Granite CEO Kyle Larkin and more than 70 other Champion CEOs pledge to advance women across ethnic and racial groups into leadership roles. For the first time since the initiative was launched in 2017, a subset of Champion companies provided metrics on promotions, revealing that in 2020, these companies promoted women at nearly equal rates to men. In fact, the group promoted women at slightly higher proportions than men into senior leadership positions.
“Granite is dedicated to ensuring that women have opportunities to lead, and we believe that the more we can do to include women in leadership, the stronger our company will be,” said Larkin. “The goals of Catalyst CEO Champions for Change align with our internal goal to increase women in leadership at Granite and in our industry.”
“We applaud Granite and Kyle, along with the other Catalyst Champion CEOs and their organizations for their continued commitment to DEI initiatives through the challenges of the pandemic,” said Catalyst President & CEO Lorraine Hariton. “It’s critical that we continue to develop the leadership pipeline for women, particularly women of color, if we’re going to see significant gains to build equitable and inclusive workplaces for women.”
The Champion companies also outpaced their peers in the Fortune 500 in women’s representation at the board of directors’ level at 32.2% compared to 26.5%. Women identifying with underrepresented ethnic or racial groups accounted for 7.5% of board members at Champion companies, compared to 5.7% at Fortune 500 companies overall.
This is an inflection point in the history of the women’s movement. Companies can address the disadvantages women endured because of Covid-19 by developing robust initiatives focusing on their re-entry, recruitment, advancement, and retention. The report highlights actions companies can take, including:
- Pinpointing their organization’s greatest areas of opportunity to advance women, particularly women identifying with underrepresented ethnic or racial groups.
- Creating customized solutions to foster equitable advancement, such as flexible work options and sponsorship programs.
- Tracking and measuring progress against defined goals.
Since Catalyst started collecting global data in 2018, Granite and the CEO Champion companies have collectively outpaced our global peers in the representation of women across the leadership pipeline. The Catalyst CEO Champions for Change companies represent more than 11 million employees and over
Granite is America’s Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in
Catalyst is a global nonprofit supported by many of the world’s most powerful CEOs and leading companies to help build workplaces that work for women. Founded in 1962, Catalyst drives change with preeminent thought leadership, actionable solutions and a galvanized community of multinational corporations to accelerate and advance women into leadership—because progress for women is progress for everyone.
Erin Kuhlman 831-768-4111
Wenjun Xu - 831-761-7861