{"@context":"https://schema.org","@type":"NewsArticle","contentId":"0000018d-8d49-d63f-abcd-9dfd625a0000","url":"https://www.aboutamazon.in/news/workplace/amazon-fortune-worlds-most-admired-companies","headline":"Amazon named among the world’s most admired companies for the eighth year in a row by ‘Fortune’ magazine","description":"Explore why Amazon remains one of the world's most admired companies according to Fortune's prestigious rankings. Click to know more!","datePublished":"2024-02-09T11:52:47.140Z","dateModified":"2024-02-09T11:52:47.140Z","author":[{"@type":"Person","name":"Amazon Staff","image":{"@type":"ImageObject","url":"https://assets.aboutamazon.com/dims4/default/08549ff/2147483647/strip/true/crop/1125x1125+438+0/resize/84x84!/quality/90/?url=https%3A%2F%2Fassets.aboutamazon.com%2F47%2F6d%2F7fe296e642859c7ba2a629eda3ba%2Famazon-logo-hero-images-2024.jpg","width":"84","height":"84"}}],"image":{"@type":"ImageObject","url":"https://assets.aboutamazon.com/dims4/default/48108c0/2147483647/strip/true/crop/1688x1125+134+0/resize/300x200!/quality/90/?url=https%3A%2F%2Fassets.aboutamazon.com%2Feb%2F8b%2F7243c44d4275ba812bce7e354a72%2Fabout-amazon-hero-012924-amazonnamedamongfoortunemagmostadmiredcompanies-2000x1125-standardhero-aboutamazon-v1.jpg","width":"300","height":"200"},"articleBody":"![collage of various aspects of amazonian life including seattle office project kuiper hq2 building digit the robot and a dog in the office](https://assets.aboutamazon.com/dims4/default/48108c0/2147483647/strip/true/crop/1688x1125+134+0/resize/300x200!/quality/90/?url=https%3A%2F%2Fassets.aboutamazon.com%2Feb%2F8b%2F7243c44d4275ba812bce7e354a72%2Fabout-amazon-hero-012924-amazonnamedamongfoortunemagmostadmiredcompanies-2000x1125-standardhero-aboutamazon-v1.jpg)\n\n# Amazon named among the world’s most admired companies for the eighth year in a row by ‘Fortune’ magazine\n\n*The comprehensive study recognizes companies for the value they bring to their customers, employees, and communities.*\n\n*Fortune* announced its 2024 list of the World’s Most Admired companies, and this year Amazon ranked third—its eighth consecutive year in the top three. The annual ranking is determined by a survey of top executives and analysts, and companies are evaluated based on nine criteria, including the quality of their management, innovation in products and services, and commitments to social responsibility.\n\n![images of amazons workplace and community impact fortunes most admired companies 2024](https://assets.aboutamazon.com/dims4/default/0f2257b/2147483647/strip/true/crop/1600x900+0+0/resize/767x431!/quality/90/?url=https%3A%2F%2Fassets.aboutamazon.com%2F81%2Fdc%2F40f8bbd84847b8570c704ed4f0a5%2Fabout-amazon-inline-z9a9386-copy.jpg)\n\nAmazon teams work to support and deliver for our customers, our employees, and the communities we serve throughout the past year. Here are just a few examples from 2023:\n\n![Amazon Safe Online Shopping Commitment](https://assets.aboutamazon.com/dims4/default/63ac3f1/2147483647/strip/true/crop/1080x720+100+0/resize/300x200!/quality/90/?url=https%3A%2F%2Fassets.aboutamazon.com%2F9f%2Fde%2Feb4c82b64363a9a88cc8cac81b74%2Fsafter-internet-day-lead-2.jpg)\n\n- [How Amazon supports safe online shopping for its customers every day ](https://www.aboutamazon.in/news/retail/amazon-safe-online-shopping-for-customers)\n\n## We made our largest ever annual investment in U.S. hourly wages and hired 250,000 employees for the holiday season\n\nAs the world’s largest job creator, Amazon invested $1.3 billion last year toward pay increases for customer fulfillment and operations employees, bringing the average pay for those roles to over $20.50 per hour (a more than 50% increase over five years).\n\nLearn more\n\n.\n\n## We used artificial intelligence (AI) to evolve and improve upon fulfillment processes and shopping experiences\n\nWith AI, machine learning (ML), and computer vision, Amazon is\n\ndeveloping state-of-the-art robotic technologies\n\nto help employees take on repetitive tasks and some of the heavy lifting. This robotic assistance makes work easier and safer, giving employees more time to do what they do best—find new ways to delight customers.\n\nLearn more\n\n.\n\n![images of amazons workplace and community impact fortunes most admired companies 2024](https://assets.aboutamazon.com/dims4/default/6cb26b7/2147483647/strip/true/crop/1600x900+0+0/resize/767x431!/quality/90/?url=https%3A%2F%2Fassets.aboutamazon.com%2F0c%2F2d%2F88cd9e454965a13ae5d70cf35749%2Fabout-amazon-inline-archive-025-amazon-digit-sequoia-robotics-deliveringthefuture-w1a6889-copy.jpg)\n\nMeanwhile, generative AI and other technologies behind Amazon’s Just Walk Out technology are making checkout lines a thing of the past. Today, Just Walk Out technology is available at more than 70 Amazon-owned stores, and at more than 85 third-party locations across the U.S., UK, and Australia, including sports stadiums, airports, grocery stores, convenience stores, and college campuses.\n\nLearn more\n\n.\n\n![Packaging update](https://assets.aboutamazon.com/dims4/default/06678d1/2147483647/strip/true/crop/1286x857+28+0/resize/300x200!