The top 20 global stocks for diversity

With companies under pressure to up the proportion of women and minorities in leading roles, Thomson Reuters' the Diversity & Inclusion Index provide a way to gauge their efforts.

With companies under pressure to up the proportion of women and minorities in leading roles, Thomson Reuters' the Diversity & Inclusion index provides a way to gauge their efforts.

Now in its third year, the index ranks the top 100 global companies, measured by 24 metrics on their progress in diversity and inclusion.

Reuters’ global head of environmental, social and governance (ESG) Elena Philipova said: ‘The industry is beginning to recognize the societal and business benefits of investing in diverse and inclusive companies and we are working closely with various investment firms who are looking to develop investable products based on our D&I index.’

We present the top 20 most diverse and inclusive companies according to the ratings.

With companies under pressure to up the proportion of women and minorities in leading roles, Thomson Reuters' the Diversity & Inclusion index provides a way to gauge their efforts.

Now in its third year, the index ranks the top 100 global companies, measured by 24 metrics on their progress in diversity and inclusion.

Reuters’ global head of environmental, social and governance (ESG) Elena Philipova said: ‘The industry is beginning to recognize the societal and business benefits of investing in diverse and inclusive companies and we are working closely with various investment firms who are looking to develop investable products based on our D&I index.’

We present the top 20 most diverse and inclusive companies according to the ratings.

20= Merck & Co

2017 ranking: New entrant

Pharmaceutical giant Merck & Co was founded in 1891 as the US subsidiary of the German company of the same name, before being expropriated during World War 1 and privatised as an independent business. The firm signed the CEO Action for Diversity & Inclusion pledge in 2017.

20= HP

2017 ranking: New entrant

In 2015, California-based PC and printer manufacturer HP split off from forunner Hewlett-Packard, which started doing business in the 1930s and later played a major role in the development of Silicon Valley.

The company prides itself on having a 40% female and 50% minority board of directors, with 60% of new hires women, minorities, veterans, or people with disabilities.

17= Eli Lilly & Co

2017 ranking: 14

Founded in 1876, Eli Lilly & Company is another global pharmaceutical company based out of the US state of Indiana. Its website says 'a focus on diversity and inclusion is built into our workplace culture.'

 

17= Procter & Gamble

2017 ranking: 22

Ohio-headquartered consumer goods giant Procter & Gamble was created in 1837. The firm markets itself as being committed to attracting and retaining a diverse range of employees, supporting gender equality and caring for the environment.

17= Colgate-Palmolive

2017 ranking: 6

Formed by the acquisiton of Colgate by soap maker Palmolive-Peet in 1928, Colgate-Palmolive's policies include social responsibility programmes and support for employee networking groups for women and minorities.

16. Microsoft

2017 ranking: N/A

Founded by Bill Gates and Paul Allen in 1975, the US technology giant says it works to attract and retain diverse executive talent in addition to funding programmes intended to attract women and minorities to computer science.

15. Nestle

2017 ranking: New entrant

Swiss food company Nestle — operating since the 1860s — says it places importance on understanding between different cultures, holds intergenerational workshops, works to improve accessibility for people with disabilities, and promotes gay, bisexual, transgender and queer (LGBTQ) equality.

14. Woolworths Group

2017 ranking: New entrant

Just over 54% of the workforce and 40% of managers are female at Australian retail group Woolworths, founded in 1924.

12= Roche Holding

2017 ranking: 8

The third largest pharmaceutical group in the world, Roche Holding opened for business in 1896 in Basel, Switzerland. It says its workforce comes from 136 nationalities, with women making up 49% of employees.

12= UCB

2017 ranking: N/A

Brussels-based pharmaceutical company UCB was founded in 1928. Employees at its global office are of 76 different nationalities, with the proportion of women working at the executive level rising from 16% in 2008 to 29% in 2017.

10= Bristol-Myers Squibb

2017 ranking: 20

Over half of employees at New York-based pharma corporation Bristol-Myers Squibb are women and 29.1% are from minority backgrounds, according to the company.

10= Acciona

2017 ranking: N/A

Spanish sustainable infrastructure company Acciona, formed in 1997, has been carbon neutral since 2016 and plans to eliminate the 5.2% remuneration gap between its male and female employees by 2020.

8= L'Oreal

2017 ranking: N/A

Women make up 69% of the total workforce and 33% of senior management at France's L'Oreal – the world's largest cosmetics company.

8= Natura Cosmeticos

2017 ranking: 11

Brazilian beauty products manufacturer Natura was founded in 1969. As of 2016,  63% of employees at the firm and 22% of its board of directors were women.

7. Kering

2017 ranking: 24

French luxury goods group Kering emphasises its commitment to gender equality, having signed the UN's Women’s Empowerment Principles in 2010 and an agreement to support initiatives by the UN Women French National Committee in 2016.

6. Telecom Italia

2017 ranking: N/A

Headquartered in Rome and founded in 1994, Telecom Italia has conducted courses and events to promote diversity and in 2017 received a Family Audit certification, which commits the company to undertake initiatives helping to reconcile family and professional life.

5. Gap 

2017 ranking: 2

Opened in San Francisco in 1969, GAP received the US Environmental Protection Agency's SmartWay award for logistics sustainability in 2017, and reported a 75% female and 52% minority workforce as of 2016.

4. Diageo

2017 ranking: 5

London-based brewer Diageo was formed from the merger of  Guinness and Grand Metropolitan in 1997. With a 50% female board, the firm claims to be the leading FTSE 100 company for representation of women in this area.

3. Medtronic

2017 ranking: 13

Founded in Minneapolis in 1948, medical device company Medtronic supports employee groups focused inareas such as gender, ethnicity, age, faith, and sexual orientation.

2. Novartis

2017 ranking: 7

Swiss multinational pharma group Novartis has a diversity and inclusion strategy centered in four areas: 'talent and leadership, culture of inclusion, patient and customer, and reputation.'

 

1. Accenture

2017 ranking: 12

In the top spot, professional services corporation Accenture started its life as the administrative division of former US 'Big Five' accountacy group Arthur Andersen, taking on its current name in 2001.

The firm reports a median gender pay gap of 10.2% in the UK, versus a national average of 18.1%, and says it's committed to having a gender-balanced workforce by 2025.

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