National Hispanic Heritage Month honors the cultures and contributions of both Hispanic and Latin Americans as we celebrate heritage rooted in all Latin American countries.
To kick off Hispanic Heritage Month, we’ve taken a look at Hispanic/Latinx diversity in the S&P 1000.
According to Census.gov, as of 7/1/22, people of Hispanic/Latin American descent make up 19.1% of the US population.
We currently have 633 EEO-1 Reports for S&P 1000 companies, of these:
- On average, 12% of a company’s workforce is Hispanic/Latinx
- The median is 9%
- With a minimum of 1% and a maximum of 48%
See the chart above for the full distribution across companies 👆
The best performing companies in terms of Hispanic/Latinx diversity are:
- Lamb Weston 48%
- Ross Stores 44%
- Essex Property Trust 44%
- Vornado Realty Trust 43%
- Yum! Brands 42%
And the worst performing companies in terms of Hispanic/Latinx diversity are:
- PPL Corp 1%
- Ameren 1%
- Universal Display 2%
- Teradata 2%
- Pinnacle Financial Partners 2%
In terms of sector – here’s the distribution:
- Consumer Discretionary 21%
- Consumer Staples 16%
- Real Estate 15%
- Energy 15%
- Communication Services 12%
- Industrials 11%
- Materials 11%
- Utilities 11%
- Health Care 10%
- Financials 9%
- Information Technology 8%
The highest performing sector is “Consumer Discretionary,” coming in at just above the national average of 19.1% Hispanic/Latinx employees.
Looking at the aggregate numbers is discouraging, but the chart shows a long tail of companies with over 20% representation.
We’re excited to see this grow and change over time.
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