How do you know whether a company is strong on diversity? There's a long list of diverse companies. There are many diversity awards. Some of the lists and awards are solid and substantive; others, not so much. In considering top companies for diversity there are some great sources that are based on concrete and tangible data points. Beyond lists and awards, there are several key factors to look at and questions to ask.
What is the company's rating in the HACR Corporate Inclusion Index (which rates companies based on Hispanic inclusion in employment, procurement, governance, and philanthropy)? How much business does the company do with MWBE's (minority and women business enterprises)? Are they a member of organizations such as the Billion Dollar Roundtable (BDR), the National Minority Supplier Development Council (NMSDC), and the Women's Business Enterprise National Council (WBENC)? Does the company have diverse leaders in top leadership?
Here we present brief profiles on five companies that are outstanding for diversity: AT&T, Comcast NBCUniversal, General Motors, Toyota, and Verizon.
AT&T is ranked #12 among the Fortune 500 with $132.4 billion in revenues, $6.2 billion in profits, $86.3 billion in stockholder equity, over 243,000 employees, and a market value of $ 169.4 billion. In the HACR Corporate Inclusion Index, AT&T is one of only three companies to earn a rating of 95 out 100. What is even more remarkable is that AT&T has scored a 95 rating each of the past five years. When it comes to supplier diversity, AT&T is also among the top companies, purchasing over $15-5 billion per year in goods and services from MWBE's. AT&T is a member of the Billion Dollar Roundtable, a prestigious group of 20 major companies that spend $1 billion or more with Minority Business Enterprises. AT&T is also a member of the BDR, NMSDC, and WBENC.
Ralph de la Vega is a great example of a diverse leader in the top leadership of AT&T. During his career, he worked his way up within AT&T and its predecessor companies and was recently promoted to Vice Chairman, AT&T Inc. and Chief Executive Officer, AT&T Business Solutions and AT&T International. Ralph also serves the board of directors of New York Life. It is worth noting that AT&T has 12 employee resource groups (ERG's) and nine employee networks (EN's) that have a combined membership of 122,000 employees. AT&T's Hispanic ERG, which is called HACEMOS, has been widely recognized as one of the strongest ERG's in...