Duni Group on TIME’s “World’s Best Companies in Sustainable Growth” List

World’s Best Companies in Sustainable Growth is based on three pillars: revenue growth, long-term financial stability, and environmental performance. The fundamental goal is to award companies that have demonstrated strong long-term growth while also being environmentally sustainable. The edition is produced by global media brand TIME and Statista, a global data and business intelligence platform with an extensive collection of statistics, reports, and insights.

“This is a great honor and demonstrates that financial growth and leading-edge sustainable development are not mutually exclusive, but rather mutually reinforcing", says Magnus Carlsson, CFO, Duni Group.

Significant progress in sustainability

Duni Group is listed as number 190 of 500 in the world, which is the third best placement for a Swedish company. Duni Group is also the only Swedish company that made the list in the category “Retail & Wholesaler” (15th place).

"Over the past few years, we have made significant progress in sustainability. Duni Group’s science-based targets were approved last year, and we have a clear methodology with consistent reporting, making steady progress toward our net-zero target. We strive to be our industry’s trusted sustainability leader, and this is a great testament that we are well on our way”, says Erik Lindroth, Sustainability Director, Duni Group.

About the Study

To identify the World’s Best Companies for Sustainable Growth, revenue growth was evaluated by analyzing company revenue from 2021 to 2023. This included both relative growth and growth compared to industry medians, ensuring a fair comparison.

After identifying companies with above-average revenue growth, their financial stability was assessed using established metrics, including the Piotroski F-Score, the Altman Z-Score, and long-term profitability. These metrics helped evaluate each company's financial health, resilience, and profitability over the past five years.

Finally, companies that performed well in revenue growth and financial stability were assessed on key performance indicators in environmental impact, which included carbon emissions (Scopes 1, 2), energy and water usage, and waste management.