The company recognized for its investment in
increasing the diversity of its leadership and creating economic
opportunity for employees, vendors and communities.
WASHINGTON, Sept. 27,
2023 /PRNewswire/ -- The Executive Leadership Council
(ELC), the preeminent global membership organization for Black
current and former CEOs, senior executives, board members, top-tier
entrepreneurs, and global thought leaders, announced Synchrony
(NYSE: SYF) as the recipient of its 2023 Corporate Award for
outstanding commitment to achieving Diversity, Equity and Inclusion
(DEI). Synchrony will be honored during the 2023 ELC Annual
Recognition Gala taking place on Oct.
5, 2023 at 6:00 pm at the
Gaylord National Resort and Convention Center, National
Harbor, Maryland.
The ELC Corporate Award recognizes and celebrates companies that
have exemplified the highest standards of partnership,
collaboration, and commitment to diversity, equity, and inclusion
in addition to advancing the careers and spheres of influence that
Black leaders have within their organizations. Criteria evaluated
for the award include diversity markers in board composition,
C-suite, senior vice president pipeline, suppliers, and community
impact and giving.
"As corporate diversity, equity and inclusion efforts have
become a political target this year, Synchrony has continued to
make DEI and citizenship a priority," said ELC CEO Michael Hyter. "The Synchrony leadership team is
creating far reaching and lasting change for its organization, its
employees, its partners, its customers and its communities. We are
honored to recognize the Synchrony team with this year's 2023 ELC
Corporate Award."
Chosen for its proven track record of leadership, Synchrony has
increased the number of Black executives at the senior vice
president and C-suite levels. Synchrony has also increased supplier
diversity and in 2021, the company established their philanthropic
platform, Education as an Equalizer. The initiative aims to
expand access to higher education, skills training in high-growth
fields and financial literacy, while increasing education equity
for underserved students and marginalized individuals. Synchrony
has pledged $50 million to this
effort.
"We're honored and humbled to be recognized by The ELC for the
hard work and outstanding contributions of our teams across
Synchrony. They make it possible to deliver a more equitable
workplace and a stronger talent pipeline for tomorrow," said
Synchrony President & CEO Brian
Doubles. "We're proud to stand alongside The ELC in its
work, partnering to drive real, sustainable progress."
Synchrony has built its DEI strategy from the top. The results
have promoted advancement and retention of its employees while
providing an equitable experience and doing business with inclusion
as a goal that supports the community.
Understanding the crucial role of capital to business success,
Synchrony committed $100 million to
Ariel Alternatives' Project Black, an initiative created by
Mellody Hobson, co-founder of Ariel
Alternatives, a private equity firm and home to Ariel's Project
Black Fund. The $1.45 billion fund is
focused on creating minority-owned businesses of scale, and seeking
to provide Fortune 500 companies with diverse vendors. Hobson,
another ELC honoree, will accept the ELC 2023 Achievement Award at
this year's event.
The ELC Annual Recognition Gala is the organization's most
important fundraising event, supporting its scholarships,
educational outreach and philanthropic initiatives and recognizing
its mission, purpose and impact in action. This year's gala
highlights business achievement, honors corporate and individual
trailblazers, and will deliver $2.8
million in scholarships to ELC Scholarship Program awardees.
Google and The Coca-Cola Company are the Lead Sponsors of the 2023
Gala.
ABOUT THE ELC
The Executive Leadership Council opens
channels of opportunity for the development of Black executives to
positively impact business and our communities. An independent
non-profit 501(c)(3) founded in 1986, The ELC is the pre-eminent
membership organization committed to increasing the number of
global Black executives in C-suites, on corporate boards and in
global enterprises. Comprising more than 800 current and former
Black CEOs, senior executives and board directors at Fortune 1000
and Global 500 companies and entrepreneurs at top-tier firms, its
members work to build an inclusive business leadership pipeline
that empowers global Black leaders to make impactful contributions
to the marketplace and the global communities they serve. For more
information, please visit www.elcinfo.com.
Engage during the event on social media: #ELCGALA and
#UnstoppableTogether on Instagram, Facebook, and Twitter.
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SOURCE The Executive Leadership Council