EY recognized for its commitment to Diversity & Inclusiveness
New York, 20 April 2016
Celebrates #3 Spot on
DiversityInc’s Top 50 Companies for Diversity List
Ernst & Young LLP announced today that it was named #3 on DiversityInc’s 2016 Top 50 Companies for Diversity list. This marks the firm’s 8th consecutive year ranked in the top 10 and the 13th time overall in the top 50, and positions EY as the top professional services firm for diversity and inclusiveness (D&I).
“We are proud and honored to once again receive this important recognition from DiversityInc,” said Stephen R. Howe Jr., EY US Chairman and Managing Partner and EY Americas Managing Partner. “Diversity & inclusiveness efforts are key components of our firm’s overall strategy and helps to differentiate EY in today’s global marketplace.Embedding D&I practices throughout all aspects of our business helps us to drive innovation, build stronger relationships with our clients, attract and retain the best talent and most importantly, deliver exceptional client service.”
DiversityInc also announced a number of specialty lists, with Ernst & Young LLP ranking as follows:
- No 1 Top 15 Companies for Mentoring – second year in a row at #1
- No. 1 Top 12 Companies for Diversity Councils – third year in a row at #1
- No. 1 Top 12 Companies for Global Diversity
- No. 1 Top 9 Companies for LGBT Employees
- No. 2 Top 12 Companies for Employee Resource Groups
- No. 3 Top 9 Companies for People With Disabilities
- No. 7 Top Companies for Recruitment
- No. 9 Top 13 Companies for Supplier Diversity
“Building a diverse and inclusive workplace is a productive and valuable journey, not an event or destination,” said Karyn Twaronite, EY Global and Americas Diversity & Inclusiveness Officer and U.S Executive Committee member. “At EY we are continuously working to promote a collaborative environment where individual participation and differences are valued and these collective talents are transformed into better solutions. We are honored to be among those recognized for our commitment to D&I and will continue to build on our efforts in the US and globally.”
EY has a long commitment to diversity and inclusiveness and also engages other leading organizations and thought leaders on issues important to the firm and the broader marketplace. In fact, earlier this year, EY and The Peterson Institute for International Economics released a new study - Is Gender Diversity Profitable? Evidence from a Global Study.The report revealed a strong correlation between gender diversity and profitability, finding that an organization with 30 percent female leaders could add up to 6 percentage points to its net margin. Also this year, EY and the Center for Talent Innovation convened business and academic leaders to discuss a new studythat explored the challenges businesses face in promoting Lesbian, Gay, Bisexual and Transgender (LGBT) equality globally.
Ernst and Young LLP has also forged relationships with leading minority professional organizations such as NABA, BBPA, ALPFA, NBMBAA, Ascend and other groups. Through these organizations, EY’s people broaden their external networks, gain leadership experience, and have the opportunity to give back to our communities through mentoring and volunteer programs.
In an effort to acknowledge and support equality for people of all abilities in the workplace, last year, Ernst and Young LLP was a presenting sponsor for the America’s Disabilities Rights Museum on Wheels, the country's first disability rights mobile museum. Additionally, in 2015, the firm was a founding member of the Clinton Global Initiative’s Working Parent Support Coalition, a first-of-its-kind coalition committed to implementing parental workplace support practices that improve health, development, and economic outcomes for working parents and their children.
According to DiversityInc, this year’s Top 50 companies have significantly more diversity than average American enterprises. Compared with EEOC statistics, these 50 companies have 20% more Blacks, Latinos, and Asians in management, and 13% more women. In the Top 10 the contrast is even sharper, with 41% more Blacks, Latinos, and Asians, and 46% more women than US corporate average. This year, for the first time, the National Organization on Disability tracker was required for the Top 10 Disabilities list. Any company with over 1,000 U.S.-based employees is eligible to enter, and there is no cost to compete. Each company’s rank is based on objective analysis of 183 separate factors, based on data from a 300-question survey. The four equally weighted areas of measurement include Talent Pipeline, Equitable Talent Development, CEO/Leadership Commitment, and Supplier Diversity.
Ernst & Young LLP was recognized on April 19th during DiversityInc’s annual announcement dinner, which was held at Cipriani Wall Street and was attended by more than 900 senior executives from across the country.
For the entire Top 50 list, visit www.diversityinc.com or follow the conversation online with the hashtag #DITop50. For more information about diversity and inclusiveness initiatives at EY, visit www.ey.com/US/inclusiveness.
DiversityInc’s mission is to bring education and clarity to the business benefits of diversity. The DiversityInc Top 50 Companies for Diversity list began in 2001 at the same time many corporations were beginning to understand the business value of diversity-management initiatives. The 2015 Top 50 Companies for Diversity results are featured on DiversityInc.com and in DiversityInc magazine. For more information, log on to www.diversityinc.com, https://www.facebook.com/DiversityInc, https://twitter.com/DiversityInc or http://www.linkedin.com/company/26561.
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This news release has been issued by Ernst & Young LLP, a member of the global EY organization that provides services to clients in the US.