated the largest share of sustainable revenue at $782 billion, followed by Consumer Discretionary ($649 billion) and Industrials ($611 billion).
Across the Clean200, companies’ sustainable revenue share is more than three times higher than that of MSCI ACWI peers.
Industrials account for the largest number of companies (50), followed by Consumer Discretionary (32) and Materials (30).
“In 2016, we created the Clean200 in response to investors who asked, ‘As we shift away from fossil fuels, what should we invest in?’” said Andrew Behar, CEO of As You Sow and report co-author. “A decade later, the Clean200 continues to demonstrate that the global economy is increasingly driven by companies delivering solutions that reduce dependence on fossil fuels and resource-intensive systems.”
“The Clean200 follows revenues, not rhetoric,” said Toby Heaps, CEO of Corporate Knights and report co-author. “Even when politics turns hostile, markets continue to reward companies that are supplying what the global economy is structurally demanding — clean power, electrification, efficiency, and resilient infrastructure.”
Methodology
The Clean200 ranks the largest publicly traded companies by clean revenue in U.S. dollars, based on alignment with the Corporate Knights Sustainable Economy Taxonomy. To be eligible, companies must earn more than 10% of total revenue from clean sources.
The ranking excludes companies involved in fossil fuels, majority fossil-fired utilities, weapons, deforestation-linked commodities, private prisons, harmful pesticides, and companies that obstruct climate policy. Screening incorporates Corporate Knights research and As You Sow’s Invest Your Values platform.
“The evidence is clear,” Behar added. “Across sectors and regions, companies focused on sustainability fundamentals are building more resilient, competitive businesses. These firms are helping define the next phase of global economic growth.”
The full report is available here.
ABOUT AS YOU SOW
As You Sow is the nation’s leading shareholder representative, with a 30-year track record promoting environmental and social corporate responsibility and advancing values-aligned investing. Its issue areas include climate change, ocean plastics, pesticides, racial justice, workplace diversity, and executive compensation.
ABOUT CORPORATE KNIGHTS
Founded in 2002, Corporate Knights is an independent media and research company committed to advancing a sustainable economy. Corporate Knights maintains the Sustainable Economy Intelligence Database, which powers its flagship Global 100 ranking of the world’s most sustainable corporations and supports investor-focused research and analytics.
Disclaimer:
As You Sow and Corporate Knights are not investment advisors and do not provide financial, legal, or tax advice. Nothing in the Clean200 Report constitutes an offer or recommendation to buy or sell securities.