Today, Ford Motor Company was named to TIME’s second annual TIME100 Most Influential Companies list—an extension of the annual TIME100 list of the world’s most influential people—that highlights 100 companies making an extraordinary impact around the world. 

TIME writes: Cars, SUVs, pickups, and other light-duty trucks account for over half of all U.S. transportation emissions, making electric vehicles (EVs) key to mitigating climate change. But it’s not enough to just offer EVs—people have to actually want them. Ford’s approach, under CEO Jim Farley: electrify some of its most popular models, like the F-Series, long America’s best-selling pickup. And it’s working—demand for the all-electric F-150 Lightning helped push Ford’s market value over $100 billion for the first time in January.

“I am honored that Ford has been named to TIME's list of the 100 Most Influential Companies,” said Bill Ford, executive chair. “This is especially gratifying because it is not about any individual, but rather a recognition of our incredible employees who work tirelessly to leave the world a better place for our kids and grandkids. Through their hard work, innovation and creativity, we are fundamentally changing the future of transportation and mobility, and building a cleaner future.”

To assemble the list, TIME solicited nominations from every sector—ranging from health care and entertainment to transportation and technology—from editors and correspondents around the world, as well as from industry experts. Then, TIME editors evaluated each one on key factors, including relevance, impact, innovation, leadership and success.

See the full list here: time.com/100companies.