NAIROBI, Kenya, June 3 – Burn, which is a maker and distributor of clean cookstoves, has been named on TIME’s list of the world’s 100 most influential companies in 2024.
The company’s contribution to clean cooking was the reason for selection.
To date, BURN has delivered 4.5 million stoves, impacting 25.1 million lives as well as reducing 12.2 million tons of wood and 21.7 million tons of carbon emissions.
BURN leverages carbon financing to make its clean cooking appliances accessible to households across the continent by subsidizing the cost of stoves by 60–100 percent.
In the last 18 months, the company has provided approximately $60 million in discounts through carbon credits, enabling families to access a $40 life-saving stove for as little as $2.
The company anticipates offering an additional $110 million in carbon subsidies in the next 18 months.
The company implements carbon credit projects that utilize the most conservative methodologies and can now digitally monitor all its clean cooking appliances.
“BURN exists for only one purpose, to save lives and forests. We believe the best way to do this is through the local design, manufacture, and distribution of best-in-class cooking appliances that include electric, LPG, and biomass stoves,” Peter Scott, BURN Founder & CEO, said.
TIME evaluates its nominees based on their impact, innovation, ambition, and success.
The Magazine also launched the TIME CO2 Leadership Report, featuring conversations with the world’s most influential company leaders, to explore the intersection of business and climate.
Consequently, twice as many companies in this year’s TIME100 are recognized for their leadership in sustainability and climate action.
By Feddy Mwende
