3M Joins SSGA Gender Diversity Index
3M has announced that the St. Paul, Minnesota-based company will be included in the State Street Global Advisors’ (SSGA) Gender Diversity Index ETF. The SSGA is a select group of large-scale U.S. companies that are closing gender gaps and advancing women through gender diversity. 3M operates in the promotional products market through its 3M Promotional Markets Dept. (PPAI 113638, S11).
“We are proud to be included in the SSGA Gender Diversity Index as another recognition of 3M’s continued commitment to diversity, equity and inclusion,” says 3M Chairman and CEO Mike Roman. “We continue to drive business growth while building on our environmental, society and governance commitments and creating a more sustainable business. From our facilities around the world, to our board of directors, to our vendor partners, 3M champions gender equality and an inclusive culture.”
3M has achieved pay equity in the United States for women and racial and ethnic groups. It has also achieved pay equity within 90 percent of its global employee population. The company announced diversity, equity and inclusion goals last year, which included maintaining or achieving pay equity globally, increasing global diversity in management to 65 percent, and doubling the representation of Black/African American and Hispanic/Latino employees in the United States.
In the last year, 3M has achieved a 100 percent score from the Human Rights Campaign Foundation’s Corporate Equality Index and the Disability Equality Index. The company is also ranked as a top employer for women engineers, for indigenous STEM professionals and Latina professionals.
The SSGA Gender Diversity index tracks the performance of listed U.S. large capitalization companies with the highest levels of gender diversity on their boards of directors and in senior leadership positions within their respective sectors. The index offers investors the opportunity to invest capital in companies committed to addressing issues of gender inequality at the senior and executive management levels.