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Houston-area company leads Texas businesses on Time's most sustainable list

Eight Texas companies made it on Time’s Most Sustainable Companies list for 2025. Photo via Getty Images

Spring-based IT company Hewlett Packard Enterprise leads the list of eight Texas businesses that appear in Time magazine’s and data provider Statista’s World’s Most Sustainable Companies list for 2025.

HPE landed at No. 68, earning a score of 74.36 out of 100.

Time and Statista said the ranking highlights corporate responsibility and promotes sustainable practices.

“In an era marked by significant environmental challenges and social inequalities, it is crucial to recognize and reward companies prioritizing sustainability,” according to an article on Time’s website. “By featuring these leading entities, the ranking sets a benchmark for other businesses, fostering transparency and accountability and encouraging the integration of sustainability into core corporate strategies.”

Time and Statista’s ranking process started with a list of more than 5,000 of the world’s largest, most influential companies based on factors such as revenue and public prominence. They identified the top 500 companies based on more than 20 data points.

The process weeded out non-sustainable businesses, such as those involved in producing fossil fuels, and zeroed in on:

  • External sustainability ratings
  • Availability and quality of sustainability reports
  • Performance regarding environmental and social responsibility measures

HPE is targeting net-zero status across its supply chain by 2040. Working toward that goal, the company predicts its carbon emissions will decrease by 33 percent from 2020 to 2028.

“The climate transition demands collective action across our entire value chain, and I am resolute in my commitment to ensure that HPE plays a central role in showcasing the attainability of net-zero emissions through our technologies and actions,” said Antonio Neri, HPE’s president and CEO.

Among the ways HPE is reducing carbon emissions are:

  • Shipping certain products in bigger bundles
  • Incorporating environmentally responsible design
  • Using more renewable energy
  • Improving energy efficiency in buildings
  • Eventually shifting to an all-electric automotive fleet

Here’s a rundown of the eight Texas-based companies that made the sustainability list, including their global rankings and scores.

  • No. 68 Spring-based Hewlett Packard Enterprise. Score: 74.36
  • No. 81 Dallas-based CBRE. Score: 73.49
  • No. 142 Dallas-based AMN Healthcare Services. Score: 69.8
  • No. 165 Austin-based Digital Realty. Score: 68.64
  • No. 257 Round Rock-based Dell Technologies. Score: 64.89
  • No. 295 Frisco-based Keurig Dr Pepper. Score: 63.25
  • No. 335 Dallas-based Jacobs Engineering. Score: 61.98
  • No. 471 Dallas-based AT&T. Score: 57.28

France-based Schneider Electric claimed the top spot on the global list. The company opened a 10,500-square-foot, state-of-the-art Energy Innovation Center in Houston earlier this year.

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Schneider Electric's new Energy Innovation Center can simulate various real-world scenarios in refineries, combined-cycle power plants, ethylene plants and other facilities. Getty Images

Global co. opens state-of-the-art energy innovation hub in Houston

flagship facility

French multinational company Schneider Electric has opened a new 10,500-square-foot, state-of-the-art Energy Innovation Center in Houston.

The new facility is located in Houston’s Energy Corridor and is designed to “foster increased collaboration and technological advancements across the entire value chain,” according to a news release from the company. The new Houston location joins Schneider's existing innovation hubs in Paris, Singapore and Bangalore.

The venue will serve as a training center for process control engineers, production superintendents, manufacturing managers, technical leads and plant operations personnel. It can simulate various real-world scenarios in refineries, combined-cycle power plants, ethylene plants, recovery boilers and chemical reactors.

It includes an interactive control room and artificial Intelligence applications that “highlight the future of industrial automation,” according to the release.

"Digitalization is significantly enhancing the global competitiveness of the U.S. through continuous innovation and increased investment into next-generation technology," Aamir Paul, Schneider Electric's President of North America Operations, said in the release.

Texas has over 4,100 Schneider Electric employees, the most among U.S. states, and has facilities in El Paso, the Dallas-Fort Worth metroplex and other areas.

"This flagship facility in the Energy Capital of the World underscores our commitment to driving the future of software-defined automation for our customers in Houston and beyond,” Paul added in the release. “With this announcement, we are excited to continue supporting the nation's ambitions around competitive, efficient and cost-effective manufacturing."

Schneider Electric says the new Houston facility is part of its expansion plans in the U.S. The company plans to invest over $700 million in its U.S. operations through 2027, which also includes an expansion at its El Paso campus.

The company also announced plans to invest in solar and battery storage systems developed, built, and operated by Houston-based ENGIE North America last year. Read more here.

