No. 43 | Monsanto | DiversityInc Top 50

WHY THEY’RE ON THE LIST

KEY RESULTS


ERG Sponsorship by Second-Level Senior Managers: Triple the Top 10 average and more than five times the Top 50 average

ERG Sponsorship by CEO and Direct Reports: 89.4% higher than the Top 10 and more than double the Top 50 average

Mentoring by Second-Level Senior Managers: 47.8% higher than the Top 10 and 80.5% higher than the Top 50

BEST PRACTICES

Diversity is integral to Monsanto’s business strategy because of its diverse customer database. “Making a balanced meal accessible to everyone, and doing it in a sustainable way, requires a wide range of ideas and resources,” the company explains. “That’s why our more than 20,000 employees come from a variety of backgrounds.”

One area Monsanto has seen success in is its mentoring program. About a quarter of all employees participate in formal mentoring, and more than half of these mentoring pairings are cross-cultural. The mentoring program sets measurable goals for assessing a pair’s success and also enforces formal follow-up procedures. CEO Hugh Grant, Grant’s direct reports and all second-level senior managers participate in the mentoring program.

Monsanto also has had success with its nine resource groups, which the company calls Business Resource Networks (BRNs), with 13 chapters in total. About a quarter of all employees participate in these groups, which are available to all Monsanto employees.

DIVERSITY LEADERSHIP

Hugh Grant

Chairman & CEO

“Monsanto needs a dedicated team that brings diverse thinking, diverse experiences and diverse approaches to help nourish our growing world. Embracing a wide range of perspectives and backgrounds is how we build the strong partnerships needed to pursue solutions to the big challenges we all share.”

Melissa Harper

Vice President, Global Talent Acquisition, Inclusion & Diversity & HR Compliance

“In an increasingly complex global environment, farmers look to us for innovative agricultural solutions. Creating those solutions requires people with diverse viewpoints and backgrounds to come together. Inclusion and diversity are vital in creating a great place to work for our employees and an essential business driver for our company.”

COMPANY FACTS

MON (NYSE)

U.S. HEADQUARTERS:St. Louis, Mo.

GLOBAL EMPLOYEES:21,183

Last Year’s DiversityIncTop 50 Ranking No.43

DiversityInc Lists

No. 7 Employee Resource Groups

No. 8 People with Disabilities

Latest News

Novartis Chief Medical Officer John Tsai on Balancing Medical Innovations With Patient Needs

Originally published at novartis.com by Elizabeth Dougherty. John Tsai is Novartis’ Head of Global Drug Development and Chief Medical Officer. Novartis Pharmaceuticals is a DiversityInc Hall of Fame company.   John Tsai’s career as a physician, and now as Head of Global Drug Development and Chief Medical Officer for Novartis, had an unlikely…

Montgomery Mayor Steven Reed

City of Montgomery, Alabama Faces $25,000 State Fine for Changing Street Named After a Confederate Leader

Despite a state law designed to “protect” longstanding Confederate monuments and memorials, the city of Montgomery, Alabama, has decided that it would rather incur a fine than continue going on with a city street named after President of the Confederate States from 1861 to 1865, Jefferson Davis. Kim Chandler of…

Global Diversity

Despite Massive Uptick in Global DEI Initiatives, New Study Reveals Real Change in Corporate Workforces Remains Slow 

Even though DEI as a business imperative continues to grow both in the United States and around the world, a new study has found that many business leaders and executives have merely raised awareness of why diversity, equity and inclusion is important — as opposed to actually making meaningful progress…

Novartis Collaborates With Microsoft To Innovate Medicine Through Data and Artificial Intelligence

Originally published on LinkedIn. Novartis Pharmaceuticals is a DiversityInc Hall of Fame company.   “We are not just discoverers. We actually create molecules that have never been made before.” Says Karin Briner, Head of Global Discovery Chemistry at Novartis Institutes for BioMedical Research (NIBR). By collaborating with Microsoft and augmenting the expertise of our…

Mastercard Announces Launch of Crescent City Card Program in Partnership With New Orleans and MoCaFi

Originally published at mastercard.com. Mastercard ranked No. 5 on The DiversityInc Top 50 Companies for Diversity list in 2021.   New Orleans Mayor LaToya Cantrell was joined by executives from Mastercard, Mobility Capital Finance, Inc. (MoCaFi), and Forward Together New Orleans to announce the Crescent City Card Program. The program involves a…

Mastercard on Supporting Inclusive and Sustainable Urban Development by Expanding Its ‘City Possible’ Network

Originally published at mastercard.com. Mastercard ranked No. 5 on The DiversityInc Top 50 Companies for Diversity list in 2021.   Mastercard has continued to expand its support for addressing urban challenges and inequalities, working with city leaders and partners around the world, through the City Possible™ network and capabilities. The unique solutions…

Rep. Ilhan Omar

Colorado Rep. Lauren Boebert Makes Anti-Muslim Comments Against Fellow Rep. Ilhan Omar of Minnesota

Following the horrific example of Rep. Paul Gosar of Arizona, who posted an animated video depicting the killing of his congressional colleague Alexandria Ocasio-Cortez, another member of the House of Representatives has made a similarly vile attack on a co-worker based purely on her religious beliefs. James Anderson of the…

Pinterest app

Pinterest Enacting New Company-Wide DEI Initiatives Following Gender and Race Discrimination Lawsuit

Following a lawsuit led by the General Treasurer of Rhode Island, social media company Pinterest has announced that it will be enacting a series of new diversity, equity and inclusion workplace reforms to settle a recent lawsuit against them. Patrick Anderson of The Providence Journal reported that “the reforms are…