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To further deepen our historical commitment to global diversity and inclusion in 2020, Bristol Myers Squibb and the Bristol Myers Squibb Foundation each separately committed $150 million to diversity and inclusion and health equity. This includes our pledge to advance leadership representation by the end of 2022 by achieving gender parity at the executive level globally and doubling Black/African American and Latino/Hispanic executive representation in the U.S. To meet these commitments, we remain focused on the following strategic initiatives to drive representation outcomes:
Bristol Myers Squibb issued its first Global Diversity & Inclusion Report in 2021. The report, complete with our GD&I strategy and 2020 workforce data, reflects our dedication to building a diverse workforce and inclusive culture. With unique perspectives, experiences and personal backgrounds that reflect the diversity of our growing patient population, the report also highlights the strong link between our GD&I strategy, its business objectives and how GD&I is a critical driver of business performance and innovation.
By leveraging analytics and external market data, we continue to set five-year aspirational goals for each business unit to increase representation of women and underrepresented ethnic groups (UEGs), where appropriate. We will achieve these goals by holding ourselves accountable through key performance indicators (KPIs) linked to critical talent levers, including ensuring and tracking diversity among our candidate slates, interview panels and succession plans.
We’re enhancing our longstanding investments in our signature development programs—specifically for women globally and UEGs. These initiatives now include developing skills highly applicable to future global challenges, which are informed by the perspectives of these underserved groups. We found that participants in our signature development programs are twice as likely to be promoted as those women/UEGs not participating in the Accelerated Leadership Development program.
To fulfill the promise made with our commitments, we’ve refreshed and deepened our focus on unconscious bias workshops for our global leadership team, managers and our employees.
Note: all data in this section are of year-end 2020 unless otherwise indicated.
