Exelon Joins United Nations HeForShe Initiative to Advance Gender Equality and Improve Company Retention of Women
September 20 2017 - 1:17PM
Business Wire
Exelon Foundation to invest $3 million to
empower young women and girls to pursue STEM-related careers
Exelon joined the United Nations Women’s HeForShe campaign today
with a commitment to invest $3 million in STEM programs for young
women and girls and to improve the company’s retention of women by
2020. Launched by UN Women three years ago, HeForShe was created to
foster a movement with a systematic approach and targeted platform
where men can become change agents for gender equality.
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Exelon committed to improve retention of women at the company by
2020, with a goal to reach parity in voluntary turnover of men and
women professionals. In addition, to continue building the pipeline
of women pursuing careers in the historically male-populated energy
sector, the Exelon Foundation will invest $3 million over the next
three years to encourage and support young women’s involvement in
Science, Technology, Engineering and Math (STEM). The programs will
create opportunities for girls and women to learn about and pursue
careers in STEM-related fields.
“A diverse team of people – with different backgrounds,
experiences, cultures and perspectives – makes Exelon a
better company and a stronger community partner, and results in
greater innovation and market competitiveness,” said Chris Crane,
Exelon president and CEO. “We are actively and successfully
recruiting women to join Exelon; it's just as important that they
thrive here and find a long-term career with our company. We are
pleased to join with UN Women and distinguished world leaders to
create the change necessary to build a brighter, more sustainable
future where generations of boys and girls have the tools to solve
societal challenges together.”
In 2016, HeForShe launched a Thematic Champions program with
global leaders who stand out as visionaries on gender equality.
Each Champion is assigned a focus area and will actively leverage
their unique resources to drive change that’s fundamental to gender
equality. Crane was named as one of six new HeForShe champions at
their annual meeting.
“We are delighted to mark the third anniversary of HeForShe by
having these leaders join our UN Women family as HeForShe
Champions. They represent diverse sectors and areas of expertise,
and each has carefully crafted commitments that will be invaluable
to creating equal societies,” said Phumzile Mlambo-Ngcuka,
Under-Secretary-General and Executive Director of UN Women.
Exelon’s HeForShe commitment reflects the company’s ongoing
focus on policies and programs that support employees and promote
gender equality. In 2016, Exelon became the first utility to sign
the White House’s Equal Pay Pledge to close the gender pay gap.
This year, the company expanded family leave policy with an
industry-leading benefits package that extends to adoptive parents
and partners, as well as primary caregivers of critically ill
relatives.
The company’s efforts to hire, retain and promote employees from
a variety of backgrounds earned it a spot on this year’s “Top 50
Companies for Diversity,” the national recognition from
DiversityInc. Exelon also recently joined 150 leading companies for
the CEO Action for Diversity & Inclusion™, the largest
CEO-driven business commitment to take action to cultivate a
workplace where diverse perspectives and experiences are welcomed
and respected.
To learn more about Exelon’s initiatives to support the
communities where its employees live and work, visit
exeloncorp.com.
About Exelon
Exelon Corporation (NYSE: EXC) is a Fortune 100 energy company
with the largest number of utility customers in the U.S. Exelon
does business in 48 states, the District of Columbia and Canada and
had 2016 revenue of $31.4 billion. Exelon’s six utilities deliver
electricity and natural gas to approximately 10 million customers
in Delaware, the District of Columbia, Illinois, Maryland, New
Jersey and Pennsylvania through its Atlantic City Electric, BGE,
ComEd, Delmarva Power, PECO and Pepco subsidiaries. Exelon is one
of the largest competitive U.S. power generators, with more than
35,500 megawatts of nuclear, gas, wind, solar and hydroelectric
generating capacity comprising one of the nation’s cleanest and
lowest-cost power generation fleets. The company’s Constellation
business unit provides energy products and services to
approximately 2.2 million residential, public sector and business
customers, including more than two-thirds of the Fortune 100.
Follow Exelon on Twitter @Exelon.
About HeForShe
Created by UN Women, the United Nations entity for gender
equality and the empowerment of women, the HeForShe solidarity
movement for gender equality provides a systematic approach and
targeted platform where a global audience can engage and become
change agents for the achievement of gender equality in our
lifetime. HeForShe invites people around the world to stand
together as equal partners to craft a shared vision of a gender
equal world and implement specific, locally relevant solutions for
the good of all of humanity. For more information, visit
http://www.HeForShe.org/en.
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Exelon CorporationRhea Lewis
Marshall202-637-0780rhea.marshall@exeloncorp.com
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