TAKING A STAND
Synchrony has long stood for diversity and inclusion. We have accelerated and enhanced our efforts to address the challenges that the underrepresented, marginalized or discriminated-against face every day, including the Black and Brown communities. Following the racial unrest in the United States last year, we formed a senior-level committee focused on implementing actions to further equality and advancement across our business and for our communities:
WORKFORCE DEVELOPMENT AND INCLUSION
Increasing diverse employee talent at all levels of the workforce and strengthening a culture of inclusion and well-being for all.
- Tied leaders’ performance metrics to diversity improvements and held managers accountable for creating diverse candidate slates for senior roles.
- Launched Advancing Diverse Talent, a data analytics initiative that informs our strategies to increase hiring, development, and advancement of underrepresented minorities.
- Developed support sessions and resources with mental health and wellness experts to help employees and their families talk about race.
- Added more diverse mental health counselors to our employee assistance program.
FINANCIAL GROWTH AND WELLNESS
Advancing financial opportunities, growth and wellness among diverse communities and businesses.
- Committed $5 million to national community organizations that help small businesses, including $2 million to the Local Initiatives Support Corporation for emergency grants to minority- and women-owned businesses.
- Provided small businesses with free educational resources and best practices through Synchrony Connect for Small Business.
- Joined the National Minority Supplier Diversity Council with a pledge of $50,000 and a commitment to identify and use diverse suppliers.
- Focused on supporting businesses with diverse founders through Synchrony Ventures.
RACIAL EQUALITY AND SOCIAL REFORM
Increasing our focus on deeply rooted gender and racial inequality and disparities within the communities we serve.
- Donated $1 million to non-profits fighting for social justice including Thurgood Marshall College Fund, National Urban League and Equal Justice Initiative.
- Committed $4 million over the next four years to support organizations that address issues that disproportionately impact the Black community.
- Joined the nonpartisan Time to Vote initiative; supported flexible, paid time off for voting; and launched a nonpartisan, online platform to make it easier for employees to register to vote.
- Supported the Business Roundtable’s series of recommendations to advance both corporate action and public policy in advancing racial equality and justice.