Sustainable Growth

MercadoLibre (Meli) began life as an online marketplace. It now offers digital payments, lending, advertising and logistics services across South America. The company plays an important role in job creation, raising
incomes and improving social mobility in emerging economies. MercadoLibre aligns with our prosperity theme, through products which lower barriers to entrepreneurship.

TSMC is the largest independent manufacturer of semiconductors, which are used in every electronic and connected product. TSMC's scale and dependability make it a critical partner in the semiconductor value chain, enabling faster and more efficient innovation which benefits society. TSMC aligns with our prosperity theme, through what its products do to support innovation for growth.

Microsoft is becoming an increasingly critical part of how enterprises manage their technology ecosystems on the cloud, through its Azure cloud computing platform, and the software and tools that help enterprises to become more productive. The continued shift of workloads to the cloud and their ability to add value for customers (through software and AI) will enable revenues to rise at >10% for a decade, with margins skewed positively. Microsoft will show significant leadership with its climate ambitions, which are material to the business and the planet given the enormous footprint that data centres are likely to have in 20-30 years’ time.

As a global leader in gene sequencing, Illumina’s products are used by researchers and clinicians worldwide to study human health and disease. Its products enable scientific and medical advances, and there remains a significant growth opportunity as the machines become more affordable and move from research settings to clinical ones. Illumina aligns with our people theme, through products which help extend life expectancy.

Owner of the job search engine Indeed and the employee review site Glassdoor, Recruit is a Japanese-based technology company with operations worldwide. The company’s recruitment platforms and matching technology improve transparency and efficiency in the labour market, reducing economic hardship from frictional unemployment. The company seeks to go further by working with employers to reduce discrimination and help marginalised groups find work. Recruit supports our prosperity theme through business practices which promote fair and decent work.

As the largest healthcare management organisation in the US, UnitedHealth (UNH) plays a crucial role in allocating scarce resources, improving patient outcomes, and containing costs. As the population ages, it is leading the industry in a shift to more integrated care.

Alphabet’s core Google Search product boasts more than 90 per cent market share. The company has eight other internet services with more than a billion users each. Alphabet’s free tools have helped revolutionise access to information and learning and allowed smaller businesses to scale fast. Today, the company is at the forefront of innovations in artificial intelligence and we believe it has a catalysing effect on innovation in many realms. Alphabet supports our prosperity theme through its products which support innovation for growth.

It designs and manufacturers analog semiconductors, providing customised chips to over 100,000 customers for use in products from wind turbines to traffic lights. Its leading business practices allow it to attract and retain talent, and build long-term partnerships with customers and suppliers.

Global payment technology company Mastercard specialises in processing payment transactions between banks, and has ambitious goals for financial inclusion. It is partnering with the World Bank and other NGOs to bring one billion individuals into the financial system by 2025, with a focus on unbanked communities and women.

Through its music streaming platform and wider ecosystem, Spotify is contributing significantly to the growth of the creative economy and democratising access to income opportunities for artists and creators.