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Bank of America grabs the top spot on the 2023 Just 100 listmeantime just Capital announcing its,202
Updated on Jan 21,2023
Bank of America grabs the top spot on the 2023 Just 100 list
meantime just Capital announcing its,2023 list of 100 most just companies,CNBC is just capitals media partner and,we have the exclusive launch of that,list our Brandon Gomez joins us now to,reveal the top five Brandon good morning,hey Andrew that's right so this year,just capital is once again recognizing,companies who are doing right by five,key stakeholder groups now those are,workers communities shareholders,customers and the environment just,Capital collected or sourced nearly 250,raw data points around 20 key issues,identified by the American public as,priorities in assessing just business,behavior of the 951 companies just,Capital covers from the Russell 1000,these are this year's top five most just,companies,kicking off the countdown making a,significant jump rising from number 99,to fifth overall is truest Financial the,company propelled Higher by its,commitment to pay Fair wages and to work,with a diverse group of suppliers from,Minority women veteran and lgbtq owned,businesses contributing over 1.4 billion,dollars to the U.S economy,for Accenture the company a leader in,prioritizing the appropriate treatment,of customers private data offering,disclosures of its own security,protocols and limiting its retention of,users personal information,coming in third Microsoft the software,company formerly held the top spot from,2019 to 2021. Microsoft is one of only,10 of the Russell 1000 companies to,offer at least 12 weeks of paid leave,for primary and secondary caregivers,they also disclose data to address pay,equity and maintain ambitious climate,targets,number two Nvidia the chipmaker,consistently leading on issues that,matter to workers performing detailed,analysis by gender and race and,ethnicity it is one of few companies,that report specific demographic,Workforce data that and the company's,offering of 22 weeks paid parental leave,show why Nvidia has consistently been in,the top 10 of the just 100 since its,Inception in 2018. the just 100 2023,number one company is Bank of America it,has risen steadily from number 104 in,2018 to number five in 2022 to the top,spot this year leading on worker issues,Bank of America has committed to raise,its current minimum wage of 22 an hour,to twenty five dollars by the year 2025.,the company has developed sustainable,financing products eliminated systemic,barriers for hiring and has prioritized,having a diverse and independent board,of directors,now for the full 100 list and video,featuring the top 10 you can head to,cnbc.com just-100,so real quick what sectors when you just,look from an it from a sector basis uh,led the list in terms of the rankings,yeah so traditionally Tech has been a,leader in the space this year financials,did see an uptick in their rankings of,the just 100. part of that does have to,do with the disclosure of a uh of a,minimum wage for all workers and so,again you're seeing names like Bank of,America leading Bank of America you know,as we said there has been slowly,climbing the ranks year after year but,again sort of joining the top 100s list,and seeing the most Improvement up about,138 spots for banks um support companies,in the financial sector for those,investors out there that are looking at,this list,the real question is do they outperform,meaning if you were to look at this list,over the last five years ten years I,don't know what you think the the right,period is are they outperforming are,they underperforming are all these,metrics that are part of this actually,equate to a better stock performance,yeah so uh these companies are doing uh,well in terms of their in terms of their,stock they're also performing better on,metrics uh compared to other companies,in the Russell 1000 so they are leading,on areas where whether it's return to,shareholders whether it's job creation,whether it's uh the paying the highest,amount of wages within their Industries,so these companies are leading on these,key issues and they in and of themselves,are leading,in terms of in terms of all of those,metrics that Americans are determining,what makes a company just
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