Tate & Lyle named one of the world’s most trustworthy companies

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, Chief Executive 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 for 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.”

Notes to editors:

1. View the full list here: WMTC 2023 - Food & Beverage (newsweek.com)
2. Tate & Lyle was ranked 32nd out of 82 companies in the global food and beverage category.
3. ESG is Environmental, Social and Governance. See our Institutional Shareholder Services (ISS) rating here.

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About Tate & Lyle: 
Supported by our 160-year history of ingredient innovation, we partner with customers to provide consumers with healthier and tastier choices when they eat and drink. We are proud that millions of people around the world consume products containing our ingredients every day.

Through our expertise in sweetening, fortification, and texture, we develop ingredient solutions which reduce sugar, calories, and fat, add fibre and protein, and provide texture and stability in categories including beverages, dairy, bakery, snacks, soups, sauces, and dressings.

We have more than 3,500 employees working in around 57 locations across 39 countries. Science, Solutions, Society is our brand promise and how we will achieve our purpose of Transforming Lives Through the Science of Food. By living our purpose we believe we can successfully grow our business and have a positive impact on society. We live our purpose in three ways, by supporting healthy living, building thriving communities and caring for our planet.

Tate & Lyle is listed on the London Stock Exchange under the symbol TATE.L. American Depositary Receipts trade under TATYY. In the year to 31 March 2023, Tate & Lyle revenue from continuing operations totalled £1.75 billion. For more information, please visit https://www.tateandlyle.com or follow Tate & Lyle on Twitter, Linkedin, Facebook or YouTube