Sunday, 12 November 2017

Catalyst CEO Champions for Change Outperform the S&P 500 for Advancing Women Leadership in the Workplace



Pitney Bowes is a Proud Member of Catalyst CEO Champions for Change


STAMFORD, CT, November 7, 2017: Pitney Bowes (NYSE: PBI), a global technology company that provides innovative products and solutions to power commerce, is being recognized today by the Catalyst CEO Champions For Change initiative. Catalyst CEO Champions for Change is a collective of 50 high-profile CEOs who visibly support and drive diversity, inclusion and gender equality within their organizations to advance women into leadership roles. According to a progress report released today by Catalyst, using baseline data mined from all Catalyst Champion companies, findings show that the Catalyst Champion organizations, including Pitney Bowes, are outperforming their peers in the S&P 500 in all areas of women’s representation.

Pitney Bowes has previously earned the Catalyst Award for its diverse and inclusive practices toward women who now represent 42% of its global workforce, 27% of its senior management, 30% of direct reports to the CEO, and 36% of its Board of Directors.

“We commend Pitney Bowes along with the other Catalyst Champion CEOs who represent a passionate group of change agents. They are already leaders and champions of gender equality and inclusion. Now they are taking bold action, holding themselves publicly accountable for doing the right thing and inspiring all of us to do more,” says Deborah Gillis, President and CEO, Catalyst.

“Our commitment to diversity, inclusion, and open markets is the right thing to do, it’s imperative for our business, and it is core to who Pitney Bowes has been for nearly 100 years,” said Marc Lautenbach, President and CEO of Pitney Bowes. “Our company has evolved and adapted throughout almost a century of change, guided by these unassailable truths. We will continue to be vigilant to our values which are that we do the right thing the right way.”

Findings from the report include:
·         Catalyst Champion companies outperform their S&P 500 peers in advancing women at all levels of the organization, specifically among board seats (29.0% Catalyst Champion vs. 21.2% S&P 500), executive/senior-level positions (27.9% Catalyst Champion vs. 26.5% S&P 500) and first-/mid-level positions (38.4% Catalyst Champion vs. 36.9% S&P 500).
·         Catalyst Champion companies outperform their S&P 500 peers in advancing women of color at all levels of the organization, specifically among board seats (6.0% Catalyst Champion vs. 3.8% Fortune 500[1]), executive/senior-level positions (5.2% Catalyst Champion vs. 4.7% S&P 500) and first-/mid-level positions (11.3% Catalyst Champion vs. 10.5% S&P 500).

To add context, even what looks like relatively small progress in some cases can have a large impact. For example, Catalyst’s analysis shows that improving the total number of women in leadership roles by 1% across all S&P 500 companies would result in 12,000 more women in these roles.

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