United Natural Foods Inc. (UNFI), a distributor of natural products and dietary supplements to the U.S. nutrition industry, and Naturex, a French-based botanical extract supplier, joined companies such as IBM and Google atop the eighth annual Sustainable Business 20 (SB20) List: The World’s Top Sustainable Stocks, as compiled by SustainableBusiness.com. The SB20 highlights innovative and profitable companies that have the potential to influence a sustainable economy, according to SustainableBusiness.com.
“Our goal is to create a list that showcases public companies that, even over the past most difficult year, have made substantial progress in either greening their internal operations or growing a business based on an important green technology,” said Rona Fried, PhD, SustainableBusiness.com CEO and editor of Progressive Investor.
Both companies were honored for growing their businesses during the recession as well as showing a commitment to sustainable practices. UNFI was recognized for reducing its environmental footprint with a new 260,000 LEED Gold-certified distribution center that runs completely on solar. The company’s stock has jumped 36% over the last year, with shares trading at $25.95 when trading closed on July 6. Naturex was named to the list for its profitable line of GMO-free ingredients which are not tested on animals. The company’s price per share is down 7% over the last year, though it has seen less fluctuation than UNFI. Shares of Naturex were priced at $24.26 on July 6.
The list of 20 companies is presented in the Progressive Investor newsletter, which tracks and analyzes green stocks.
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