NEW YORK – February 15, 2017 – The Paradigm for Parity℠ coalition is pleased to announce that Bloomberg, EY and Monsanto have joined the coalition to bring gender parity to corporate leadership. The Paradigm for Parity℠ coalition was launched in December 2016 by a diverse group of current and former CEOs and business leaders committed to achieving a new norm in corporate leadership: one in which women and men have equal power, status and opportunity. In addition to the three signatories announced today, Eastman Chemical Company, Keycorp, Manpower Group and Willis Towers Watson have signed the Paradigm for Parity℠ pledge since the organization’s launch, bringing the total number of companies to 34.
Peter T. Grauer, Chairman of Bloomberg and Founding Chair of the U.S. 30% Club, said, “Gender parity is critical for companies’ continued success and growth. Including more women, especially in senior leadership roles, adds diversity of opinion and leads to better decision-making and stronger financial performance. Bloomberg continues to focus on gender parity through our leadership of the U.S. 30% Club, the launch of a gender-equality index and other company and industry initiatives. We are proud to sign the Paradigm for Parity℠ pledge and look forward to our work with the organization.”
“Signing the Paradigm for Parity℠ pledge expands on Monsanto’s efforts to not only promote inclusion and diversity in STEM (science, technology, engineering and math) careers, but also within our company’s leadership,” said Hugh Grant, Chairman and Chief Executive Officer of Monsanto. “While we’re proud to join this growing coalition of companies committed to gender parity in leadership, we recognize there is still much to be done. Through face-to-face and virtual workshops, we’ll continue training employees on how to overcome unconscious bias, and by leaning on our professional networks and mentorship programs dedicated to supporting women scientists, engineers and rising corporate leaders, we’ll significantly increase the number of women in senior operating roles.”
Mark Weinberger, Global Chairman and CEO of EY, said, “Empowering women is a smart thing for business. Profitability, ROI, innovation—all increase when women are part of an organization’s senior leadership. Building a pipeline of female talent – within EY and in business at large – is an economic imperative. We can’t grow our businesses, jobs and the global economy if we leave 50% of the workforce behind. We are proud to support the Paradigm for Parity℠ coalition to advance this agenda.”
“Gender-balanced leadership is a priority for Willis Towers Watson,” said John Haley CEO, Willis Towers Watson. “Not only do companies with inclusive leadership have higher financial returns, it’s the right thing to do, and it reflects an ongoing commitment to our core values. For Willis Towers Watson to achieve our goals, we have to draw from and engage a talent pool that includes everyone, not just half the population.”
Ellen Kullman, Co-Chair of the Paradigm for Parity℠ coalition, said, “In the two short months since the Paradigm for Parity℠ coalition launched, we have made tremendous strides toward raising awareness about the importance of increasing the number of women in leadership positions. We look forward to growing the number of companies signing the pledge and are confident that our comprehensive action plan will help them achieve gender parity by 2030.”
Original member companies include: Accenture, Adecco, American Electric Power, APCO Worldwide, AstraZeneca, Bank of America, Cargill, The Coca-Cola Company, DSC Logistics, Edison International, Egon Zehnder, Farient Advisors, Frontier Communications, HealthHelp, Huffington Post, Linkage, LinkedIn, McKinsey & Company, MetricStream, NeoGenomics Laboratories, Inc., Newmont Mining, Nordstrom, SAP, Spencer Stuart, TDIndustries, VF Corporation and Voya Financial.
Click here to see what other CEOs are saying about their commitment to achieving gender parity.
The Paradigm for Parity℠ coalition was founded by a group of women with distinguished careers who want to leverage their track records to help all companies benefit from the proven success of gender parity in leadership. The group is led by Jewelle Bickford, Partner, Evercore Partners, Ellen Kullman, former Chairman and CEO, DuPont and Sandra Beach Lin, retired CEO and President, Calisolar Inc.