U.S. Headquarters: New York City
U.S. Employees: 9,000
Why It’s on the List
The financial-services organization makes the list for the second year in a row, moving up five spots. President and CEO Roger Ferguson is a strong diversity proponent. He meets regularly with employee resource groups, signs off on executive compensation tied to diversity goals, visibly communicates the importance of diversity and inclusion, and is a leader in multicultural organizations, including 100 Black Men.
The organization has a diverse board of directors. The 29-member board is 34.5 percent women, 17.2 percent Black and 3.5 percent Latino.
Both internal and external recruiters are asked to “do a thorough market scan with extra attention toward presenting people of color and women,” the company says. This effort is apparent with recent hires, including Juan Carlos Morales, Chief Financial Officer for TIAA-CREF Asset Management, and Chris Van Buren, Senior Managing Director and Chief Risk Officer for TIAA-CREF Asset Management.
TIAA-CREF has seven employee resource groups, with 26 chapters. Groups are used for recruiting, talent development, marketing, on-boarding and diversity training. The company measures employee engagement of group members versus those who are not members to assess progress.
President and CEO
“TIAA-CREF’s commitment to diversity began over 95 years ago and hasn’t wavered since, because we recognize the tremendous value it brings to our customers and our business. Our diverse workforce has always been a key factor behind our success and is more important today than ever, as we look to further diversify our business and broaden the scope of the people we serve.”
Senior Vice President and Chief Diversity & Inclusion Officer
“For us, diversity goes much deeper than skin color and gender. It’s about diverse thinking, experiences and approaches. That depth enables us to look at issues and opportunities from many different angles, have richer discussions, better understand the people we serve, and deliver stronger solutions for them.”