Fortune magazine has named Southern Company to its 2015 "World's Most Admired Companies" list, marking the sixth consecutive year the company has been recognized among the publication's top three utilities worldwide for financial soundness, value as a long-term investment and quality of management. The company earned a top three Fortune ranking in a total of seven of nine criteria, including innovation, people management, social responsibility and quality of products and services.
"Southern Company is successful because our customer-focused business model delivers value to the families and communities we are privileged to serve," said CEO Tom Fanning. "This commitment helps drive strategic decisions designed to provide clean, safe, reliable and affordable energy to customers."
The Hay Group administers the Fortune survey, starting with about 1,400 companies - the 1,000 largest U.S. companies ranked by revenue and non-U.S. companies in Fortune's Global 500 database with revenue of $10 billion or more. Hay Group sorts the companies by industry and selects the 15 largest for each international industry and the 10 largest for each U.S. industry. In all, 668 companies from 29 countries were surveyed. To create the 55 industry lists, Hay asks executives, directors and analysts to rate companies in their own industry on the nine criteria.