Diversity, equity, and inclusion (DEI) as an aggregate concern presents both opportunities and ... can be used to benefit the community in at least two key areas. But despite that, many companies still struggle when it comes to diversity and inclusion. It called for FTSE 100 firms to have at least one racially and ethnically diverse board member by the end of 2021, and for smaller FTSE 250 firms to have the same representation by 2024. As of June 2020, its 12-member board of directors has one Black man, one Black woman, one Hispanic man, three white women, and six white men SAP. Updated Dec. 19, 2019. According to a March 4, 2020, report from California Secretary of State Alex Padilla, only 330 of 625 covered companies filed the required reports about their boards’ diversity. Only take companies public with at least 1 diverse board member, with a focus on women in 2020. Updated 0057 GMT (0857 HKT) October 1, 2020 . The PSC and Georgia Power ensure Georgia’s energy production utilizes a diverse mix including nuclear, coal, natural gas, solar, hydroelectric, and wind. KKR & Co. added at least two diverse directors to the board of every company it controls in the U.S., part of a bigger push to expand its focus on underrepresented groups. It was the only company of the 25 largest public offerings in 2019 without a woman on its board, according … … https://builtin.com/diversity-inclusion/diversity-in-the-workplace-statistics In 2019, more than 1,800 companies participated in DiversityInc's Top 50 Companies for Diversity competition. Goldman Sachs won’t take companies public anymore unless they have at least one “diverse” board member, the bank’s CEO David Solomons, according to an interview with CNBC at the World Economic Forum in Davos, Switzerland. Mega-cap tech companies began publishing annual diversity reports in 2014. According to Diversity Inc., which compiles a list of the top 50 most diverse companies each year, no oil company has made it on its list since 2004.This concerns the CEO of … The U.S. today is a melting pot of cultures, thanks to increasing ethnic and racial diversification.If the trend continues, America will be more colorful than ever by 2045, at which point no single ethnic group will constitute the majority in the U.S. for the first time.. Discover why this year's winners were chosen and search current job postings. Google and Facebook trail closely behind, each with 91 percent of the company Asian or white. The companies in the study were ranked on 10 different diversity criteria, which included internal and external diversity initiatives, board diversity, diversity of their highest-paid executives, Equal Employment Opportunity (EEO) policies, and director selection criteria, as well as the company's overall commitment to diversity. But few have made much ground, especially in hiring Black employees. Workplace diversity has become one of the biggest challenges and top priorities for recruiters and other human resource departments. Ranked: the Top 50 Most Innovative Companies in 2020. “From a governance perspective, diversity on boards is a very, very important issue,” says Solomon. Pride at SAP, the company's LGBT+ employee network group. Facebook, … Air Products (NYSE:APD) is a world-leading industrial gases company in operation for 80 years.Focused on serving energy, environment and emerging markets, the Company provides essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemical, metals, electronics, manufacturing, and food and beverage. SideBar. This diversity drive has led to some early gains. Microsoft is the best large company for diversity, according to Comparably's new ranking.Bryan Thomas/Getty Images. The 20 most diverse companies in the WSJ study had an average annual stock return of 10% over five years, versus 4.2% for the 20 least-diverse companies. 2020 made diversity and inclusion a crucial focus, after a wave of protests seen around the world demanded justice and equality for all. Using its definition and looking at public data, as well as reaching out to companies to clarify their diversity data, Calvert found the following companies were the least diverse out of all the companies in the S&P 100: 1. But make no mistake — there are companies out there that are getting it right. Though the industry has made efforts toward achieving diversity … Methodology. Tue 4 Feb 2020 19.00 EST. The Billion Dollar Roundtable was created in 2001 to recognize and celebrate corporations that achieved spending of at least $1 billion with minority and woman-owned suppliers. Buy at least 10-15 stocks across various industries (or buy an index fund) One of the quickest ways to build a diversified portfolio is to invest in several stocks. But despite that, many companies still struggle when it comes to diversity and inclusion. The Inclusive Top 50 UK Employers is a definitive list of UK based organisations that promote inclusion across all protected characteristics, throughout each level of employment within their organisation. Citigroup and Merck get top ratings for their records on including women, minorities and people with diverse sexual orientation, while Berkshire Hathaway and … Currently, natural gas is … By Casey Leins Jan. 22, 2020 In today’s fast-paced world, companies … The law considers a board to be gender diverse if, for at least 270 days of the fiscal year preceding a public company’s annual meeting of shareholders, the board is comprised of at least 25% of individuals who self-identify as women. There’s also evidence that prioritizing diversity and inclusion has a positive impact on a company’s bottom line. In a move that continues California’s push for increased diversity on corporate boards, Governor Gavin Newsom on September 30, 2020 signed into law a bill that requires publicly held companies headquartered in the state to include board members from underrepresented communities. Diversity, Inclusion and Belonging. New York 4. And at least 2 diverse board members by 2021. Published annually since 2008, Canada's Best Diversity Employers is an editorial competition that recognizes employers across Canada with exceptional workplace diversity and inclusiveness programs. The company recognizes the importance of developing diverse leaders who help move it forward and has made meaningful progress since starting its formal Diversity … JUST WATCHED ... by the end of 2021 and at least … One of the 10 most hated companies in America in 2020 is United Airlines. 