Technology

2023's macroeconomic conditions favored cost-conscious companies that could protect margins, and generative AI couldn't have come at a perfect time. Its power to streamline operations, cut repetitive costs, and translate into earnings has made companies that can harness its ability attractive. Remain selective for high-quality business models that can adapt and grow amid a higher-for-longer rate environment.

PayPal (NASDAQ: PYPL)

Fintech

77.10

Avg. Cost

-24.18%

Returns

9.3

Avg. Sustainability Score

Sustainability Highlights

Achieved 100% renewable energy usage for data centers while almost doubling the % of renewable energy used for total energy since 2019 from 45% to 88%
Reduced total GHG emissions across scope 1, 2, and 3 metrics by 78.3% from a 2019 baseline, with the biggest decline coming from the hard-to-identify and all-important scope 3 emissions that declined 83%
Facilitated access to over $24.2B in capital for small and medium-sized businesses since 2013, with $8.2B in the pandemic, providing a lifeline and supporting growth for many mom-and-pop retailers
Diverse leadership committee where 56% of executives are women and/or POCs, while on a company scale, they have achieved 100% intersectional pay equity
An internal security program is certified through the federally compatible ISO 27001 program, leading to a record low transaction loss rate of 0.09%
Final Scores - Environmental (9/10), Social (10/10), Governance (9/10)