We believe everyone should be respected in the workplace and in their communities. We expect all employees and those with whom we do business to be treated with dignity and respect. We believe that in an inclusive environment that seeks unique points of view, innovation thrives. And we believe embracing diverse cultures and different ways of thinking is simply the right thing to do.
Research has shown that companies with above-average diversity levels produce 45% of their total revenue from innovation. In comparison, companies with below-average diversity levels only generate 26% of their total revenue from newly launched innovations.
In other words, diverse teams drive first-to-market technologies that enable companies to stay ahead of competitors. When teams are made up of employees from diverse backgrounds, and feel valued and encouraged to share ideas, innovation happens.
Though we are moving in the right direction, we must continue to improve our efforts to create a more inclusive workplace. That requires transparency, holding ourselves accountable by setting and tracking goals, and implementing new DEI initiatives that involve all of our employees.