Jollibee Group is named one of TIME's 'World's Best Companies' for the second time

“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. 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.” ~Ernesto Tanmantiong, Jollibee Group Global President and CEO

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

After being named to TIME Magazine's prestigious "World's Best Companies" list for the second year in a row, the Jollibee Group's global standing continues to rise. 

Key Dimensions of the Ranking

Statista, a global data and business intelligence platform, evaluated companies on three key dimensions: employee satisfaction, revenue growth, and sustainability transparency, also known as Environmental, Social, and Governance (ESG). The final ranking score of a maximum of 100 points was calculated by adding the scores from all three dimensions at an equal percentage. The 1,000 companies with the highest scores were named the World's Best Companies for 2024. 

The Jollibee Group received a score of 84.81, indicating "very high" revenue growth. In 2023, the company's net income increased by 16% to PHP8.8 billion, while total revenues rose by 15.2% to PHP244.1 billion. Its systemwide sales reached PHP343.32 billion, an all-time high with a 16.3% increase.   

The Jollibee Group's strengthened People Agenda was critical to its record business performance, which included consecutive best-ever years in 2022 and 2023. The company remains committed to creating a work environment that prioritizes not only employee satisfaction and safety, but also their development and well-being. The Company's dedicated People Agenda ensures engagement at multiple levels, from the individual to those around them, as well as the company and community. 

In 2023, the Jollibee Group launched Joy for Tomorrow, a global sustainability agenda built on three pillars: food, people, and the planet. Employee Welfare is a top priority under the People pillar, with initiatives like Learning & Development, Employee Engagement, and Diversity & Inclusion aimed at improving people's lives. These efforts are consistent with the United Nations Sustainable Development Goals (SDGs), highlighting the Group's overarching mission to effect positive and long-term change.

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

About Jollibee Group 

Jollibee Foods Corporation (JFC), also known as the Jollibee Group, is one of the world’s fastest-growing restaurant companies, with a mission to deliver great-tasting food, bringing the joy of eating through its 19 brands with over 9,400 stores across 32 countries. 

The Jollibee Group’s portfolio includes eight wholly owned brands (Jollibee, Chowking, Greenwich, Red Ribbon, Mang Inasal, Yonghe King, Hong Zhuang Yuan, Smashburger), four franchised brands (Burger King, Panda Express, Yoshinoya in the Philippines, and Tim Ho Wan in China), and ownership stakes in other key brands like The Coffee Bean and Tea Leaf (80%), Compose Coffee (70%), SuperFoods Group that operates Highlands Coffee (60%), and bubble tea brand Milksha (51%). The Company also has membership interests in Tortazo, LLC, along with Chef Rick Bayless, for Tortazo in the U.S. and has recently invested in Botrista, a leader in beverage technology. 

Through its subsidiary Jollibee Worldwide Pte. Ltd. (JWPL), the Jollibee Group holds a 92% participating interest in Titan Dining LP, a private equity fund that owns the Tim Ho Wan (THW) brand. It has a joint venture with the THW Group to expand THW in China. It also established a joint venture company that holds the franchise rights to operate Tiong Bahru Bakery and Common Man Coffee Roasters in the Philippines. The Company also holds a 90% stake in Titan Dining Partners II Ltd for growing Asia-Pacific food service brands. 

The Jollibee Group’s global sustainability agenda, Joy for Tomorrow, underscores its commitment to sustainable business practices across food safety, employee welfare, community support, good governance, and environmental responsibility, among others. These focus areas are aligned with the United Nations Sustainable Development Goals (UN SDGs).

The Jollibee Group has been recognized as the Philippines' Most Admired Company by the Asian Wall Street Journal, named one of Asia's Fab 50 Companies, and listed among Forbes' World’s Best Employers and Top Female-Friendly Companies. The Company is also a three-time Gallup Exceptional Workplace Award recipient and featured in TIME’s World’s Best Companies and Fortune’s Southeast Asia 500 List.

For more information, visit www.jollibeegroup.com.