PR87093

NEW YORK, Dec. 8, 2020 /PRNewswire=KYODO JBN/ --

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

Once again, Catalyst CEO Champions For Change (https://c212.net/c/link/?t=0&l=en&o=3005399-1&h=4204616913&u=https%3A%2F%2Fwww.catalyst.org%2Fchampions%2Fceo-champions%2F&a=Catalyst%C2%A0CEO+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 - https://mma.prnewswire.com/media/597751/Catalyst_C4C_Logo.jpg

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 ethnicity.

  -- 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 (https://c212.net/c/link/?t=0&l=en&o=3005399-1&h=2495677109&u=https%3A%2F%2Fwww.catalyst.org%2Fresearch%2Fceo-champions-for-change-2020-report%2F&a=Read+the+report ).

Learn more. ( https://www.catalyst.org/champions/ )

Join the conversation: #CatalystForChange

###

About Catalyst

Catalyst (https://c212.net/c/link/?t=0&l=en&o=3005399-1&h=2039865039&u=http%3A%2F%2Fwww.catalyst.org%2F&a=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

Catalyst

npatton@catalyst.org

Stephanie Wolf

US Communications Consultant

Catalyst

media@stephaniewolfpr.com

SOURCE: Catalyst