/quality/90/?url=https%3A%2F%2Fassets.aboutamazon.com%2F55%2F85%2Fd41bf8104979bffa41683701dc51%2Famazon-india-pfs-3.jpg)\n\n- [Nearly 50% of customer orders from Amazon’s India fulfilment network now come with reduced packaging](https://www.aboutamazon.in/news/sustainability/amazon-india-reducing-packaging)\n\n## We launched new opportunities to provide 300,000 employees with access to education and skills training programs through 2025\n\nThrough our Upskilling 2025 pledge, Amazon creates pathways to careers in areas that will continue growing in years to come. Our company-funded training programs, such as\n\nAWS Intelligence Initiative\n\nand\n\nCareer Choice\n\n, help employees learn critical skills to move into in-demand, higher-paying technical or non-technical roles within Amazon and beyond.\n\nLearn more\n\n.\n\n## We committed to hiring 5,000 refugees in Europe over the next three years\n\nThis commitment expands on our previous pledge to hire at least 5,000 refugees in the U.S. by the end of 2024. Amazon announced our commitment during The Tent European Business Summit, which brought together dozens of companies to discuss the refugee crisis in Europe and highlight the role companies play in helping refugees successfully integrate in their new communities.\n\nLearn more\n\n.\n\n![images of amazons workplace and community impact fortunes most admired companies 2024](https://assets.aboutamazon.com/dims4/default/332a495/2147483647/strip/true/crop/1600x900+0+0/resize/767x431!/quality/90/?url=https%3A%2F%2Fassets.aboutamazon.com%2F18%2F79%2F7c4b792444aca94a04cca23a1c5a%2Fabout-amazon-inline-amy-mclaughlin-hugo-inline020-z9a1033-copy-002.jpg)\n\n![Amazon Pay Balance](https://assets.aboutamazon.com/dims4/default/c2af7e8/2147483647/strip/true/crop/1080x720+100+0/resize/300x200!/quality/90/?url=https%3A%2F%2Fassets.aboutamazon.com%2F35%2Fe1%2F79695e1c42a4b6579cfee3b493bc%2Famazonpaybalance3.jpg)\n\n- [Here’s your quick guide to Amazon Pay Balance—your one-and-done digital wallet](https://www.aboutamazon.in/news/retail/what-is-amazon-pay-balance)\n\n## We expanded our benefits to help employees achieve personal and professional success\n\n14 new benefits under Amazon’s FamilyFlex program aim to provide more flexibility in employees’ lives and the tools they need to manage unexpected financial- or health-related events. These benefits include free financial counseling, in-house cancer case management, and new temporary schedule adjustments for hourly frontline employees.\n\nLearn more\n\n.\n\n## We leveraged our unique capabilities and resources to invest in disaster relief, affordable housing initiatives, and more\n\nIn response to the Maui wildfires, for example, Disaster Relief by Amazon donated needed supplies and offered financial support to organizations that are in the best position to offer immediate assistance. AWS also activated its\n\nDisaster Response team\n\nto help set up temporary communications infrastructure to provide internet and phone connectivity across impacted sites.\n\nLearn more\n\n.\n\n![Three Amazon employees package up relief items and load them into a delivery truck.](https://assets.aboutamazon.com/dims4/default/4ba5c7d/2147483647/strip/true/crop/1920x1079+0+0/resize/767x431!/quality/90/?url=https%3A%2F%2Fassets.aboutamazon.com%2F0e%2F04%2Fa6b003884c92b69f88b17b4b7647%2Fdrba-maui-fires-amazon.jpg)\n\nIn affordable housing, Amazon launched a new pilot initiative in partnership with the\n\nNational Housing Trust\n\n(NHT) to help individuals and families from underserved communities become homeowners in Washington state’s Puget Sound; Arlington, Virginia; and Nashville, Tennessee. Amazon is investing $40 million to help moderate-income individuals and families purchase homes as a pathway for building generational wealth.\n\nLearn more\n\n.\n\n![Fire TV stick](https://assets.aboutamazon.com/dims4/default/9925e6c/2147483647/strip/true/crop/1080x720+100+0/resize/300x200!/quality/90/?url=https%3A%2F%2Fassets.aboutamazon.com%2F48%2Ff5%2F09a4997d4b589fbcb658fc20012f%2Ffiretv-stick.jpg)\n\n- [From cricket to ‘Pathaan’—here’s what Indians are watching on Fire TV](https://www.aboutamazon.in/news/devices/firetv-watching-trends-2023)\n\nThose are just a few examples from the past year, and we’re excited about what’s ahead for 2024. You can stay updated on the most important news and stories about Amazon by\n\nvisiting our website\n\nor\n\nsubscribing to the Amazon News newsletter\n\n.\n\nThis is all possible thanks to the hard work and dedication of millions of our teammates and partners around the world, and we want to thank them all for delivering for each other, our communities, and our customers every day.\n\nLearn more about\n\nAmazon’s impact\n\n.","publisher":{"@type":"Organization","name":"About Amazon","url":"https://www.aboutamazon.com","sameAs":["https://x.com/amazonnews","https://www.linkedin.com/company/amazon","https://www.instagram.com/amazonnews"],"logo":{"@type":"ImageObject","url":"https://assets.aboutamazon.com/bd/8f/88e7b0314cc2bd05b9de3155a0fe/amazon-news.svg"},"parentOrganization":{"@type":"Organization","name":"Amazon","url":"https://www.amazon.com","sameAs":["https://www.wikidata.org/wiki/Q3884","https://en.wikipedia.org/wiki/Amazon_(company)","https://x.com/Amazon"]}}}