Country for PR: United States
Contributor: PR Newswire New York
Wednesday, December 09 2020 - 00:00
CEOs Who Pledged to Advance Women Outpace Global Peers in Elevating Women in Leadership Roles
NEW YORK, Dec. 8, 2020 /PRNewswire-AsiaNet/ --

  -- Report Provides Recommendations On How to Collect Race/Ethnicity Data

Once again, Catalyst CEO Champions For Change ( 
) are advancing women across the leadership pipeline, according to the newly 
released Towards a More Equitable Future: The Catalyst CEO Champions For Change 
report. The report also identifies ways global companies can collect data on 
ethnicity and race in their organizations.

Logo - 

The tangible progress in women's representation in the global leadership 
pipeline shows women comprise nearly 40% of managers and are nearly at a third 
of senior-level and board leadership:

  -- Executives: 27.0% (vs. global companies: 23%) 
  -- Senior managers: 29.5% (vs. global companies: 29%) 
  -- Managers: 39.3% (vs. global companies: 37%) 
  -- Board directors: 31.6% (vs. S&P 500: 26%)

The pandemic and protests against racism have led to a corporate awakening, 
propelling more companies to dig deep and commit to taking action to break down 
systemic barriers created by racial and ethnic inequities. Long before 2020, 
Catalyst CEO Champions For Change have been engaged in this effort, and they 
continue to lead the way toward creating more inclusive workplaces. 

"Across all levels of our company, we're committed to increasing the 
representation and visibility of diverse talent, and our partnership with the 
Catalyst CEO Champions For Change will help us to accelerate that progress," 
said Brian Moynihan, CEO at Bank of America. "We have also built on work we 
have had underway throughout our company's history to ensure a diverse and 
inclusive workplace and have seen increases in diverse representation in nearly 
every area."

The report explores ways to measure the representation of women who identify 
with underrepresented ethnic and racial groups and provides a three-step plan 
to help organizations accelerate their journey toward equity:

  -- Step 1: Get educated on intersectionality. 
  -- Step 2: Establish a system for collecting reliable data on race and
  -- Step 3: Start the conversation about racism.

"Women, and particularly women of color, continue to face entrenched barriers 
to advancement in companies across the world, but it's important that Catalyst 
CEO Champions For Change companies continue to demonstrate collective 
progress," said Catalyst President & CEO Lorraine Hariton. "We know more work 
needs to be done, but the data show positive gains, and we're proud to partner 
with these CEOs in this effort."

Read the report ( 

Learn more. ( )

Join the conversation: #CatalystForChange 


About Catalyst 
Catalyst ( 
) is a global nonprofit working with some of the world's most powerful CEOs and 
leading companies to help build workplaces that work for women. Founded in 
1962, Catalyst drives change with pioneering research, practical tools, and 
proven solutions to accelerate and advance women into leadership-because 
progress for women is progress for everyone.

Media Contacts:

Naomi R. Patton
Vice President, Media & Public Relations

Stephanie Wolf
US Communications Consultant

SOURCE: Catalyst