TIME Magazine Names Albemarle One of the World's Best Companies

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Albemarle (NYSE: ALB) has been named one of the World's Best Companies in 2024 by TIME magazine. The recognition is based on exceptional performance in employee satisfaction, revenue growth, and sustainability. Albemarle, a global leader in essential elements for mobility, energy, connectivity, and health, was one of only seven companies headquartered in the Carolinas to receive this honor.

The company has also been recognized for diversity and its performance on business issues important to Americans. Albemarle joined the Fortune 500 rankings last year and was named one of America's Greatest Workplaces for Diversity in 2024 by Newsweek. The selection process, conducted in partnership with Statista, analyzed businesses with at least $100 million in revenue in 2023 after two consecutive years of growth.

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• Recognition as one of the World's Best Companies by TIME magazine
• Joined Fortune 500 rankings in the previous year
• Named one of America's Greatest Workplaces for Diversity in 2024 by Newsweek
• Selected as one of America's Most JUST Companies in 2024 by JUST Capital and CNBC
• Strong performance in employee satisfaction, revenue growth, and sustainability

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• None.

Award recognizes company's high employee satisfaction, revenue growth and sustainability

CHARLOTTE, N.C., Sept. 13, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, announced today that TIME magazine has named it one of the World's Best Companies in 2024.

Albemarle has also been honored for diversity and for how it performs on business issues that matter most to Americans.

The list highlights companies with exceptional performance in three key categories: employee satisfaction, revenue growth and sustainability. Albemarle was one of only seven companies headquartered in the Carolinas that was chosen.

"This honor is a testament to how our team is committed to building a more resilient world," said Kent Masters, Albemarle's Chairman and CEO. "I'm proud of the values-based culture at Albemarle, which extends to the strong partnerships we've built with the customers and communities we serve."

The recognition is the latest honor for Albemarle, which brings essential elements like lithium and bromine to market. Those elements are essential to a range of innovations, from powering electric vehicles and improving food safety to developing military technology that furthers U.S. national security priorities.

Albemarle joined the Fortune 500 rankings last year, and it was named one of America's Greatest Workplaces for Diversity in 2024 by Newsweek magazine. Albemarle was also chosen as one of America's Most JUST Companies in 2024 by JUST Capital and CNBC. The JUST 100 rankings measure how the nation's largest corporations perform on business issues that matter most to Americans.

The selection of TIME's World's Best Companies was done in partnership with Statista. It analyzed businesses that generated at least $100 million of revenue in 2023 after two consecutive years of growth, gathered employee satisfaction data from surveys of about 170,000 people in 50 countries and evaluated a range of publicly available data about sustainability.

About Albemarle
Albemarle Corporation (NYSE: ALB) leads the world in transforming essential resources into critical ingredients for mobility, energy, connectivity and health. We partner to pioneer new ways to move, power, connect and protect with people and planet in mind. A reliable and high-quality global supply of lithium and bromine allows us to deliver advanced solutions for our customers. Learn more about how the people of Albemarle are enabling a more resilient world at Albemarle.com, LinkedIn and on X (formerly known as Twitter) @AlbemarleCorp.

Albemarle regularly posts information to www.albemarle.com, including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations, U.S. Securities and Exchange Commission filings and other information regarding the company, its businesses and the markets it serves.

Media Contact: Peter Smolowitz, +1 (980) 308-6310, media@albemarle.com
Investor Relations Contact: +1 (980) 299-5700, invest@albemarle.com

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SOURCE Albemarle Corporation

FAQ

What recognition did Albemarle (ALB) receive from TIME magazine in 2024?

Albemarle (ALB) was named one of the World's Best Companies in 2024 by TIME magazine, recognizing its exceptional performance in employee satisfaction, revenue growth, and sustainability.

What other notable recognitions has Albemarle (ALB) received recently?

Albemarle (ALB) joined the Fortune 500 rankings in 2023, was named one of America's Greatest Workplaces for Diversity in 2024 by Newsweek, and was selected as one of America's Most JUST Companies in 2024 by JUST Capital and CNBC.

What criteria were used to select Albemarle (ALB) for TIME's World's Best Companies list?

TIME's selection process, conducted with Statista, analyzed businesses with at least $100 million in revenue in 2023 after two consecutive years of growth. It evaluated employee satisfaction through surveys of about 170,000 people in 50 countries and assessed publicly available sustainability data.

What are the main products or services offered by Albemarle (ALB)?

Albemarle (ALB) is a global leader in providing essential elements for mobility, energy, connectivity, and health. It brings essential elements like lithium and bromine to market, which are used in innovations such as powering electric vehicles, improving food safety, and developing military technology.