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5 Great Regional Companies for Diversity

DiversityInc Top Regional Companies for DiversityIn trying to find a way to showcase the diversity-management efforts of locally based organizations that can’t compete on the scale of national and multinational corporations, we conducted a competition based on a 50-question subset of The DiversityInc Top 50 Companies for Diversity survey.

It included essential questions in the four areas we measure—CEO Commitment, Human Capital, Corporate and Organizational Communications, and Supplier Diversity. We invited companies in 24 Metropolitan Statistical Areas (MSAs), mostly in the Midwest, Mid-Atlantic and New England, to participate. Here are five organizations that stood out, in their ranked order.

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No. 1: KeyCorp, Cleveland
The regional bank, whose CEO, Beth Mooney, is a strong proponent of D&I, has a CEO-led executive diversity council, and 15 percent of executive bonuses are tied to diversity goals. Its cross-cultural mentoring program is particularly effective, with two-thirds of its managers participating.

No. 2: PNC Bank, Pittsburgh
With strong mentoring and resource groups, PNC has made great progress in its efforts to promote women. There are almost 20 percent more women in the second level of management (direct reports to the CEO’s direct reports) than the average of all companies that submitted.

No. 3: Ameren, St. Louis
The utility company has very strong CEO support in Tom Voss and deep community connections. Ameren spends 8 percent of its gross revenue on philanthropy and directs half of that to multicultural nonprofits.

No. 4, Horizon Blue Cross Blue Shield of New Jersey, Newark
The health-insurance company takes advantage of the diversity of its home city, with its new hires of Blacks and Latinos more than double the average percentages of submissions.

No. 5: SSM Health Care, St. Louis
The hospital system has strong mentoring and work/life programs and has increased its women in top management.

The other participants, in alphabetical order, were: American Diabetes Association, Cintas Corporation, Dot Foods, Federal Reserve Bank of St. Louis, Huntington National Bank, The Laclede Group, Moffitt Cancer Center, State Street Corporation, and Thompson Hine LLP. We commend them for sharing their data and for their commitment to improving their diversity-management initiatives.

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