Ripple is the only crypto company to make the list.
After an extensive battle with the US Securities and Exchange Commission (SEC), Ripple was recognized by People’s Magazine.
This week, the publication included the San Francisco-based blockchain company in its collection of “100 companies that care about workers and society.”
Ripple was recognized by People magazine for its corporate social responsibility initiative, the Ripple Impact program, which is dedicated to increasing financial inclusion, promoting sustainability and advancing scientific research.
Ripple “One of the 100 Companies to Watch Out for in 2023”
The list of people highlights companies that exceed expectations in delivering value to their customers. The list also recognizes companies that encourage their employees to contribute to “making the world a better place,” and several notable entities top the list, such as Cisco; followed by American Express, PricewaterhouseCoopers LLP, Target Corporation, NVIDIA, Deloitte, Accenture, Atlassian, MasterCard, among others. Meanwhile, Ripple secures the 83rd place on the list.
Speaking about the company culture, an employee of a blockchain company said,
“There are opportunities to participate in community service and receive mental health benefits. Most importantly, employees are valued and encouraged to have a work-life balance.
In response to the achievement, Ripple announced,
“We are proud to be in People’s 100 Companies That Care in 2023! Thank you to all Ripple employees who give back year-round, locally and globally through our Ripple Impact programs.”
Ripple has been praised for its philanthropy in the past. In fact, earlier this month, the firm was recognized on this year’s SFBusinessTimes Top 100 Bay Area Corporate Philanthropy list and received a “Beyond the Check Award” for its work with several nonprofits.
Work culture in crypto companies
The latest development comes months after several prominent crypto companies were reported to have some of the least happy employees in the industry. Created by tech recruiting agency TrueUp and based on data from job review platform Glassdoor, the quadrant chart depicts a comparison of employee satisfaction and growth at crypto companies. It included 27 of the most valuable cryptocurrency companies. The data also revealed that the least happy employees were also at bankrupt crypto lender Celsius, Winklevloss-led crypto exchange Gemini and crypto trading company Amber Group. In addition, Binance and Coinbase entered the same group.