FLORHAM PARK, NJ--(Marketwired - Apr 23, 2014) - DiversityInc announced that BASF Corporation took the 26th spot on the 14th annual Top 50 Companies for Diversity rankings before a gathering of more than 750 attendees last evening at Cipriani Wall Street. More than a thousand public and privately held companies competed for spots on the coveted list.
"Earning a spot on the Diversity Top 50 proves that management is paying close attention to the needs of their primary constituents -- employees, customers and other key stakeholders," said DiversityInc founder and CEO, Luke Visconti. "Companies with great reputations attract the best and most skilled employees who then create and deliver the best products and services. It's a virtuous cycle that enables public companies on the DiversityInc Top 50 list to consistently outperform the major domestic stock market indices and privately held companies to surpass their peers."
"At BASF, we create chemistry for a sustainable future," said Hans Engel, Chairman and CEO, BASF Corporation. "One key part of doing this is using the power of diversity to drive innovation and growth. Through efforts to attract, develop and retain the best and most diverse team, we gain access to a broad range of new ideas and different perspectives which drives our profitable growth."
In its second year on the list, BASF moves up five spots to #26. In recognizing BASF, DiversityInc. cited the company's diversity-management initiatives led by a strong executive Diversity + Inclusion Council, rigorous metrics to assess success, and continuing work to deepen accountability measures. In addition, DiversityInc. also recognized BASF as a Top 10 Company for Diversity Councils at #10 and a Top Company for people with disabilities at #9.
"We will only meet our ambitious business goals by becoming more diverse and inclusive," said Patricia Rossman, Chief Diversity Officer, BASF Corporation. "Our efforts supporting inclusive leadership, expanded talent sources, employee resource groups, and metrics deliver competitive advantages for our customers and personal advantages for our people."
The Top 50 rankings are determined by an objective methodology that calculates factors such as Talent Pipeline, Equitable Talent Development (including commitments to mentorship and philanthropy), CEO/Leadership Commitment, and Supplier Diversity. The empirical data for the rankings is provided by a 300-question survey, with survey participation open to any company with at least 1,000 U.S. workers.
To learn more about joining the BASF team, visit jobs.basf.us
For the entire Top 50 list, go to http://www.diversityinc.com/top50
DiversityInc's mission is to bring education and clarity to the business benefits of diversity. The DiversityInc Top 50 Companies for Diversity list began in 2001, at the same time many corporations were beginning to understand the business value of diversity-management initiatives. The 2014 Top 50 Companies for Diversity results are featured on DiversityInc.com and in DiversityInc magazine. For more information, log on to www.diversityinc.com, https://www.facebook.com/DiversityInc, https://twitter.com/DiversityInc, or http://www.linkedin.com/company/26561.
BASF - The Chemical Company
BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has nearly 17,000 employees in North America, and had sales of $19.3 billion in 2013. For more information about BASF's North American operations, visit www.basf.us.
BASF is the world's leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. We combine economic success with environmental protection and social responsibility. Through science and innovation, we enable our customers in nearly every industry to meet the current and future needs of society. Our products and solutions contribute to conserving resources, ensuring nutrition and improving quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF had sales of about EUR 74 billion in 2013 and over 112,000 employees as of the end of the year. Further information on BASF is available on the Internet at www.basf.com.