Atlas Copco made Forbes magazine’s top 100 most innovative company’s list—its third year in a row.

“Innovation has been the driving force behind Atlas Copco’s growth for more than 140 years,” said Jim Levitt, president of Atlas Copco North America LLC. “We are continually looking for ways to be more productive and more sustainable in order to create value for all of our stakeholders, as well as make a positive impact on society through our innovations.”

The company ranked No. 94 in the index, based on market capitalization as compared to anticipated cash flows. Forbes says this measure points to a solid return on investment in the future due to company innovations.

Atlas Copco in a release touted other honors. Recently, it was named a “leader” in the FTSE4Good Index, a measure of high standards in environmental, social and corporate governance practices. The Global 100 list, presented at this year’s World Economic Forum, included Atlas Copco among the world’s most sustainable companies. The Ethisphere Institute earlier this year recognized Atlas Copco for its ethical standards.

The Dow Jones Sustainability Index has also included Atlas Copco, and the company was lauded by Thompson-Reuters and Newsweek for its innovation and sustainability.

Atlas Copco, based in Stockholm, Sweden, serves segments ranging from compressors and air treatment systems to construction, mining and drilling equipment. The company, founded in 1873, has more than 39,800 employees worldwide, and operates in more than 170 countries. Atlas Copco in North America operates in more than 109 locations and employs more than 4,500 people in the United States. For more information, visit