EEO Project

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SIRAN analysts are concerned that management of most U.S. companies fails to reflect the diversity of America and its labor force.  We believe that the negative ramifications of persistent inequalities in the workplace pose risks to society and long term business success.  Given this concern, SIRAN analysts support corporate disclosure of comprehensive Equal Employment Opportunity (EEO) information as a means to help foster progress on hiring, promoting and retaining minority and female employees.

Currently the government requires companies with more than 100 employees to report workforce diversity data – the EEO-1 report. While data collected on this form are an important reference for analysts to observe a company’s progress on dismantling glass ceiling barriers, the report is not currently in the public domain.  Fortunately, many companies are voluntarily making these data public. Please click here for a copy of our Analyst Statement on EEO Disclosure that shares our perspectives on the importance of such reporting.

In June 2005, SIRAN analysts launched a project to benchmark voluntary EEO disclosure by companies in the U.S. S&P100 index.  The results of this SIRAN initiative were published in a report titled A Call to Action, released in December 2005.

Two years later, SIRAN analysts returned to survey the S&P100 index once more and found a relative drop in overall EEO-1 disclosure. The chart below lists the EEO-1 reporting practice for the fifty-three companies that chose to respond to the follow-up survey. For further details, read A Renewed Call to Action, released in September 2008.

Orange circles indicate positive responses while grey circles indicate negative responses.

1. Company provides full public EEO-1 disclosure?

 yes : no :

2. Company provides full EEO-1 disclosure to analysts on request?

 yes : no :

3. Company provides partial public EEO-1 disclosure?

 yes : no :

AEP AMERICAN ELECTRIC POWER no yes no
AES AES CORP. (THE) no no no
AIG AMERICAN INTERNATIONAL GROUP no no no
ALL ALLSTATE CORP no no yes
AMGN AMGEN INC no no yes
AVP AVON PRODUCTS no no yes
AXP AMERICAN EXPRESS yes no no
BAX BAXTER INTERNATIONAL INC no no yes
BHI BAKER HUGHES INC no yes no
BMY BRISTOL-MYERS SQUIBB CO no no yes
BNI BURLINGTON NORTHERN SANTA FE no no no
C CITIGROUP INC yes no no
CI CIGNA CORP no yes no
CL COLGATE-PALMOLIVE CO no no no
CMCSA COMCAST CORP no no no
COF CAPITAL ONE FINANCIAL no no no
CPB CAMPBELL SOUP CO no no no
CVX CHEVRON no no yes
DELL DELL INC no no no
DIS WALT DISNEY CO no no no
DOW DOW CHEMICAL no no no
EXC EXELON CORP no no no
FDX FEDEX CORP no no no
HD HOME DEPOT INC no no no
HNZ HEINZ (H J) CO no no yes
HPQ HEWLETT-PACKARD CO yes no no
IBM INTL BUSINESS MACHINES CORP yes no no
INTC INTEL CORP yes no no
JNJ JOHNSON & JOHNSON no no no
JPM JPMORGAN CHASE & CO no no yes
KO COCA-COLA CO yes no no
LEH LEHMAN BROTHERS HOLDINGS INC no no no
MCD MCDONALD’S CORP no yes no
MMM 3M CO no yes no
MRK MERCK & CO yes no no
MSFT MICROSOFT CORP no no yes
NXTL SPRINT-NEXTEL no no no
PEP PEPSICO INC no yes no
PFE PFIZER INC no yes no
PG PROCTER & GAMBLE CO no yes no
RF REGIONS FINANCIAL CORPORATION no no no
SLE SARA LEE CORP no no no
TGT TARGET no no yes
TXN TEXAS INSTRUMENTS INC no no no
TYC TYCO INTERNATIONAL LTD no no no
UPS UNITED PARCEL SERVICE no no no
UTX UNITED TECHNOLOGIES CORP no no no
VZ VERIZON COMMUNICATIONS INC no no yes
WB WACHOVIA no yes no
WFC WELLS FARGO & CO no no no
WMT WAL-MART STORES yes no no
WY WEYERHAEUSER CO no yes no
XOM EXXON MOBIL CORP no yes no