The two projects are in Wharton County and Bell County and will add renewable energy to the Texas energy grid. Photo via Pexels

Packaging producer procures power purchase plan with Texas solar projects

powering on

A leading provider of sustainable fiber-based paper and packaging solutions is supporting the first of two Texas-based solar projects.

WestRock set the stage by entering into virtual power purchase agreements with Houston-based ENGIE North America. The two projects are in Wharton County and Bell County and will add renewable energy to the Texas energy grid.

Bernard Creek Solar is the first of two solar projects that are part of the VPPAs between WestRock and ENGIE, and is currently operating southwest of Houston in Wharton County. WestRock contracted 207 megawatts from the project Under the VPPA. The 230 megawatts Bernard Creek solar project is projected to produce approximately 500,000 megawatts an hour annually, which will generate over $45 million in revenue for the county and create more than 250 jobs during construction.

The WestRock VPPA for the Bernard Creek project, and the similar project located in Bell County, will add a total of 282 megawatts of renewable energy to the Texas energy grid.

"We are delighted that Bernard Creek Solar is supporting WestRock’s ambitions to meet its 2030 science-based targets,” Dave Carroll, chief renewables officer at ENGIE, says in a news release. “North AmericaENGIE’s projects are focused on meeting the specific needs of our clients as we work together to accelerate the energy transition in North America, and this agreement reflects that."

The VPPAs with WestRock have contributed to ENGIE to surpass more than 1 gigawatt of signed power purchases. ENGIE is recognized as the top developer to sell corporate energy PPAs and has ranked in the top three since 2019 with a total corporate PPA portfolio in the USA of 7.3 according to BloombergNEF's latest Market Outlook report. Schneider Electric’s Sustainability Business provided the advisory services and strategy management for these pivotal VPPAs with WestRock.

"We are pleased to play a role in the production of clean energy from large-scale solar projects and to join forces with ENGIE and Schneider Electric to reduce greenhouse gas emissions by adding more renewable energy to the grid,” David B. Sewell, president and CEO at WestRock, adds.

The Texas projects are set to come online in 2024. Photo via Schneider Electric

Schneider Electric to invest in Texas clean energy projects with IRA tax credit transfer

shining on solar

Energy management and automation company Schneider Electric is investing in a Texas portfolio of solar and battery storage systems developed, built, and operated by Houston-based ENGIE North America.

The Texas projects are set to come online in 2024. France-based Schneider says the projects will put the company closer to reaching its goal of 100 percent renewable energy in the U.S. and Canada by 2030.

The Schneider investment comes in the form of tax credit transfers enabled by the federal Inflation Reduction Act. A Schneider news release didn’t put a price tag on the investment and didn’t name the Texas projects.

Schneider explains that the federal law enables the transfer of certain federal tax credits from renewable energy, clean energy manufacturing, battery storage and other clean energy projects. These transfers are an alternative to traditional tax equity deals.

“This collaboration with Schneider signals a real step forward in accelerating the net-zero transition,” Dave Carroll, chief renewables officer and senior vice president at ENGIE North America, says in the news release.

Carroll adds that the solar-and-storage portfolio and the tax credit transfers “support the continued growth of renewable energy and storage options in the U.S., which brings economic opportunities to an expanding set of communities alongside the transition to a lower-carbon grid.”

Last month, ENGIE said it had recently wrapped up more than $1 billion in tax equity financing from banking heavyweights BNP Paribas, Goldman Sachs, and J.P. Morgan Chase. The financing went toward 1.3 gigawatts’ worth of clean energy projects.

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Baker Hughes signs deal to install 500 MW of geothermal power

geothermal growth

Baker Hughes has made a deal to further expand its geothermal operations.

The Houston-based energy giant has signed an agreement with Mantle Reach Power to develop geothermal energy projects across North America. The companies say they aim to install up to 500 megawatts of geothermal power in the next five years, according to a news release.

Through the new agreement, Baker Hughes will provide subsurface technology and solutions while Mantle Reach Power will lead project development, ownership and financing. Mantle Reach Power is a geothermal development company backed by the $47 billion EnCap Energy Transition Fund III.

According to the release, the deal aims to help solve one of geothermal energy's fundamental problems by aligning capital with expertise and technology, and enhancing "pre-construction bankability."

“Geothermal is a clean power solution that is proving to be a vital contributor to advancing sustainable energy development, with incredible potential to enhance U.S. energy security, support digital infrastructure, and ensure energy remains accessible and affordable ... Today’s announcement celebrates the commercial architecture the industry has been missing: a repeatable, financeable model that can be deployed at the speed and scale to meet global energy demands,” Baker Hughes Chairman and CEO Lorenzo Simonelli said in the news release.

