BASF Recognized for Diversity
NEW YORK/FLORHAM PARK, NJ - DiversityInc has ranked BASF #28 on its 2015 Top 50 Companies for Diversity ranking. BASF also ranked #10 on DiversityInc's list of Top 10 Companies for Diversity Councils.
"Making the list for the third year in a row, BASF has a strong executive diversity council and has made great progress in recruitment," said DiversityInc CEO Luke Visconti. "Led by the diversity council and a team of professionals dedicated to making diversity and inclusion a key business priority, the company's D&I efforts have been enhanced by its detailed diversity scorecard."
DiversityInc Top 50 companies have significantly more diversity than average American corporations. Compared with EEOC statistics, Top 50 companies have 20% more African Americans, Latinos, and Asians in management, and 13% more women. In the Top 10 the contrast is even sharper, with 41% more African Americans, Latinos, and Asians, and 46% more women than U.S. corporate average. This year, for the first time, the National Organization on Disability tracker was required for the Top 10 Disabilities list.
CNBC covered the DiversityInc Top 50 event and provided the stock market econometric evaluation. "The Top 50 list outperformed the market on a short- and long-term basis, which has been the case over the past several years. This shows evidence of the link between excellence in diversity management and superior corporate governance," said Visconti.
Any company with over 1,000 U.S.-based employees is eligible to enter, and there is no cost to compete. Each company's rank is based on objective analysis of 183 separate factors, based on data from a 300-question survey. The four equally weighted areas of measurement include talent pipeline, equitable talent development, CEO/leadership commitment and supplier diversity.