15 Most Diverse Companies in the US

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In this article, we take a look at the 15 most diverse companies in the US. To skip our detailed analysis, you can go directly to the 5 Most Diverse Companies in the US.

Amid growing investor pressure and compelling evidence of economic benefits, companies have begun to take environmental, social and governance (ESG) principles very seriously. In recent years, we have seen a dramatic increase in activist investors pushing large companies to adopt ESG practices. Studies also show that ESG is directly linked to economic benefits. For example, a study of Moore worldwide, which included 1,262 large companies from eight major economies, found that companies that took ESG seriously saw revenue growth twice as fast as those that are less committed to ESG. The study also found that companies that adhere to ESG principles grew profits three times faster than those that are less interested in ESG. The survey also found that about 83% of companies that invested in ESG reported improved customer retention, while 84% reported that ESG practices improved their ability to attract outside investment.

Investors are also flocking to companies with strong ESG practices because there is real money to be made in ESG investing. A 2019 report from McKinsey showed that global sustainable investing exceeded $30 trillion, an increase of a whopping 68% from 2014. The problem of climate change and rising human rights awareness would only increase opportunities in the ESG field.

The importance of ESG in the investment space is evidenced by the fact that the US government is initiating various actions to force companies to comply with ESG rules. The Securities and Exchange Commission is developing a common benchmark for how sustainable products are rated and reported. However, such practices also led to resistance from several companies.

Data from Bloomberg Intelligence shows that global ESG assets are expected to exceed $50 trillion by 2025.

To rank the most diverse companies in the US, we considered rankings from major publications, including Forbes, Fortune, Transport and Diversity Inc. If a company was included in more than one list, it was ranked higher. We also considered the ranking for each company given by each list.

photo by Ant Rozetsky On Unsplash

15. KPMG

KPMG, one of the largest accounting firms in the world, has approximately 265,000 employees. KPMG is committed to reducing inequality within its workforce and promoting gender equality and has hosted several online events to promote the importance of inclusion for its employees.

14.Toyota Motor Corporation (NYSE:TM) (North America)

Toyota Motor Corporation (NYSE:TM) North America recently released its 2022 Diversity and Inclusion Report, which found that Toyota Motor Corporation (NYSE:TM) (North America) contributed more than $3.3 million in grants through the Rainbow PUSH program for the last 17 years. Toyota Motor Corporation (NYSE:TM) (North America) also employed 60% of Rainbow PUSH students full-time.

13. Walmart Inc. (NYSE:WMT)

Walmart Inc. (NYSE:WMT) is the largest private employer in the US with more than 2 million employees, so its commitment to diversity has a very strong impact on the US workforce. Walmart Inc. (NYSE:WMT) reported that in 2021, hourly promotion rates for women and people of color were in line with representation, while office representation in the country for women and people of color was the highest since 2020.

12.Netflix Inc. (NASDAQ:NFLX)

The streaming giant currently has more than 222 million subscribers. Netflix Inc. (NASDAQ:NFLX) released its 2021 Inclusion Report, which revealed that more than half of the company’s workforce, including global leadership, are women.

11. PayPal Holdings, Inc. (NASDAQ:PYPL)

PayPal Holdings, Inc. (NASDAQ:PYPL) is an online payment processing giant with 400 million users and approximately 31,000 employees. PayPal Holdings, Inc. (NASDAQ:PYPL) supports several initiatives to promote diversity in the workplace, including Veteran Jobs Mission, AfroTech, Lesbians Who Tech Summit and Hispanic Alliance for Career Enhancement.

10. Comcast Corporation (NASDAQ:CMCSA)

Comcast Corporation (NASDAQ:CMCSA) is one of the most diverse companies in the US Comcast Corporation (NASDAQ:CMCSA), one of the largest telecommunications companies in the world, embraces diversity in terms of culture, background and perspective.

9. Mastercard Incorporated (NYSE:MA)

Mastercard Incorporated (NYSE:MA), one of the largest financial services and credit card companies in the world, is considered the second largest payment processing company in the world. The 2021 Global Inclusion report from Mastercard Incorporated (NYSE:MA) states that the company has increased the number of women in senior management roles to 33%. Further, Mastercard Incorporated (NYSE:MA) achieved an 80% completion rate for Conscious Inclusion Training while introducing a feature “allowing transgender and non-binary individuals to display their chosen name on their cards in Europe, Latin America and the Middle East .”

8. BlueCross blue shield

Two different companies within the BlueCross Blue Shield network were on different lists, showing that the parent company is doing something right. BlueCross Blue Shield Association consists of 34 independent and locally operating companies that provide health insurance to more than 106 million people.

7. Eli Lilly and Company (NYSE:LLY)

Eli Lilly and Company (NYSE:LLY), one of the largest pharmaceutical companies in the world, has more than 35,000 employees worldwide and is considered one of the most diverse companies in the US. Eli Lilly and Company (NYSE:LLY) leverages the diverse backgrounds of its thousands of employees to drive better scientific breakthroughs and adopt a data-driven approach to diversity, equity and inclusion.

6. The Hartford Financial Services Group, Inc. (NYSE:HIGH)

The Hartford Financial Services Group, Inc. (NYSE:HIG) is an investment and insurance company. The Hartford Financial Services Group, Inc. (NYSE:HIG) believes that continuous progress and innovation requires new ideas from different thought processes and backgrounds, which is only possible when inclusion and diversity are put into practice. According to the chairman and CEO of The Hartford Financial Services Group, Inc. (NYSE:HIG):

“Who we are matters, and building a more diverse workforce and nurturing an inclusive culture remains a top priority for The Hartford. I remain equally and personally committed to working within the industry and with other business leaders to drive change. promote.”

Click to read more and the 5 Most Diverse Companies in the US.

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Disclosure: None. 15 Most Diverse Companies in the US was originally published on Insider Monkey.

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