BLACK ENTERPRISE, in partnership with The Executive Leadership Council, has released its listing of the " 50 Best Companies for Diversity " as featured in the publication's November/December 2018 issue, which focuses on Diversity and Inclusion in corporate America. The companies singled out for distinction demonstrated a significant commitment to diversity in four key areas: board of directors, employee base, senior management, and supplier diversity.
In 2005, BLACK ENTERPRISE began publishing its list of the "Best Companies for Diversity," identifying those corporations that proved to be the best of the best in developing a culture and executing policies that promoted inclusion of African Americans within their workforce, senior management ranks, corporate boards, and supplier pools.
This year's roster of companies recognized the value of the link between diversity and engagement, which is driven by corporate leadership.
"There are CEOs of firms on the 50 Best Companies list in this issue like Jamie Dimon of JPMorgan Chase and Randall Stephenson of AT&T who value the contributions of all employees and have made unshakeable commitments to placing African Americans front and center as part of their diversity mantra. In fact, I applaud the fact that both have been candid and outspoken in openly addressing race within corporate settings," says BLACK ENTERPRISE's President and CEO, Earl "Butch" Graves Jr. "Our content research team, however, sent surveys to more than 1,000 of the nation's largest publicly traded corporations to gain information on their D&I efforts as it pertained to
African American representation within their workforce. At least two-thirds have refused to submit such data, share whether they have diversity departments, or state whether their CEO directs their company to adopt diversity best practices. There is a lot more work that needs to be done."
In selecting the 2018 companies, BLACK ENTERPRISE sent surveys to the nation's top 1,000 publicly traded companies with strong U.S. operations. The final list includes those that showed a commitment to diversifying its ranks in four areas: employee base, senior management, supplier diversity, and board of directors. Companies were also chosen based on programs created to nurture and maintain a diverse professional space. Surveys did not simply focus on black inclusion, but ethnic minority groups as defined by the U.S. Census Bureau.
The full list of the 2018 Black Enterprise "50 Best Companies for Diversity" is as follows:
PG&E Corp., San Francisco
Wells Fargo & Co., San Francisco
General Mills Inc., Minneapolis
Bank of America Corp., Charlotte
Duke Energy Corp., Charlotte
Lowe's Cos. Inc., Mooresville
Xerox Corp., Norwalk
District of Columbia
ADP Inc., Roseland
Merck & Co Inc., Kenilworth
Prudential Financial Inc., Newark
Aflac Inc., Columbus
The Coca-Cola Co., Atlanta
Southern Co., Atlanta
MGM Resorts International, Las Vegas
American Express Co., New York
Consolidated Edison Inc., New York
IBM Corp., Armonk
JPMorgan Chase & Co, New York
Morgan Stanley, New York
PepsiCo Inc., Purchase
TIAA, New York
Verizon Communications Inc., New York
Accenture plc, Chicago
Allstate Corp., Northbrook
Exelon Corp., Chicago
Jones Lang LaSalle Inc., Chicago
McDonald's Corp., Oak Brook
State Farm Insurance Co., Bloomington
Eli Lilly and Co., Indianapolis
Macy's Inc., Cincinnati
Nationwide Insurance Co., Columbus
Entergy Corp., New Orleans
Lockheed Martin Corp., Bethesda
Marriott International Inc., Bethesda
PNC Financial Services Group Inc., Pittsburgh
Ameren Corp., St. Louis
FedEx Corp., Memphis
DTE Energy Co., Detroit
Ford Motor Co., Dearborn
General Motors Co., Detroit
The Kellogg Co., Battle Creek
AT&T Inc., Dallas
Comerica Inc., Dallas
J.C. Penney Co. Inc., Plano
Toyota Motor North America, Inc., Plano
Johnson Controls Inc., Milwaukee
The complete report, including methodology and selection criteria, is available in the November/December issue of BLACK ENTERPRISE magazine.
BLACK ENTERPRISE, your ultimate source for wealth creation, is the premier business, investing, and wealth-building resource for African Americans. Since 1970, BE has provided essential business information and advice to professionals, corporate executives, entrepreneurs, and decision makers. Every month, BLACK ENTERPRISE magazine provides 6 million readers with information on entrepreneurship, careers, and financial management. A multimedia company, BLACK ENTERPRISE produces television programming, business and lifestyle events, web content and digital media. BLACK ENTERPRISE is the definitive source of information for and about African American business markets and leaders, and the authority on black business news and trends.
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