Here are the Philippine firms included in TIME's 2024 list of world's best companies
Thirteen Philippine firms were recognized by TIME Magazine as among the best companies in the world in 2024.
The international publication included 1,000 businesses in its latest ranking, with Ayala Corporation emerging as the top company in the country.
It ranked 274 with an overall score of 89.43 out of 100, followed by Security Bank Corporation at 451, San Miguel Corporation at 463, SM Investments at 502, and SM Prime Holdings 577.
Below are the Philippine firms that became part of the list:
- Ayala Corporation - Rank 274 with a score of 89.43
- Security Bank Corporation - Rank with a score of 87.39
- San Miguel Corporation - Rank 463 with a score of 87.24
- SM Investments - Rank 502 with a score of 86.73
- SM Prime Holdings - Rank 577 with a score of 85.75
- Jollibee Foods Corporation - Rank 649 with a score of 84.81
- Aboitiz Group - Rank 727 with a score of 83.81
- Robinsons Retail Holdings - Rank 775 with a score of 82.89
- China Bank PH - Rank 849 with a score of 80.98
- Alliance Global - Rank 863 with a score of 80.49
- PLDT - Rank 897 with a score of 79.38
- Metropolitan Bank & Trust Company - Rank 935 with a score of 77.38
- Puregold Price Club - Rank 997 with a score of 72.14
Overall, tech giant Apple in the US was named TIME's best company in 2024, taking the spot from Microsoft in last year's ranking. It was followed by other distinguished firms such as Accenture, Microsoft, BMW Group, and Amazon, respectively.
TIME explained that they based the ranking on a formula of employee-satisfaction surveys, revenue growthm and environmental, social, and corporate governance data.
"Many of the top companies have made similar positive societal impacts while making money and keeping their employees happy at the same time. It’s not necessarily something that their investors are clamoring for; that they do it anyway is what sets them apart," they stated.