The Gokongwei Group proudly celebrates the recognition of four of its companies—Cebu Pacific Air (CEB), Robinsons Retail Holdings, Inc. (RRHI), JG Summit Holdings, Inc., and Universal Robina Corporation (URC)—as among the best companies in the Asia-Pacific region by TIME and Statista.
The inaugural ranking of the 500 companies "shaping the region's role in global business" was based on three key pillars: employee satisfaction, financial performance, and environmental, social, and governance (ESG) transparency. The methodology involved surveying over 50,000 employees across the Asia-Pacific region, analyzing financial data from 2021 to 2023, and reviewing sustainability practices such as carbon emissions intensity monitoring and corporate social responsibility reporting.
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Leading the Gokongwei Group's awardees is Cebu Pacific, ranked 178th. As the Philippines’ leading carrier, Cebu Pacific continues to make air travel more accessible—connecting millions of passengers to domestic and international destinations—while embracing sustainable aviation practices. Its strong post-pandemic recovery fueled PHP90.6 billion in revenue for 2023, marking a 60% increase compared to the previous year.
Robinsons Retail Holdings Inc. secured the 211th spot, a testament to its dynamic and customer-focused multi-format retail operations. From supermarkets to department stores and specialty shops, Robinsons Retail remains a trusted name, committed to delivering quality products and fostering innovation in the retail landscape. The company reported consolidated net sales of PHP192.1 billion in 2023, reflecting a 7% increase over 2022's figures.
Meanwhile, JG Summit Holdings Inc. landed at 265th, reinforcing its stature as one of Southeast Asia’s most prominent conglomerates. With businesses spanning air transportation, real estate, food manufacturing, and petrochemicals, JG Summit plays a vital role in driving economic progress and creating shared value for all stakeholders. In 2023, the conglomerate generated PHP344.0 billion in revenue, growing by 14% year on year.
Rounding out the Gokongwei Group’s honorees is Universal Robina Corporation (URC), ranked 329th. As a leader in the food and beverage industry, URC has made its mark not only in the Philippines but across Asia, offering beloved snack and beverage products while championing sustainable practices. The company closed 2023 with PHP158.4 billion in net sales, up 6% against a high base of PHP149.9 billion, its previous sales record.
The Gokongwei Group's success is deeply rooted in the visionary leadership of its founder, John Gokongwei Jr., whose legacy continues to inspire the group’s mission of building businesses that not only drive economic progress but also contribute significantly to society.
Today, under the leadership of Lance Gokongwei, president and CEO of JG Summit and head of the Gokongwei Group, the Founder's legacy of creating industry-disrupting innovations and building businesses that improve lives and provide better choices, lives on.
TIME-Statista's recognition of these achievements validates the Gokongwei Groups’s ongoing dedication to innovation, sustainable growth, and community enrichment. Beyond this, the prestigious honor inspires everyone in the organization to continue building transformative businesses that have a meaningful impact on the communities they serve, while pushing the boundaries of innovation and sustainability.
