Colgate-Palmolive: No. 21 in the DiversityInc Top 50
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Company Information
U.S. Headquarters: New York |
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Why It’s on the List
A mainstay on the list, the consumer-packaged-goods company has a D&I effort that impacts most of its small U.S. employee base (5,145 workers) as well as its much larger global worker population (87 percent of its workers are located outside the United States). Chairman, President and CEO Ian Cook chairs the executive diversity council, meets regularly with resource groups, and signs off on executive compensation linked directly to D&I goals. The 10-member board of directors is 50 percent Black, Latino and Asian, and diversity is factored into succession planning at all senior-management levels. Colgate-Palmolive has strong resource groups, both in the United States and globally. Its Colgate Women’s Network has 26 chapters in 36 countries. Hourly workers participate in the groups, which is always an issue in this industry. The groups are used for talent-development initiatives as well as diversity training. The company also has a long history of multicultural philanthropy including relationships with UNCF (the United Negro College Fund) and National Hispanic Corporate Achievers. Twenty-five percent of its senior executives (top two levels) sit on multicultural boards. |
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Diversity Leadership
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