Grupo Bimbo Celebrates Recognition Among Top Global Companies
Grupo Bimbo Repeats Success Among World's Best Companies
Grupo Bimbo continues to make its mark on the global business stage, earning a spot on Time's prestigious list of the "World's Best Companies" for the second year in a row. The esteemed ranking highlights the company as one of the top 10 in the global food sector, where it proudly holds the 127th position out of 1,000 companies recognized worldwide.
Recognition Process and Criteria
The selection process for this notable list is meticulous, with Time Magazine partnering with Statista to evaluate companies based on employee satisfaction, revenue growth, and sustainability actions. This collaboration ensures a comprehensive analysis that reflects the companies' performance across various essential metrics.
Employee Satisfaction Survey
One of the critical metrics evaluated is employee satisfaction, where surveys were conducted across more than 50 countries. These surveys gathered insights from around 170,000 respondents, encompassing direct recommendations and employer ratings from verified employees. Factors assessed include workplace environment, salary fairness, and overall job satisfaction, all of which contribute to a positive corporate image.
Revenue Growth Metrics
Revenue growth plays a pivotal role in the evaluation process, where only companies with revenues of at least $100 million in 2023, along with a positive revenue trajectory from 2021 to 2023, were considered. This criterion ensures that only financially stable and growing companies are recognized.
Sustainability and ESG Focus
In an era where sustainability is paramount, Grupo Bimbo's actions regarding environmental, social, and governance (ESG) practices are closely analyzed. The evaluation utilizes standardized KPIs from the Statista ESG database to provide insight into the company’s commitment to sustainable practices and responsible business operations.
Significance of the Recognition
Grupo Bimbo's inclusion in the "World's Best Companies" list amplifies its reputation as a strong performer on the international stage. This acknowledgment not only enhances the company's image but also signifies its commitment to fostering an environment where employees thrive and contribute positively to the community.
Industry Companions in Recognition
The list itself features an impressive assortment of major corporations across various sectors, including technology giants like Microsoft, Apple, and Alphabet, along with renowned firms such as Meta and Pfizer. Being recognized among these industry leaders reflects Grupo Bimbo’s remarkable achievements in the competitive global marketplace.
About Grupo Bimbo
Grupo Bimbo stands as the world's largest baking company, playing a significant role in the snacks industry as well. With a vast infrastructure comprising 227 bakeries and over 1,500 sales centers, Grupo Bimbo operates in 35 countries across the Americas, Europe, Asia, and Africa. The company’s diverse product line includes everything from sliced bread to cookies and tortillas, complemented by an extensive distribution network featuring over 58,000 routes staffed by more than 152,000 associates globally. The stock of Grupo Bimbo is publicly traded on the Mexican Stock Exchange under the ticker BIMBO and on the over-the-counter market in the United States as BMBOY.
Contact Information for Media Inquiries
For media inquiries, please reach out to:
Mario Sánchez at mario.e.sanchez@grupobimbo.com
Mauricio Villa at maurico.villa@grupobimbo.com
Frequently Asked Questions
What criteria does Time Magazine use to rank companies?
Time evaluates companies based on employee satisfaction, revenue growth, and sustainability measures according to ESG standards.
How did Grupo Bimbo perform in the latest rankings?
Grupo Bimbo is ranked among the top 10 global food companies and 127th overall out of 1,000 companies.
What industries are represented in the World’s Best Companies list?
The list includes a variety of sectors such as retail, automotive, technology, and services.
How many employees does Grupo Bimbo have?
Grupo Bimbo employs over 152,000 associates worldwide across its extensive distribution networks.
Under what ticker symbols is Grupo Bimbo traded?
Grupo Bimbo trades under BIMBO on the Mexican Stock Exchange and under BMBOY in the US over-the-counter market.
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