For the fifth year in a row, PPG has been recognized in Fortune magazine’s list of the “World’s Most Admired Companies,” alongside some of the most well-recognized and respected companies and brands around the globe.
PPG is ranked sixth of eight companies within the chemicals sector on the 2013 list, which was released on Feb. 28. A company’s score must rank in the top half of its industry survey to be listed. PPG’s coatings peers AkzoNobel, Sherwin-Williams, Valspar and Masco are not listed.
“Continuing to be listed as one of the world’s most admired companies is quite an accomplishment and symbolizes the recognition by key opinion leaders of PPG’s strong reputation, financial strength and business performance,” said Bryan Iams, vice president, corporate communications and marketing. “All employees should take pride in this recognition, as the public perception of PPG reflects our collective contributions.” Companies are evaluated by executives, directors, and industry analysts along nine categories, including: innovation; people management; use of corporate assets; social responsibility; quality of management; financial soundness; long-term investment; quality of products and services; and global competitiveness.
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 687companies from 30 countries.