30% of candidates should be from minority populations or 40% of candidates should be women.These targets will move over time as the company realizes its diversity goals and should be assessed and adjusted accordingly. Seventy-six percent (76%) of the respondents were men and 24% were women. As of July 2020, Walmart’s US associates are 20.69% Black, … Madison HoffDec 17, 2020, 20:37 IST. ... to boost that share to a third by 2020. 5 1st Lake Properties. 2020-09-16T13:22:00Z ... To calculate each company's score for diversity and inclusion, or D&I, Refinitiv's team assigns each metric a number of possible points. The Best and Worst Performing Sectors of 2020. As on December 31, 2019, 977 of that top 1,000 companies had a woman director, and 835 of them had an women independent director. The plan would require companies to include at least one woman and one person who identifies as an underrepresented minority among their directors ... 2020 … Industry: Retail; Number of US employees: 1.4 million ; Headquarters: Bentonville, AR; Retail powerhouse Walmart employs a massive workforce, and as a result, is one of the most diverse companies in the country. By Jeanne Sahadi, CNN Business. Reviewing the data provides us with insight into board diversity changes from 2018 to 2020 across the Fortune 500. Updated 0057 GMT (0857 HKT) October 1, 2020 . Published each year in The Globe and Mail. 10 AmerisourceBergen. When it came to ethnic and cultural diversity, the most diverse companies outperformed the least in terms of profitability by 36% in 2019, up from 33% in 2017. Here are the most diverse states in the US: 10. Companies with at least one female director had better returns for six straight years.” 4 Apple. The Least Diverse Jobs in America. 6 Berkshire Hathaway. For this edition of the Missing Pieces report, public filings were reviewed up until June 30, 2020, for a year-over-year comparison. Maryland 6. RANK, COMPANY. 1 RaceTrac Petroleum. As can be seen in Figure 1, the slow increase in “new CEOs”, from a total of 19 in 2000 to 71 in 2020, has been accompanied by a corresponding steady decrease in the number of white male CEOs. As CEO David Solomon put it, “Starting on July 1st in the U.S. and Europe, we’re not going to take a company public unless there’s at least one diverse board candidate, with a focus on women.” 6 Oceana Grill. FTSE 250 – At least one racially and ethnically diverse Board member by 2024. But with immigration reform still a hot-button issue, the U.S. ethnic landscape may change again in the near future. MID-SIZE COMPANIES. The respondents represent a cross-section of companies from over a dozen industries, 75% of which have annual revenues of more than $1 billion. 55. 3 Exxon Mobil. Reuters / Shannon Stapleton. May 06, 2020 09:30 AM Eastern Daylight Time. It should be noted that the companies included in the Fortune 100 and 500 change over time. Kentucky and Texas each have two cities that are among the least racially and ethnically diverse large cities in the U.S., according to a U.S. News analysis. California will now require more diversity on company boards. 3 Edward Jones. With over 1,000 air flights in the United States per day, many people hate United Airlines for the way it treats customers. Diversity and inclusion includes a company’s mission, purpose and practices to support a diverse workplace and leverage the effects of diversity to achieve a competitive business advantage. 8 McKesson. The Big Picture: White Men and Everyone Else. In line with SAP’s record as an employer of diversity, the company has launched an initiative to hire employees with Autism Spectrum Disorders. But make no mistake — there are companies out there that are getting it right. approval, and have at least one woman or diverse director within two years. In May 2018, SEBI said each of the top 1,000 listed companies must have at least one woman independent director by March 2020. California will now require more diversity on company boards. Well, the new Goldman Sachs CEO made some news when he told CNBC that, starting July 1, in the U.S. and Europe, Goldman will take companies public only if there is “at least one diverse board candidate, with a focus on women…. Some studies have also shown that companies with diverse boards report better financial performance. We have initiated numerous near-term and long-term programs and strategies across key aspects of our business to increase diversity and representation in our workforce, expand our efforts to build an inclusive culture, and address racial justice. Walmart. The nonprofit advocacy group 2020 Women on Boards has been tracking changes at more than 400 major California companies. In fact, four Maryland cities — including Gaithersburg, Germantown, Silver Spring and Rockville, all in Montgomery County, right outside of Washington, D.C. — are in the top five when it comes to diversity in small U.S. cities. In 2020, Marriott International was No. One of these is located in Newtown Square, Pennsylvania. Carmen Reinicke. 