United States
ELC Named Pinnacle Inclusion Index Company by Seramount
The Estée Lauder Companies (ELC) has been recognized for superior achievement in creating an inclusive workplace.
Press Release, Nov 4, 2024
ELC was among the 29 organizations recognized for superior achievement as a Pinnacle Inclusion Index Company, having received a score of over 80 percent. This year, 160 organizations applied to participate in the 6th annual Seramount Inclusion Index, which provides organizations with the metrics needed to understand trends and opportunities in demographic representation, creates a road map to drive internal change, and identifies diversity, equity, and inclusion (DEI) solutions to close any gaps. Application results reveal opportunities for all organizations to target their diversity and inclusion efforts for greater effectiveness.
“We are immensely proud to have been recognized at the Pinnacle level in the 2024 Seramount Inclusion Index. This honor underscores our unwavering commitment to cultivating and enhancing an inclusive environment for all our colleagues. It stands as a powerful testament to our continuous efforts in inclusion, diversity, and equity, reaffirming our belief that our diverse global workforce is one of our most valuable strengths,” said Marilu Marshall, Senior Vice President, Executive Management and Global Chief Inclusion, Diversity & Equity Officer, ELC.
Organizations provided data and were measured in 3 key areas: best practices in the recruitment, retention, and advancement of people from underrepresented groups, including women, racial/ethnic groups, people with disabilities, and LGBTQiA+ people; inclusive company culture; and demographic diversity.
“This achievement reflects our determination to create an environment where all employees have the opportunity to thrive at work,” said Nicole Monson, Senior Vice President, Equity and Engagement, ELC. “Because representation in leadership, access to professional development, and inclusion in community play such an important role in how our employees experience the workplace, we are committed to prioritizing these areas in our initiatives and building on the meaningful progress and impact we have made.”
Key findings from the 2024 Seramount Inclusion Index:
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Representation within Leadership: 41% of corporate executives who report directly to the CEO are women (up from 38% last year) and 28% are people of color (up from 25% last year). This includes 11% Black/African American executives (up from 10% last year), 6% Hispanic/Latino executives (up from 5% last year), 10% Asian executives (up from 9% last year), and 2% executives who are 2 or more races (up from 1% last year)
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Promotions: A higher percentage of promoted employees at Index companies were women this year—57% compared to 54% last year. A higher percentage of promotions went to people of color as well—47% compared to 43% last year. This includes 15% Black/African American (up from 12% last year), 16% Hispanic/Latino (up from 14% last year), 11% Asian (down from 12% last year), and 4% from other underrepresented racial/ethnic groups (same as last year)
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Employee Resource Group (ERG) leadership: More Index companies are offering extra pay or incentives to ERG leaders—60% this year compared to 53% last year
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Auditing HR processes: Auditing HR processes to address implicit bias continues to be a best practice, with 93% of index companies auditing HR processes, up from 92% last year. Among these companies, more companies are auditing their onboarding process—78% this year compared to 66% last year
About Seramount
Seramount is a strategic professional services and research firm dedicated to supporting high-performing, inclusive workplaces. Over 4 decades, they have established a strong, data-driven understanding of the employee experience, which lays the groundwork for everything the company does. Seramount partners with over 450 of the world’s most influential companies, large and small, to offer pragmatic solutions including best practice DEI research, workplace assessment, employee learning and development, and talent sourcing. These offerings empower organizations to navigate a dynamic corporate environment and to cultivate a resilient, connected workforce that achieves extraordinary outcomes.
About The Estée Lauder Companies Inc.
The Estée Lauder Companies Inc. is one of the world’s leading manufacturers, marketers, and sellers of quality skin care, makeup, fragrance, and hair care products, and is a steward of luxury and prestige brands globally. The company’s products are sold in approximately 150 countries and territories under brand names including: Estée Lauder, Aramis, Clinique, Lab Series, Origins, M·A·C, La Mer, Bobbi Brown Cosmetics, Aveda, Jo Malone London, Bumble and bumble, Darphin Paris, TOM FORD, Smashbox, AERIN Beauty, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, KILIAN PARIS, Too Faced, Dr.Jart+, the DECIEM family of brands, including The Ordinary and NIOD, and BALMAIN Beauty.
PRESS CONTACTS
Seramount
Stefanie McNamara, [email protected]