Diversity is an important part of Verizon’s approach to its customers and employees. A diverse employee body that reflects a company’s customer base is important in being able to relate and communicate. It also brings a wealth of creative approaches in how we work and interact with each other and our customers.
So, it’s no surprise when Verizon is recognized by external organizations for our efforts. Recently Black Enterprise magazine has named Verizon to the publication's list of 40 Best Companies for Diversity for the sixth time.
The elite companies were selected based on their commitment to diversity in four key areas - employee base, senior management representation, supplier diversity and board of directors. Verizon was singled out as one of only four companies to demonstrate significant strength in all four areas. The 40 Best Companies for Diversity list is featured in the July issue of Black Enterprise, now available on newsstands, and on the publication's website.
"Delivering on our promise to put our customers first requires a company culture rich in diversity and defined by inclusion, where people can explore new ideas and bring the latest technologies to market,” said Magda Yrizarry, Verizon's chief talent and diversity officer. ."
African-Americans make up about 20 percent of Verizon's workforce and nearly 22 percent of new hires, and hold many leadership positions. Verizon has one of the most diverse corporate boards in America. Women and people of color make up 46 percent of Verizon's Board of Directors, and African-Americans constitute nearly one quarter of the board.
Last year, the company's philanthropic arm, the Verizon Foundation, awarded more than $37 million in grants supporting programs and nonprofits that benefited African-American and other ethnic communities.
Verizon's goal in regard to diversity and inclusion is to leverage the diversity of employees, customers, suppliers and community partners to better serve customers and create new and innovative market opportunities. Last year, the company spent $3.8 billion with diverse suppliers.
