April 25, 2013
MasterCard listed among top five companies for diversity
PURCHASE – MasterCard has been recognized as a top corporate leader for diversity by DiversityInc and jumped ten spots to fifth place on this year’s list of top 50 companies. MasterCard was distinguished for the company’s ongoing commitment to a culture of inclusion, driving innovation, talent development and results.
MasterCard puts a premium on nurturing an inclusive culture where employees with wide-ranging backgrounds and qualities are highly motivated, engaged and connected. The company’s culture is built on the fundamental belief that by bringing together people with a variety of strengths, skills and experiences, it will be best able to meet the unique payment needs of those they serve.
“In its first-time in the top ten, MasterCard has shown a significant improvement in its diversity-management efforts,” said DiversityInc CEO, Luke Visconti. “Half of the company’s C-suite executives are executive sponsors of business resource groups and all members of the executive diversity council are mentors. This type of inclusive behaviour permeates the organization and has human-capital results,” he added.
The survey, now in its 14th year, leads to a detailed, empirically driven ranking based on four key areas of diversity management:
CEO Commitment: accountability for results, personal communications, visibility;
Human Capital: five levels of management, promotions in and into management;
Corporate and Organizational Communications: mentoring, resource groups, philanthropy, consistency/effectiveness of diversity-management initiatives;
Supplier Diversity: spend with M/WBE companies, as well as companies owned by LGBT people, people with disabilities, veterans.
A total of 893 companies participated in the survey in 2013. There is no fee involved to participate in the survey and each company receives a free report card assessing its performance against all competitors.