TOP
50 DIVERSITY
2010
NO.
27
HSBC–
North
America
INDUSTRY Financial Services MAIN COMPE TI TORS Bank of America, Citigroup, JPMorgan Chase U.S. HEADQUARTERS New York NUMBER OF U.S. EMPLOYEES
30,000 OF OPERATIONS OU TSIDE U. S.
80
NO.
28
Monsanto
Co.
INDUSTRY
Agriculture
MAIN COMPETI TORS
BASF, Bayer
CropScience,
Syngenta
U.S. HEADQUARTERS
St. Louis
NUMBER OF U.S.
EMPLOYEES
10, 200
OF OPERATIONS
OU TSIDE U.S.
45
PROFILES
1-10
PROFILES
11-20
In its eighth year on
the list, HSBC – North
America remains a
leader in workforce
and management diversity. These
efforts have been augmented
by strong, mandatory diversity
training and excellent employee-
resource groups.
WHY IT’S
IN THE
DIVERSITYINC
TOP 50
Monsanto moves up
eight spots this year
as its commitment
to diversity manage-
ment intensifies. The agricultural
company has built an increasingly
inclusive workplace and has strong
values that permeate all of its
global operations.
WHY IT’S
IN THE
DIVERSITYINC
TOP 50
JON N. COUTURE
Senior Executive Vice
President, Human
Resources
HUGH GRANT
Chairman, President
& CEO
PROFILES
21-30
PROFILES
31-40
ROBERT CRUMPTON
Global Director of
Diversity
PROFILES
41-50
25 NOTEWORTHY
COMPANIES
DIVERSITYINC
LISTS
HSBC – North America
continues to have a very diverse workforce:
57 percent women and 40 percent Blacks,
Latinos and Asians.
HSBC – North America also has solid work/life benefits, including telecommuting, paternity leave, benefits for
same-sex domestic partners of employees, paid time for
volunteering/community outreach/professional-association
activities and a Work-Life Solutions program that helps
employees with life events such as parenting, retirement
and backup childcare.
The company has eight employee-resource groups: Asian
Pacific Islander Committee; African Heritage Committee;
GLOBE (Gay Lesbian and Other Business Employees);
Women’s Forum; HSBC Indian Network for Diversity
(HIND); People with DisAbilities; Native American Diversity
Committee; and Hispanic Latin Diversity Committee. A
senior executive is a member of each employee-resource
group, and the bank uses its ERGs for recruitment and marketing purposes.
HSBC - North America has mandatory diversity training
for its entire workforce. The company offers three courses,
including how to leverage and develop diverse talents, a
primer on everyday diversity and a class on how to maintain
a positive workplace environment. Training is held every
month for half a day and there is formal follow-up to training, including employee surveys, focus groups, scheduled
management-employee interviews and exit interviews.
DIVERSITY
STRENGTHS
Chairman, President
and CEO Hugh Grant
has been a strong and
vocal advocate for
diversity. He signs off on executive
compensation tied to diversity, meets
regularly with employee-resource
groups, appoints members of the
diversity council and makes sure the
corporate-vision statement incorpo-
rates diversity.
The company also offers a full
array of benefits for all employees, including floating religious holidays, paid time off for
volunteering/community outreach/professional association
membership, and subsidized membership in wellness or fitness facilities.
Monsanto has mandatory diversity training for its entire
U.S. workforce, held for a full day every month. The company
has eight strong employee-resource groups, which it calls
employee networks, with 20 percent of its employees participating in them. These include groups for LGBT employees,
veterans, people with disabilities and work/life issues.
The company has a long history of philanthropy, especially in the area of its St. Louis headquarters. These include
donations to St. Louis University, UNCF, the Hispanic
Scholarship Fund, the Urban League and the St. Louis Public
Schools Foundation.
The company gets a perfect score for the way it
communicates diversity on its corporate web site, including
having images and content on people with disabilities and
LGBT people.
DIVERSITY
STRENGTHS
To read the extended company profiles, visit
www.DiversityInc.com/top50
Hugh Grant Photo: Matthew Gilson
58 DiversityInc
