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August 21, 2015

'Fortune' Magazine Hails Firms That Tie Profit and Social Aims

Vodafone, Google, and Toyota lead Fortune's inaugural "Change the World" list of corporations that are "doing well by doing good. The magazine introduced the 50-strong roster as a way "to shine a spotlight on companies that have made significant progress in addressing major social problems as a part of their core business strategy."

Sharing the top spot, U.K.-based telecom company Vodafone and Kenyan network operator Safaricom are hailed for developing M-Pesa, a mobile platform that allows people in poorer countries who lack bank accounts to make financial transactions with their smartphones. The service has enlisted some 17 million users since its introduction in 2007.

The list is accompanied by a package of articles on businesses and moguls who apply "capitalism's power to rectify social ills," including hedge-fund manager Paul Tudor Jones and Whole Foods co-founder John Mackey.