Technology stocks have taken back the No. 1 spot in the JUST 100, an annual ranking of large public companies on issues of key importance to the American public, with Hewlett Packard Enterprise (NYSE:HPE) topping last year’s No. 1 Bank of America (NYSE:BAC).
HPE finished first among tech peers, a perennial sector leader in the JUST 100, in three core categories measured by Just Capital: workers, communities, and the environment. Its strong set of employee benefits, including the longest maternity and paternity leave of any company; its efforts within communities to bring workers back into the labor force; and its strict net zero goals and carbon emissions disclosures, were key to rising to the top of the list.
Analysis of worker pay, benefits and opportunities, more than any other measures, are critical to top list performance, with Just Capital’s methodology based on annual polling of the American public and how Americans define “doing right by all shareholders.”
“Worker issues are still front and center,” said Martin Whittaker, founding CEO at Just Capital, the nonprofit research firm founded by hedge fund billionaire Paul Tudor Jones and others to identify large public companies that outperform on stakeholder capitalism. The importance of workers has consistently risen in the polling data, and now represents roughly 41% of the JUST 100 methodology, with “paying a fair and living wage” the top issue within this category, representing just under 18% of the methodology.
HPE shares finished trading Friday at $15.37.