International Paper is again among the “World’s Most Admired Companies”
This is the 20th time the company has received recognition from Fortune Magazine
International Paper was once again recognized as one of the “World’s Most Admired Companies” by Fortune magazine. This is the 20th time the company has received recognition from the publication.
Fortune’s list of the world’s most admired companies is the definitive report on corporate reputation, which since 1997 has received annual collaboration from Korn Ferry to identify, select and rank companies in this ranking.
“International Paper celebrates 125 years this year, and throughout that time we have played an essential role in manufacturing sustainable products that people depend on every day. Our founders would undoubtedly be proud of our company for being named to Fortune’s World’s Most Admired Companies list for the 20th time,” said Mark Sutton, chairman and chief executive officer. “I want to thank our IP team for this achievement and for their commitment to ensuring our company is safe, successful and sustainable for generations to come.”
“Fortune congratulates all of the companies whose competitors and peers recognize their achievements and voted them onto the 2023 Fortune World’s Most Admired Companies list, as well as the top 50 All-Stars, who have been named the best of the best by the broader business community in a challenging year,” said Fortune Editor in Chief Alyson Shontell.
METHODOLOGY
During the corporate reputation search, about 1,500 candidates begin to be evaluated: the top 1,000 US companies ranked by revenue, along with non-US companies in the Fortune Global 500 database with revenues of $10 billion or more.
After that, the companies with the highest revenue in each sector are selected, a total of 645 in 27 countries. And the top-ranked companies are chosen from that pool of 645; the executives who voted work in the companies of this group.
To determine the top-ranked companies in 52 different industries, Korn Ferry asked executives, directors and analysts to rank companies in their own industry against nine criteria, ranging from investment value and quality of management and products to accountability social and ability to attract talent. To be listed, a company’s score must be in the top half of its industry survey.
