ABB Ranks #8 on Fortune Magazine’s List of Companies “Changing the World”

ABB

 

Sept 10, 2018

Fortune Magazine has placed ABB in eighth position on its 2018 “Change the World” list, a global ranking of companies whose innovative work is making a significant, positive social impact around the world. The ranking recognizes ABB for its leadership in e-mobility and electric vehicle charging.

ABB has the largest number of high-speed EV chargers on the road today, with more than 7,000 fast-charging systems installed around the world. These chargers have collectively saved nearly two million gallons of fuel and 20,000 tons of CO2. Every time an EV driver fully charges an electric vehicle at an ABB charging station, they’ve prevented approximately 100 pounds of CO2 from impacting the environment.

Among other achievements, ABB’s breakthrough TOSA bus system — already in use in Europe — can flash charge a bus in just 20 seconds while passengers board and disembark. ABB has also partnered with Formula E, the international electric street racing series, to spur the future of electric vehicles. The ABB FIA Formula E Championship series, which will begin its fifth season in December, is an important driver of design and technology advances for EVs and charging infrastructure. Developments on the track today are poised to make their way rapidly into passenger vehicles.

• Fortune’s fourth annual “Change the World” list is developed by the magazine in partnership with FSG, a nonprofit social-impact consulting firm
• the Shared Value Initiative, a global platform for organizations seeking business solutions to social challenges
• Professor Michael E. Porter of Harvard Business School.

Companies selected for the list must deliver measurable social impact, socially beneficial business results and high levels of innovation.
Find out more about Fortune’s “Change the World” list: http://fortune.com/change-the-world/

Related Articles

Latest Articles

Changing Scene

  • Federal Investment to Add 989 New Montreal Homes

    Federal Investment to Add 989 New Montreal Homes

    November 18, 2024 The federal government is providing nearly $364 million to help build 989 new homes in Montreal. The announcement took place at 5200 rue de la Savane, in Montreal, which received $100 million dollars through the Apartment Loan Construction Program (ACLP) to build 303 homes and will be operated by Olymbec. This rental building, named Lynk, is designed to… Read More…

  • ABB and NIEDAX Group Announce Completion of Joint Venture with the Formation of Abnex Inc.

    ABB and NIEDAX Group Announce Completion of Joint Venture with the Formation of Abnex Inc.

    November 18, 2024 ABB completed the previously announced 50/50 joint venture with Niedax Group. The Abnex Inc. joint venture (JV) will broaden solutions and advance opportunities in the rapidly growing North American cable management market. Integrating engineering and manufacturing capabilities of ABB’s Installation Products Division with Niedax Group will enable the newly formed company to deliver a… Read More…

  • Ontario Building More Electric Vehicle Charging Stations

    Ontario Building More Electric Vehicle Charging Stations

    November 18, 2024 The Ontario government is building over 1,300 new electric vehicle (EV) charging ports in small and medium-sized communities, marking a major milestone in the province’s plan to increase access to EV chargers outside of large urban centres and support the electrification of transportation across the province. As the province continues to see… Read More…

  • Ontario Investing Over $74 Million Through Next Round of Skills Development Fund Capital Stream

    Ontario Investing Over $74 Million Through Next Round of Skills Development Fund Capital Stream

    November 18, 2024 The Ontario government is launching the second round of its Skills Development Fund (SDF) Capital Stream starting November 29, with over $74 million in available funding to build, expand and retrofit training facilities for workers in the trades, including construction, manufacturing technology and health care. The government is also investing nearly $5 million from the first… Read More…