The recognition marks the fifth consecutive
year DiversityInc has recognized Hershey's enterprise commitments
to diversity, equity and inclusion.
HERSHEY,
Pa., May 3, 2023 /PRNewswire/ -- The Hershey
Company (NYSE: HSY) today announced it ranks number three on
DiversityInc's Top 50 Companies for Diversity annual list. The
recognition is a testament to Hershey's longstanding commitment to
advance diversity, equity and inclusion (DEI) efforts, which
ensures the company can carve out a path where everyone – within
its workforce and the communities it serves – can succeed. The
candy and snack maker's latest initiatives include 'Future CEO,'
'Say Hola' and enhanced supplier diversity programs.
"At Hershey, we know that diversity, equity and inclusion are
key to long-term success – not just for our workforce but for the
communities where we live and work," said Alicia Petross, Chief Diversity Officer, The
Hershey Company. "Recognition on DiversityInc's flagship list –
amongst best-in-class champions of DEI – reaffirms and fuels our
commitment to advance these initiatives."
Hershey's efforts are guided by The Pathways Project, the
company's five-year plan to make Hershey more diverse and inclusive
by bringing in a wider range of talent and perspectives,
recognizing and developing talent, and showing up for consumers and
communities in new ways. The company's employee-affinity
program, Business Resource Groups (BRGs), are key to implementing
Hershey's DEI strategy throughout the organization.
"I am proud to be a part of a company which turns to employees
to influence DEI strategy and ensure we're showing up in the right
ways," said Regina Hughes, Latino
BRG Co-Lead and Director of Finance, M&A, THX, The Hershey
Company. "Within Hershey, the Latino BRG serves as an inclusive
community where Latinos are empowered to be their best selves,
advance their careers, and celebrate heritage and culture. Through
this platform, we are able to connect Hershey to diverse
communities and drive change across the business – from launching
our bilingual manufacturing initiative, 'Say Hola', to informing
how we recruit, engage and mentor our peers."
Hershey credits this recognition to prioritizing – and investing
in – its workforce and community initiatives, proactively fostering
an equitable environment where employees can feel a sense of
belonging. Notable results from Hershey's DEI initiatives
include:
- Representation and Leadership: Hershey recognizes the strength
and opportunity behind amplifying diverse voices from
early-in-career individuals and senior leadership. Currently, its
Board of Directors has 58% diverse representation, an executive
committee with 44% diverse representation and a global workforce
with nearly 50% gender representation.
- Recruitment and Supplier Diversity: Hershey believes it's
crucial to foster a workforce and supply chain which reflect its
consumer base. By 2030, Hershey will quadruple its investments with
diverse suppliers, helping to promote economic equality and
opportunity for diverse-owned businesses.
- Gender and Pay Equity: In 2019, Hershey achieved 1:1 gender pay
equity, and in 2021, 1:1 aggregate people of color (POC) pay equity
for salaried employees on an aggregated basis in the U.S. By 2025,
Hershey strives to achieve aggregate dollar-for-dollar pay equity
for salaried employees
worldwide.
- Accessible and Equitable Work Environment: Hershey promotes an
equitable and accessible workplace by actively investing in
employee development programs and adapting its facilities to
accommodate different needs where every individual can contribute
and thrive. In 2022, the company launched its first U.S. bilingual
manufacturing facility in Hazleton,
Pa. 'Say Hola' is a proof point to the company's
people-first manufacturing vision.
- Fostering the Next Generation: Hershey is committed to
fostering a more just and equitable future by supporting equitable
access to education and supporting youth development programs.
Honoring the legacy of its founder, Milton
Hershey, the company has carried on the tradition of
investing in and supporting Milton Hershey School, which provides a
free K-12 education to children from marginalized communities. Most
recently, the company hosted Future CEO – a virtual mentorship
summit hosted by Hershey leadership - to support the next
generation of women leaders. Furthermore, the company continues to
lend the platforms of its iconic brands to amplify diverse voices,
engage consumers and enable equitable opportunities for all,
including KIT KAT's Black Music History activation which will
return this June.
In addition to be being honored on DiversityInc's flagship list,
The Hershey Company was also recognized on DiversityInc's 'Top
Companies' specialty lists, including:
- Top Companies for Women Executives
- Top Companies for Asian American Executives
- Top Companies for Black Executives
- Top Companies for Employee Resource Groups
- Top Companies for Environmental, Social and Governance
(ESG)
- Top Companies for Executive Diversity Councils
- Top Companies for High Potentials
- Top Companies for Latin Executives
- Top Companies for Mentoring
- Top Companies for Native American Pacific Islander
Executives
- Top Companies for People With Disabilities
- Top Companies for Philanthropy
- Top Companies for Sponsorship
- Top Companies for Talent Acquisition for Women of
Color
- Top Companies for Veterans
The DiversityInc Top 50 Companies for Diversity is empirically
driven and based on 2022 company-submitted data in these six key
areas: Leadership Accountability, Human Capital Diversity Metrics,
Talent Programs, Workforce Practices, Supplier Diversity and
Philanthropy. View the entire Top 50 list and specialty
lists.
About The Hershey Company
The Hershey Company is
headquartered in Hershey, Pa., and is an industry-leading
snacks company known for bringing goodness to the world through its
iconic brands, remarkable people and enduring commitment to help
children succeed. Hershey has nearly 20,000 employees around the
world who work every day to deliver delicious, quality products.
The company has more than 100 brand names in approximately 80
countries around the world that drive $10.4 billion in
annual revenues, including such iconic brand names as Hershey's,
Reese's, Kit Kat®, Jolly Rancher and Ice Breakers, and fast-growing
salty snacks including SkinnyPop, Pirate's Booty and Dot's
Homestyle Pretzels.
For more than 125 years, Hershey has been committed to operating
fairly, ethically and sustainably. Hershey
founder, Milton Hershey, created the Milton Hershey School in
1909 and since then the company has focused on helping children
succeed.
To learn more visit www.thehersheycompany.com.
About DiversityInc: The mission of DiversityInc is to
bring education and clarity to the business benefits of diversity.
The DiversityInc Top 50 Companies for Diversity list began in 2001,
when many corporations were beginning to understand the business
value of diversity-management initiatives. DiversityInc is a VA
certified veteran-owned business and a USBLN certified business
owned by a person with a disability. For more information, follow
us on Facebook, Twitter, Instagram, and LinkedIn
@DiversityInc.
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SOURCE The Hershey Company