Jollibee Group: One of TIME’s ‘World’s Best Companies’ for Two Time Awardee

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The Jollibee Group named as one of the “World’s Best Companies” for two consecutive years by the prestigious TIME Magazine.

The Jollibee Group continues to strengthen its global standing after being included in TIME Magazine’s prestigious “World’s Best Companies” list for two consecutive years.

“We are incredibly honored to be recognized once again on TIME’s World's Best Companies List. This reaffirms our commitment to creating a workplace that fosters excellence and growing the business sustainably,” said Jollibee Group Global President and CEO Ernesto Tanmantiong. “This recognition belongs to our people who work hard to achieve our dreams. Together, we will continue to work with passion and purpose to bring the joy of eating to everyone. We also share this recognition with our franchisees and partners who have supported us through the years.”

Key dimensions of the ranking
The worldwide data and business intelligence platform Statista reports that businesses were evaluated on three main criteria: revenue growth, sustainability transparency, or Environmental, Social, and Governance (ESG), and employee satisfaction. The ultimate ranking score, which could be up to 100 points, was created by adding the scores of the three dimensions on an equal % basis. The 1,000 businesses who scored the highest were named 2024's World's Best Companies.

For revenue growth, the Jollibee Group scored 84.81, or "very high." In 2023, the company's overall revenues increased by 15.2% to PHP244.1 billion, while its net income increased by 16% to PHP8.8 billion. With a 16.3% increase, its systemwide revenues reached PHP343.32 billion, setting a new record.

The Jollibee Group’s strengthened People Agenda was key to its record business performance, which was characterized by back-to-back best-ever years in 2022 and 2023. The Company remains committed to fostering a workplace that prioritizes not only employee satisfaction and safety but also their development and well-being. Through its dedicated People Agenda, the Company ensures engagement at multiple levels, from personal to people around them and to the company and community.

In 2023, the Jollibee Group launched its global sustainability agenda, Joy for Tomorrow, anchored on three key pillars: Food, People, and Planet. Under the People pillar, Employee Welfare stands as a key priority, with a focus on enhancing lives through initiatives such as Learning & Development, Employee Engagement, and Diversity & Inclusion. These efforts are aligned with the United Nations Sustainable Development Goals (UN SDGs), underscoring the Group's broader mission to create positive and lasting change.

Earlier this year, the Jollibee Group earned the Gallup Exceptional Workplace Award for the third time, recognizing its high employee engagement and strong corporate culture. Notably, the Jollibee Group remains the only Philippine-based company to receive this prestigious distinction.


AKA: Natalie R. Tugade, Author of Seraphimsnotes Blog. Started her blogging career on 2015. She's a Lifestyle and Travel Blogger and a Health and Wellness Advocate from the Philippines. A food enthusiasts and a thallasophile. She inspires others to have a healthy lifestyle to attain optimal health, while enjoying the best things in life.

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