For the Seventh Consecutive Year, Tyson Foods Tops FORTUNE World’s Most Admired Companies List for Food Production
February 01 2023 - 12:55PM
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 for the seventh consecutive year.
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.
“Our team members are the heart of our business and their hard
work and dedication to win with excellence every day is what put us
in the position to be recognized as a leading food company,” said
Donnie King, president & CEO of Tyson Foods. “We’re honored to
again be acknowledged and we’re committed to continuing to provide
high-quality protein at good value to our growing world.”
Tyson continues to support U.S. team members and plant
communities through numerous hunger and disaster relief efforts,
community grants and on-site educational programs. In 2022, the
company donated more than 18 million pounds of protein – the
equivalent of 72 million protein servings – to food banks,
pantries, and hunger relief organizations in plant communities and
across the nation.
The company recently announced that it has invested more than
$20 million this year to offer longer parental leave, additional
mental health support and other wellness benefits to enhance the
company’s caring and inclusive culture. This includes eligibility
for healthcare benefits on the first day of employment for all
full-time U.S. team members. The new policies and investments are
in addition to recent compensation benefits. Over the past year,
Tyson invested more than $50 million in thank you bonuses and $100
million in wage increases for U.S. hourly workers.
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. The company provides opportunities for education
and life-skill development through the Tyson Immigration
Partnership (TIP), as well as the company’s Upward
Academy program, which also offers free and accessible classes
in English as a Second Language (ESL), High School Equivalency
(HSE), financial literacy and digital literacy. In 2022, Tyson
expanded Upward Academy to provide free education for all U.S. team
members. Tyson’s investment covers 100% of all tuition, books, and
fees and will include access to more than 200 programs from over 35
top universities and learning providers. The company is also
addressing the barriers of transportation through a growing
ride-share program that provides a low-cost way to commute to
work at Tyson. To learn more about all the benefits Tyson Foods
offers its team members, visit the Tyson Benefits page.
In 2022, through their FY21 Sustainability Report, the company
renewed its focus on three essential pillars of success—
reimagining people and community impact,
driving product responsibility from farm to table,
and working toward sustaining natural resources and
achieving net zero—and are continuing that work in 2023 to
update their ESG strategy, including setting new targets and goals
through the Formula to Feed the Future.
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
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 four 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®. Headquartered in
Springdale, Arkansas, the Company had approximately 142,000 team
members on October 1, 2022. 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.
Media Contact: Kelly Hellbusch | Kelly.hellbusch@tyson.com
| 281-799-9784
Category: IR, Newsroom
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