[Press Release]

NEW YORK, Dec. 21, 2018 /PRNewswire/ — BLACK ENTERPRISE, in partnership with The Executive Leadership Council, has released its listing of the “50 Best Companies for Diversity” as featured in the publication’s November/December 2018 issue, which focuses on Diversity and Inclusion in corporate America. The companies singled out for distinction demonstrated a significant commitment to diversity in four key areas: board of directors, employee base, senior management, and supplier diversity.

In 2005, BLACK ENTERPRISE began publishing its list of the “Best Companies for Diversity,” identifying those corporations that proved to be the best of the best in developing a culture and executing policies that promoted inclusion of African Americans within their workforce, senior management ranks, corporate boards, and supplier pools. This year’s roster of companies recognized the value of the link between diversity and engagement, which is driven by corporate leadership.

“There are CEOs of firms on the 50 Best Companies list in this issue like Jamie Dimon of JPMorgan Chase and Randall Stephenson of AT&T who value the contributions of all employees and have made unshakeable commitments to placing African Americans front and center as part of their diversity mantra. In fact, I applaud the fact that both have been candid and outspoken in openly addressing race within corporate settings,” says BLACK ENTERPRISE’s President and CEO, Earl “Butch” Graves Jr.  “Our content research team, however, sent surveys to more than 1,000 of the nation’s largest publicly traded corporations to gain information on their D&I efforts as it pertained to African American representation within their workforce. At least two-thirds have refused to submit such data, share whether they have diversity departments, or state whether their CEO directs their company to adopt diversity best practices. There is a lot more work that needs to be done.”

In selecting the 2018 companies, BLACK ENTERPRISE sentsurveys to the nation’s top 1,000 publicly traded companies with strong U.S. operations. The final list includes those that showed a commitment to diversifying its ranks in four areas: employee base, senior management, supplier diversity, and board of directors. Companies were also chosen based on programs created to nurture and maintain a diverse professional space. Surveys did not simply focus on black inclusion, but ethnic minority groups as defined by the U.S. Census Bureau.

The full list of the 2018 Black Enterprise “50 Best Companies for Diversity” is as follows:

 California Minnesota
PG&E Corp., San FranciscoGeneral Mills Inc., Minneapolis
Wells Fargo & Co., San Francisco
North Carolina
ConnecticutBank of America Corp., Charlotte
Xerox Corp., NorwalkDuke Energy Corp., Charlotte
Cigna, BloomfieldLowe’s Cos. Inc., Mooresville
District of ColumbiaNew Jersey
Fannie MaeADP Inc., Roseland
Merck & Co Inc., Kenilworth
GeorgiaPrudential Financial Inc., Newark
Aflac Inc., Columbus
The Coca-Cola Co., AtlantaNevada
Southern Co., AtlantaMGM Resorts International, Las Vegas
UPS, Atlanta
New York
IllinoisAmerican Express Co., New York
Accenture plc, ChicagoAllstate Corp., NorthbrookConsolidated Edison Inc., New YorkIBM Corp., Armonk
Exelon Corp., ChicagoJPMorgan Chase & Co, New York
Jones Lang LaSalle Inc., ChicagoMorgan Stanley, New York
McDonald’s Corp., Oak BrookPepsiCo Inc., Purchase
State Farm Insurance Co., BloomingtonTIAA, New York
Verizon Communications Inc., New York
Eli Lilly and Co., Indianapolis
LouisianaMacy’s Inc., Cincinnati
Entergy Corp., New OrleansNationwide Insurance Co., Columbus
Lockheed Martin Corp., BethesdaMarriott International Inc., BethesdaAramark, PhiladelphiaPNC Financial Services Group Inc., Pittsburgh
Ameren Corp., St. LouisTennessee
FedEx Corp., Memphis
DTE Energy Co., DetroitFord Motor Co., Dearborn Texas
General Motors Co., DetroitThe Kellogg  Co., Battle CreekAT&T Inc., DallasComerica Inc., DallasJ.C. Penney Co. Inc., Plano
Toyota Motor North America, Inc., Plano
Johnson Controls Inc., Milwaukee

The complete report, including methodology and selection criteria, is available in the November/December issue of BLACK ENTERPRISE magazine.

BLACK ENTERPRISEyour ultimate source for wealth creation, is the premier business, investing, and wealth-building resource for African Americans. Since 1970, BE has provided essential business information and advice to professionals, corporate executives, entrepreneurs, and decision makers. Every month, BLACK ENTERPRISE magazine provides 6 million readers with information on entrepreneurship, careers, and financial management. A multimedia company, BLACK ENTERPRISE produces television programming, business and lifestyle events, web content and digital media. BLACK ENTERPRISE is the definitive source of information for and about African American business markets and leaders, and the authority on black business news and trends.


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