Press release: Tate & Lyle named one of the world’s most trustworthy companies
Published: Nov 2023
21st November 2023 – Tate & Lyle PLC (Tate & Lyle), a world leader in ingredient solutions for healthier food and beverages, has been named one of the world’s 1,000 most trustworthy companies by weekly news magazine Newsweek and Statista, a leading market research and insights business1. Within the 1,000 most trustworthy companies, Tate & Lyle was ranked in the top half of companies in the global food and beverage category2.
The inaugural ranking for 2023 was based on an independent survey involving 70,000 participants in 21 countries, and an online and social media assessment including 269,000 evaluations of companies across 23 industries on the subject of trust, from how they service their customers, to how they are viewed by investors, to their treatment of employees. Survey participants evaluated companies on statements such as, “I trust in this company to treat me fairly as its customer,” “I trust that this company is competently led” and “I believe this company treats its employees fairly.”
Nick Hampton, CEO at Tate & Lyle PLC, said: “We are delighted to be recognised as one of the most trustworthy companies globally and within our industry. In an uncertain world, trust is a precious commodity, perhaps nowhere more so than in the industry responsible for providing safe, affordable and nutritious food to billions of people worldwide.
“Alongside stronger ESG3 rankings, this recognition comes at a time of increasingly positive customer perception of Tate & Lyle as shown by a recent customer survey that scored us highly for ingredient innovation and sustainability, as well as loyalty, satisfaction and enthusiasm. This progress reflects the integrity, professionalism and dedication of colleagues across Tate & Lyle who live our purpose of Transforming Lives through the Science of Food every day.”