FORTUNE - ”World’s Most Admired Companies”
PPG ranked No. 3 in ‘World’s Most Admired Companies’ list by Fortune magazine
PPG was named one of the top three “World’s Most Admired Companies” in the chemicals category by Fortune magazine.
PPG registered the highest year-over-year improvement in the chemicals category by moving up three spaces to No. 3. The company also had the category’s highest year-over-year score increase, from 5.65 last year to 6.81 – one of PPG's highest-ever scores on this list. This marks the sixth consecutive year that PPG has been recognized in Fortune magazine’s list of the “World’s Most Admired Companies,” and the third time it reached the No. 3 ranking.
The “World’s Most Admired Companies” ranking represents a significant change in the order of the companies measured in the chemicals category as PPG advanced ahead of DuPont (No. 2 in 2013), Bayer (No. 3 in 2013) and Dow which did not make the 2014 list (No. 4 in 2013). Following are the top five of the “World’s Most Admired Companies” (and their respective scores):
- BASF – 7.33
- Monsanto – 6.91
- 3. PPG – 6.81
- Bayer – 6.36
- DuPont – 6.05
The “Most Admired” list is considered one of the leading rankings of corporate reputations. The list is compiled by a survey process administered by the Hay Group, a global management consulting firm. The process starts with approximately 1,400 companies: the Fortune 1,000 -- the 1,000 largest U.S. companies ranked by revenue and non-U.S. companies in Fortune’s Global 500 database with revenue of $10 billion or more. Hay then selected the 15 largest for each international industry and the 10 largest for each U.S. industry, surveying a total of 692 companies from 30 countries.
To create the 57 industry lists, Hay asked executives, directors, and analysts to rate companies in their industry on nine criteria, from investment value to social responsibility. A company’s score must rank in the top half of its industry survey to be listed.