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

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21 November, London, UK - 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.

Smiling Tate & Lyle food scientist

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.”

ENDS

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 PLC:  

Supported by our 165-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 and solutions every day.  

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

Tate & Lyle recently acquired CP Kelco, a leading provider of pectin, speciality gums and other nature-based ingredients to create a leader in mouthfeel, significantly enhancing our solutions capabilities. Following this combination, we now have more than 5,000 employees working in around 75 locations in 39 countries, serving customers in more than 120 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. For the year ended 31 March 2024, and on a pro forma basis which assumes for illustrative purposes that the combination with CP Kelco took place on 1 April 2023, revenue for the enlarged Tate & Lyle Group would have been £2.25 billion. For more information, please visit www.tateandlyle.com or follow Tate & Lyle on LinkedIn, X (Twitter), Facebook or YouTube

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