For the second time, Jollibee Group has been recognized as one of TIME's "World's Best Companies"

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

The Jollibee Group has been on TIME Magazine's esteemed "World's Best Companies" list for the past two years, and this recognition has only strengthened the company's standing internationally. 

“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

Key dimensions of the ranking

A company's evaluation was based on three main factors, according to the international data and business intelligence platform Statista: revenue growth, sustainability transparency, and environmental, social, and governance (ESG) factors. The final ranking score, which could have a maximum of 100 points, was created by adding the scores of each of the three dimensions on an equal percentage basis. The 1,000 businesses that achieved the highest score were named the 2024 World's Best Companies. 

For revenue growth, the Jollibee Group scored 84.81, or "very high." In 2023, the company's net income increased by 16% to PHP8.8 billion, while its total revenues increased by 15.2% to PHP244.1 billion. Its systemwide sales hit PHP343.32 billion, an all-time high record with a 16.3% increase.   

The Jollibee Group had record business performance, highlighted by back-to-back best-ever years in 2022 and 2023, thanks in large part to a strengthened People Agenda. The Company is still dedicated to creating an environment where workers' growth and well-being are given equal weight with their safety and contentment. The company ensures engagement at all levels—personal, with others around them, and with the company and community—through its dedicated People Agenda. 

Food, People, and Planet are the three main pillars around which the Jollibee Group's global sustainability agenda, Joy for Tomorrow, is built. The agenda was introduced in 2023. Employee Welfare is a top priority under the People pillar, emphasizing the improvement of lives via programs like Diversity & Inclusion, Employee Engagement, and Learning & Development. These initiatives support the Sustainable Development Goals (SDGs) of the United Nations (UN), highlighting the Group's overarching goal of bringing about long-lasting, positive change.

The Jollibee Group was recognized for its strong corporate culture and high employee engagement earlier this year when it was awarded the Gallup Exceptional Workplace Award for the third time. Remarkably, the Jollibee Group is still the only business with its headquarters in the Philippines to be awarded this esteemed title.

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.