“Integrating Baker Hughes’ subsurface-to-surface expertise with our capabilities in project development, finance, and execution positions Mantle Reach Power to commercialize geothermal assets at scale,” Nick Karambelas, CEO of Mantle Reach Power, added in the release. “This structure provides the construction and operating certainty necessary to access conventional project financing and accelerate our growth as an independent power producer.”

Baker Hughes has launched multiple geothermal partnerships in recent months. The company announced a deal with Oklahoma-based Helmerich & Payne Inc. (H&P) in May to develop a geothermal rig, where H&P will provide a geothermal-capable land drilling rig and Baker Hughes will contribute technology.

In March, the company announced support for XGS’s geothermal extraction projects in New Mexico, which are being used to meet the increasing demands of data centers in the state. Last year, Fervo Energy selected Baker Hughes to supply equipment for its flagship geothermal project in Utah.

ENGIE strikes clean energy deal with Houston biomanufacturer

energy match

ENGIE North America has signed an agreement with Aker BioMarine to supply around-the-clock, Texas-sourced clean energy to the Norwegian company's Houston manufacturing facility.

The deal is through ENGIE's 24/7 offering, which allows users to "match electricity consumption with local renewable generation on an hourly basis," rather than annual renewable energy matching, according to a news release.

Houston-based ENGIE NA will match 90% of Aker BioMarine's hourly electricity consumption at its Houston facility through renewable energy certificates that link electricity consumed to clean power generated. The renewable energy will be sourced largely from ENGIE's Impact Solar Project in Lamar County, Texas.

“Working with companies that have made sustainability a core part of their strategy is essential to delivering meaningful progress,” Taymur Bunkheila, regional VP and retail supply lead for ENGIE’s U.S. 24/7 product, said in the release. “By aligning energy solutions with operational needs, we can help organizations improve transparency, strengthen accountability, and deliver measurable outcomes. This agreement demonstrates how companies can take practical steps today while building toward long-term sustainability objectives.”

Aker BioMarine, which develops sustainable marine-based ingredients, processes the majority of its krill and algae products at its Houston facility. The company says the deal with ENGIE marks an important step in reducing the environmental footprint of its operations.

“Through this agreement, we expect to reduce our Scope 2 emissions, marking an important milestone in our broader sustainability journey,” Matts Johansen, CEO at Aker BioMarine, added in the release. “ENGIE has delivered an affordable, innovative and transparent solution that allows us to match our electricity consumption for our Houston manufacturing facility with renewable power generation. The transparent data ENGIE provides strengthens our climate reporting while helping us continue delivering high-quality products with a lower environmental footprint."

ENGIE has more than 11 gigawatts of renewable energy projects in operation or under construction in the U.S. and Canada. The company is targeting 95 gigawatts by 2030

ExxonMobil announces date to move legal headquarters to Texas

save the date

Energy giant Exxon Mobil Corp. has set a date to move its legal headquarters to Texas.

The Spring-based company announced this week that the redomiciliation from New Jersey to Texas is expected to be effective July 1. Exxon's board of directors unanimously recommended redomiciling in the Lone Star State in March, and shareholders approved the move to Texas at the company’s annual meeting in May.

As part of the move, ExxonMobil Holdings Corp. will replace Exxon Mobil Corp. of New Jersey and become the publicly traded parent company. Exxon reports that its shares will continue to trade on the New York Stock Exchange under the ticker symbol “XOM,” and that shareholders do not need to take action.

At the time of the recommendation, Exxon said the move would not affect business operations, management, strategy, assets or employee locations.

Exxon Chairman and CEO Darren Woods added that the redomiciliation was in part due to Texas' business-friendly environment and policies.

"Over the past several years, Texas has made a noticeable effort to embrace the business community. In doing so, it has created a policy and regulatory environment that can allow the company to maximize shareholder value,” Woods said in a news release. "Aligning our legal home with our operating home, in a state that understands our business and has a stake in the company’s success, is important.”

The Associated Press reports that about 30 percent of Exxon's employees work in Texas. Exxon's legal headquarters has been based in New Jersey since 1882, when it was Standard Oil Company.

Exxon moved its operational headquarters from Irving, Texas, to the Houston area in 2023.

Exxon was the highest-ranking Houston-area company on this year's Fortune 500 list, coming in at No. 9. Houston tied with Chicago for the second-most Fortune 500 headquarters on this year's list, with Texas leading the nation for the most Fortune 500 headquarters (57).

“Texas is the undisputed headquarters of headquarters,” Gov. Greg Abbott said in a news release. “The world’s leading businesses invest with confidence in Texas because of our welcoming business climate, predictable regulatory environment, and skilled and growing workforce. People and businesses are choosing Texas because Texas works.”

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