EQUITY, DIVERSITY AND INCLUSION:
TAKING A STAND THROUGH MEANINGFUL ACTION
Synchrony has long stood for equity, diversity and inclusion. We have recommitted to further action and advancement to address challenges facing those who are underrepresented, marginalized or discriminated against. Our senior-level committee and leaders company-wide are focused on driving measurable results across all areas of our business and our communities:
Increasing diverse employee talent at all levels of the workforce and strengthening a culture of inclusion and well-being for all
Launched the Latinx Executive Alliance, dedicated to advancing Latinx talent in corporate America; launched an internal sponsorship program for high-potential Latinx talent.
Joined the OneTen coalition and committed to hire or advance Black individuals with high school diplomas and other certifications into middle-skill jobs.
Launched a global expansion of Advancing Diverse Talent, Synchrony’s data analytics initiative to increase the hiring, development and advancement of underrepresented minorities.
Hosted the sixth annual Global Diversity Symposium, a three-day employee event that deepened our commitment to drive lasting change.
GROWTH AND INVESTMENT:
Advancing financial opportunities, growth and wellness among diverse communities and businesses
In 2021, Synchrony Ventures committed up to $100 million toward opportunities in diverse-owned businesses spearheaded by Ariel Alternatives, LLC. Our ventures team also committed $15 million in venture capital funds led by diverse partners with a track record of investing in underrepresented startups.
Committed $5 million to community organizations that help small businesses, including $2 million to the Local Initiatives Support Corporation, for emergency grants to minority- and women-owned businesses.
Joined the National Minority Supplier Diversity Council with an expanded $50,000 pledge. Since 2018, our annual diverse supplier spend has increased 20%.
Increasing our commitment to addressing deeply rooted gender and racial inequality and disparities within the communities we serve.
Launched Education as an Equalizer, a $50 million, five-year initiative to advance education equity for underrepresented communities and our own workforce. This includes $20 million in Synchrony Foundation grants to academic institutions, nonprofits and skills-credentialing organizations.
Continued our actions to support the Business Roundtable’s series of recommendations on corporate and public policies for advancing racial equity and justice.
Expanded partnership with the Executive Leadership Council to enhance the role of Black executives while preparing the next generation of corporate leaders.
MORE THAN 10,000 SYNCHRONY EMPLOYEES ARE ACTIVE IN OUR SYNCHRONY DIVERSITY NETWORKS
Synchrony’s diversity networks help cultivate a culture of inclusion where employees can bring their best selves to work every day.