Catalyst CEO Champions for Change Outperform the S&P 500 for Advancing Women Leadership in the Workplace
November 07 2017 - 9:00AM
Business Wire
Pitney Bowes is a Proud Member of Catalyst CEO
Champions for Change
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.
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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 the
CEO's senior management team, 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 5001), 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.
About Pitney Bowes
Pitney Bowes (NYSE:PBI) is a global technology company powering
billions of transactions – physical and digital – in the connected
and borderless world of commerce. Clients around the world,
including 90 percent of the Fortune 500, rely on products,
solutions, services and data from Pitney Bowes in the areas of
customer information management, location intelligence, customer
engagement, shipping, mailing, and global ecommerce. And with the
innovative Pitney Bowes Commerce Cloud, clients can access the
broad range of Pitney Bowes solutions, analytics, and APIs to drive
commerce. For additional information visit Pitney Bowes, the
Craftsmen of Commerce, at www.pitneybowes.com.
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 the progress of women into leadership —
because progress for women is progress for everyone.
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1
Due to the lack of available data on women
of color among Boards of Directors in the S&P 500, the survey
findings for this category were compared against the Fortune 500
index. See Alliance for Board Diversity and Deloitte, Missing
Pieces Report: The 2016 Board Diversity Census of Women and
Minorities on Fortune 500 Boards (February 6, 2017).
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Pitney BowesCarol Wallace, 203-351-6974carol.wallace@pb.com
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