As we found in our State of EEO-1 Report, many companies have more gender balanced workforces in lower levels of management, when compared with the C level (which lags behind).
From the report:
“Less than one-quarter of all companies in the S&P 100, and just barely over a quarter of S&P 500 and Russell 1000 indexes have gender balanced workforces – and far fewer have it at the management and executive levels.”
One company (which we recently added to our database) has made a concerted effort to hire women throughout the entire workforce.
Pernod Richard has built Diversity and inclusion into a larger excellence plan over the last eight years, and has succeeded in increasing gender diversity through the entire company. We pulled information from the Pernod Ricard 2022 Universal Registration to explore their efforts and successes.
Since 2015, the business has focused on driving efficient and effective growth through performance across five areas (Page 7):
- Health, Safety & Wellbeing,
- Sustainability & Responsibility,
- Consumer-Centricity,
- Continuous Improvement & Innovation,
- and Diversity & Inclusion
On page 18 of their Universal registration document – in a quote from Cédric Ramat, EVP, Human Resources:
“Our consumers span all generations, ethnicities, identities and backgrounds, and we want that to be equally reflected in our convivialists. There is an enormous business benefit to building teams that reflect our consumer base, and we’re committed to providing an open and inclusive culture in which our people can thrive.”
On page 99:
“All of the initiatives undertaken by Pernod Ricard in favour of diversity help to make all the processes that lead to the selection of candidates and their assignment to the highest positions of responsibility in the Company more equitable and have produced the following results over the recent period:”
“For the Executive Committee, the proportion of women increased from 7% to 31.25% between 2015 and 2022; and for the “Top 500” (Senior Management), the proportion of women rose from 19% to 35% between 2015 and 2022.”
On page 117:
Overall workforce is 39% female so the company has similar female ratios at all levels, and 48% of hires in 2022 were female which also reinforces this.
To see a breakdown of these stats from the S&P 500, the Russell 1000, and MSCI World (coming soon!) – start a free trial of DiversIQ: https://diversiq.com/contact/