13 PH firms in World's Best Companies list

THREE corporations belonging to the Sy family conglomerate lead the 13 Philippine firms that made Time Magazine and Statista's list of World's Best Companies for 2024.

SM Investments Corp. (SMIC) ranked 502nd in the list, SM Prime Holdings Inc. (SMPH) 577th, and China Banking Corp. (CBC) 849th. Also on the list are Ayala Corp. (274), Security Bank Corp. (451), San Miguel Corp. (463), Jollibee Foods Corp. (649), Aboitiz Group (727), Robinsons Retail Holdings (775), Alliance Global (863), PLDT (897), Metrobank (935), and Puregold Price Club (997).

The six siblings of Henry Sy Sr. inherited and now run a vast retail, banking and property empire with a total net income of P77 billion in 2023.

«We are grateful to be part of the list of the world's best companies as it reflects our group's collective commitment to responsible and inclusive development,» SMIC President and Chief Executive Officer Frederic DyBuncio said.

«It also highlights our dedication to creating shared value for all stakeholders while ensuring the long-term sustainability of the enterprise,» DyBuncio said.

The SM group has created over 131,000 jobs and supported over 100,000 micro, small and medium enterprises (MSMEs to date).

The World's Best Companies 2024 identifies top-performing firms all over the world, evaluating three primary dimensions such as employee satisfaction, revenue growth and sustainability.

Employee satisfaction was assessed through surveys conducted in over 50 countries, with data of approximately 171,000 participants, while revenue growth was measured from companies with revenues of at least $100 million in 2023, with positive growth from 2021 to 2023.

Sustainability was based on environmental, social and governance data from Statista's ESG database and targeted research.

Apple topped the list, followed by Accenture and Microsoft.