TIME magazine has once again released its annual TIME100 Most Influential Companies list, a diverse compilation of firms from a broad range of sectors, guiding the way to a promising future.
The eagerly-awaited 2023 issue is graced by two distinct worldwide covers, each featuring an executive or CEO from the esteemed list. This year, Kim Kardashian, the Founder of Skims, and Sam Altman, the CEO of OpenAI, occupy the spotlight.
The comprehensive list is compiled following an exhaustive process where nominations are sought from across sectors. TIME then calls upon its global network of contributors and correspondents, as well as outside experts, to assess each nominee. The final selection is then evaluated on key factors, including impact, innovation, ambition, and success.
The outcome is a diverse selection of 100 businesses that Jessica Sibley, TIME Chief Executive Officer, asserts are catalysts for change. “From artificial intelligence to fashion, this list spotlights the innovative companies and visionary leaders that are shaping the world,” said Sibley.
TIME Editor-in-Chief Sam Jacobs emphasised how the business landscape has evolved since the onset of the pandemic. He wrote, “We’ve seen how quickly the role business plays in our lives can change. Company leaders were thinking in new ways about what they owed their employees, society, and the planet… businesses don’t just change the world but the people who work at them…”
This year’s list shows an increasing representation of companies in Artificial Intelligence and Sustainability sectors. AI enterprises, including OpenAI, Nvidia, Google DeepMind, Hugging Face, Metaphysic, Runway, make up more than 12% of the list. Over 15% of the companies fall under the Sustainability umbrella, with businesses like M-Kopa, Schneider Electric, Aclima, Albemarle, Land O’Lakes, Kayrros, Patagonia, The North Face, ZeroAvia, and Regrow Ag featuring prominently.
While the list includes major technology giants such as Samsung, Google DeepMind, Microsoft, Apple, IBM, it’s noteworthy that a significant 42% of companies have less than 500 employees, and over half of the businesses have less than 1,000 employees.
The health industry is represented by firms like Novo Nordisk, Cost Plus Drugs, Virta Health, Maven Clinic, and Honeybee Health. Entertainment industry stalwarts such as TikTok, Disney, Live Nation Entertainment, and A24 have also made it to the list. Sports industry giants Major League Baseball and Formula One, as well as fashion and retail industry leaders like The North Face, Crocs, Meesho, thredUP, Skims, LVMH, Ganni, are part of the illustrious lineup.
For a comprehensive look at the 2023 TIME100 Most Influential Companies list, visit time.com/100companies.