1 Growing ESG Stock That Might Surprise You
Johnson Controls (NYSE: JCI) is already entrenched as an ESG company. Its fiscal third-quarter results showed nice revenue gains and margins hampered by the same supply chain constraints and labor shortages that have plagued many businesses this year.
But what is surprising to some investors is that, when you take a closer look at how it's operating and how well it's producing, you can see the company has a very exciting long-term opportunity ahead of it. Let's dive in.
Johnson Controls posted fiscal Q3 earnings earlier this month and a glance at the data released showed solid performance. The report included an 8% increase in organic revenue and a 3% jump in adjusted earnings per share to $0.85. Digging deeper, though, and it becomes clearer that the company made significant advancements in its digital transformation into an ESG enabler. ESG stands for environment, social, and governance, and it involves a theory for evaluating a corporation based on goals that go beyond the role of a corporation to maximize profits on behalf of the corporation's shareholders. It takes into account things like climate improvement, workforce equity, and fair executive management.
Source Fool.com
