Tyson Foods Ranks No. 1 on Fortune’s World’s Most Admired Companies List for Food Production for Sixth Consecutive Year
February 02 2022 - 11:00AM
For the sixth consecutive year, Tyson Foods, Inc. (NYSE: TSN) ranks
No. 1 on Fortune magazine’s list of the World’s Most Admired
Companies in the Food Production category.
The annual survey, conducted by Fortune and Korn
Ferry, asks top executives, directors and financial analysts to
identify the companies that have the strongest reputations within
their industries and across all industries.
“We believe this ranking reflects our focus on winning with team
members, winning with our customers and consumers, and winning with
excellence in execution,” said Donnie King, president & CEO of
Tyson Foods. “Tyson is a great company with a great team. We’re
honored to be recognized as a leading food company that is
investing in rural America to help meet the needs of a growing,
global market. We remain committed to excelling at what we do, from
workplace safety and environmental sustainability to product
development and digital technology.”
The health and safety of its 137,000 team members remains Tyson
Foods’ top priority. The company has spent hundreds of millions of
dollars on measures to protect workers during the pandemic. Last
year Tyson Foods was one of the first companies to require
vaccinations for its U.S. workforce, and it continues to offer
on-site vaccination booster events for workers and their
families.
Across rural America, every year Tyson Foods invests more than
$15 billion with 11,000 independent farms that supply cattle, pigs
and chickens. The company also supports rural communities in other
ways – doing business with local vendors and suppliers and buying
millions of bushels of grain for livestock feed. Tyson Foods is
also a major employer in many rural communities, generating
millions of dollars in payroll. Last year, the company announced it
would pay approximately $50 million in year-end bonuses to its
frontline and hourly employees and is also investing in childcare
facilities at some of its locations. Tyson Foods also donated more
than 16 million pounds of protein in fiscal year 2021 – the
equivalent of 64 million meals. The food donations were given to
local food banks, pantries and hunger relief organizations.
In June 2021, Tyson Foods announced its ambition to achieve
net-zero greenhouse gas emissions across its global operations and
supply chain by 2050. This ambition is an expansion of the
company’s current science-based target of achieving a 30%
greenhouse gas emissions reduction by 2030, which made Tyson the
first U.S.-based protein company in the food and beverage sector to
have an emissions reduction target approved by the Science Based
Target initiative (SBTi).
Tyson Foods is passionate about creating an inclusive workplace
that supports and empowers all team members. This includes
remaining focused on ensuring the recruitment, development and
retention of a diverse group of team members and providing them
with the opportunity to grow and develop personally and
professionally.
Fortune’s World's Most Admired Companies list is the
definitive report card on corporate reputations. Korn Ferry has
collaborated with Fortune annually since 1997 to identify, select
and rank the World’s Most Admired Companies and uncover the
business practices that make these companies highly regarded among
their peers.
To compile the rankings, corporate reputation and performance
are measured against nine key attributes: innovation, people
management, use of corporate assets, social responsibility, quality
of management, financial soundness, long-term investment, quality
of products and services and global competitiveness. Tyson Foods
ranks No. 1 in the Food Production category in all nine of
these.
The World’s Most Admired Companies list can be found on the
Fortune website. For more information on how the rankings are
determined, view the full methodology on Korn Ferry’s website.
About Tyson Foods, Inc.Tyson Foods, Inc. (NYSE:
TSN) is one of the world’s largest food companies and a recognized
leader in protein. Founded in 1935 by John W. Tyson and grown under
three generations of family leadership, the company has a broad
portfolio of products and brands like Tyson®, Jimmy Dean®,
Hillshire Farm®, Ball Park®, Wright®, Aidells®,
ibp® and State Fair®. Tyson Foods innovates continually
to make protein more sustainable, tailor food for everywhere it’s
available and raise the world’s expectations for how much good food
can do. Headquartered in Springdale, Arkansas, the company had
approximately 137,000 team members at October 2, 2021. Through its
Core Values, Tyson Foods strives to operate with integrity, create
value for its shareholders, customers, communities and team members
and serve as a steward of the animals, land and environment
entrusted to it. Visit www.tysonfoods.com.
Contact: Gary Mickelson, 479-236-9022
Category: IR, Newsroom
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