WHY IT’S ON THE LIST
BASF makes the list for the second year in a row, rising five spots. The company’s commitment to creating an inclusive culture earned it last year’s Top Company for Diversity Management Progress award.
Led by Chief Diversity Officer and HR Communications Patricia Rossman, BASF’s efforts to accelerate its hiring, talent development, employee resource groups and mentoring have been significant. Twenty-five percent of the bonus of top-level executives is tied to diversity goals.
BASF has implemented a clear and concise dashboard for its executive diversity council and senior leaders to assess results. This includes an overall regional dashboard, unit-specific dashboards linking leader behaviors to diversity hiring, retention, promotion rates, cross-unit movement, incoming versus outgoing movement, representation, years of service and source of new hires.
The company has been developing its mentoring program, and 50 percent of the most senior executives and 70 percent of the next level participate. BASF also has eight resource groups, including one for Working Women in Construction. The company recently established an Employee Resource Group Leadership Network, for group leaders to drive heightened connection to business goals.
Chairman and CEO
“At BASF, we create chemistry for a sustainable future. One key part of doing this is using the power of diversity to drive innovation and growth. Through efforts to attract, develop and retain the best and most diverse team, we gain access to a broad range of new ideas and different perspectives which drives our profitable growth.”
Chief Diversity Officer and HR Communications
“We will only meet our ambitious business goals by becoming more diverse and inclusive. Our efforts supporting inclusive leadership, expanded talent sources, employee resource groups and metrics deliver competitive advantages for our customers and personal advantages for our people.”
U.S. Headquarters: Florham Park, N.J.
Global Employees: 112,000
U.S. Employees: 16,049
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