4 Gallo Mechanical. A company is also categorized in the strong female leadership group if it has a female CEO and at least one woman on the board. Henry Ford Health System Detroit, Michigan 1 on DiversityInc's Top 50 Companies for Diversity list. But usually, these criticisms of diversity at top tech companies exclude Asians and focus on the low percentage of blacks and Hispanics in the tech industry. Illinois 9. 2020-08-04T11:45:00Z The letter F. An envelope. From increasing brand awareness to driving sales, social media plays an integral role in supporting a company's business objectives. Corporate longevity is on the decline. With most of the world visiting social media platforms more often, businesses across a diverse industry landscape continuously increased their ad spend to reach more customers online in 2020. MIDLAND, Mich.-- ( BUSINESS WIRE )--Dow (NYSE: DOW) earned the 22nd place on the 2020 DiversityInc Top 50 Companies for Diversity … (e) Data from the Latino Corporate Directors Association also shows that in the boards of these 662 publicly traded companies, only 13 percent have at least one Latino board member, 16 percent have at least one African American board member, 42 percent have at least one Asian board member, and 6 percent have at least one non-White or Other board member as of May 2020. In no particular order, here are 39 of the most diverse companies and companies that embrace diversity. The most diverse city in the United States is Gaithersburg, Maryland, while the least ethno-racially diverse place is Laredo, Texas. It is sufficient to require broad diversity targets -i.e. Yet, in 2020, the sector is still dominated by men. The 20 most diverse companies in the WSJ study had an average annual stock return of 10% over five years, versus 4.2% for the 20 least-diverse companies. The U.S. is projected to become a majority-minority nation for the first time in 2043 and by 2060, 57 percent of the U.S. population will consist of racially ethnic minorities, according to data from the U.S. Census Bureau. 11 in 2020) and Nielsen (No. Goldman insists on board diversity for IPO candidates. Cultural Diversity in Companies . These 100 U.S. companies are doing the most to welcome minorities, LGBTQ employees, and people of all genders, ages, and abilities. It indicates the ability to send an email. Like many companies and institutions, we have more work to do on diversity, equity, and inclusion, but we believe we are on the right path. "To drive supplier diversity excellence through best practice sharing and thought leadership." Using a standard measure of diversity, we ranked all 129 cities in Georgia from most to least diverse. 2 ASI Federal Credit Union. As signatories to the campaign, companies make the following four Commitments to Change: Increase racial and ethnic diversity among Board members: take action to set targets to achieve FTSE 100 – At least one racially and ethnically diverse Board member by end 2021. Here's a look at the top 10 for 2020. With over 1,000 air flights in the United States per day, many people hate United Airlines for the way it treats customers. This commitment is woven into our values and our guiding philosophy of Winning with Purpose vision, which recognizes that our company is strongest when we are a company of opportunity that embraces the full spectrum of humanity. Adidas says at least 30% of new US positions will be filled by black or Latinx people By Clare Duffy , CNN Business Updated 0335 GMT (1135 HKT) June 10, 2020 Oddly, that made it an exception. Goldman Sachs will stop doing IPOs for companies without at least one 'diverse' board member starting in July. To give companies time to comply, they will need to publicly disclose their board diversity data within a year of S.E.C. Explore the 500. There are parts of Georgia where there's a high level of diversity -- where people of all walks of life come together. What is the Difference Between Diversity and Inclusion? Jan. 23, 2020, 03:27 PM. In 2020, we saw the quickest and deepest bear market decline in history, trillions of dollars of global stimulus, the highest volatility (VIX) on record, negative oil prices, and the fastest recovery from a bear market ever—just to name a few of the abnormalities. 2. We decided to shine a light on those places today. Nevertheless, there are some companies that have taken the lead in expanding their diversity inclusion. the company has to disclose department-by-department diversity targets. Key findings. December 1, 2020 | 12:35pm | Updated December 1, 2020 | 5:47pm. Enlarge Image ... the authority to demand that its listed companies to have at least two diverse … To say that 2020 was an unusual year in markets would be a vast understatement. Florida 7. Some companies don't view it as a top business priority, some don't know how to start and still others are paying lip service only without taking real action. The company increased the number of women in its workforce to 37%, a 1% increase on the prior year and a step toward the company’s goal of at least 40% women by 2020. Ethnic diversity remains low at the executive level in the industry, according to the TrustRadius. Women pioneered the field of computer technology. In terms of ethnic demographics, Pinterest is the least diverse by a slim margin, with 92 percent of the company Asian or white. One of the 10 most hated companies in America in 2020 is United Airlines. By Jeanne Sahadi, CNN Business. 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