SPRINGDALE, Ark. (KNWA/KFTA) — Tyson Foods announced that it has ranked No. 1 on Fortune magazine’s list of “The World’s Most Admired Companies” in the Food Production category for the sixth consecutive year.
According to a press release, the annual survey, conducted by Fortune and Korn Ferry, asks senior executives, directors and financial analysts to identify the companies with the best reputations within their industries and across industries.
Tyson said the health and safety of its 137,000 team members remains its top priority, as the company spent millions of dollars last year to protect its workers during the pandemic. It was also one of the first companies to require vaccinations for its American workers.
We believe this ranking reflects our goal to win with team members, win with our customers and consumers, and win with excellence in execution. Tyson is a great company with a great team. We are honored to be recognized as a leading food company investing in rural America to help meet the needs of a growing global market. We remain committed to excellence in what we do, from workplace safety and environmental sustainability to product development and digital technology.
President and CEO of Tyson Foods Donnie King
The release adds that each year, Tyson Foods invests more than $15 billion in 11,000 independent farms that supply cattle, hogs and chickens. The company also supports rural communities in other ways, including doing business with local vendors and suppliers and purchasing millions of bushels of grain for livestock feed.
Tyson is also a major employer in many rural communities, generating millions of dollars in payroll. Last year, the company announced that it would pay about $50 million in year-end bonuses to its frontline and hourly employees and is also investing in child care 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. Food donations were given to local food banks, food pantries and hunger relief organizations.
“Tyson Foods is passionate about creating an inclusive workplace that supports and empowers all team members,” the statement read.
To compile the “Most Admired” rankings, company reputation and performance are measured against nine key attributes: innovation, people management, use of company assets, social responsibility, quality of management, financial solidity, 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 them.
The full list of “World’s Most Admired Companies” is available on Fortune’s website.