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Return on Inclusion

Last week, Newmont co-sponsored a global inclusion and diversity event in Denver, along with our business partner KPMG, which drew 70 participants. The event was called ROI: Return on Inclusion and featured a group of distinguished panelists examining the importance of diversity and inclusion programs, as well as the benefits companies can derive from investing in employee resource groups to create diversity focused communities in the workplace.

The panel included:

  • David Hekman, Assistant Professor of Management at the University of Colorado
  • Darice Henritze, Partner of International Tax at KPMG
  • Lou Trebino, Managing Director of Technology Enablement at the KPMG Ignition Center
Group-photo

Newmont’s Executive Vice President for Human Resources, Bill MacGowan, opened the event and shared his experience with diversity and inclusion efforts in the workplace. He also outlined his vision for Newmont to be a role model for diverse and inclusive workplaces, as we are for our focus on safety, profitability and responsibility.

During the event, members of the audience engaged in dialogue with the panelists, bringing to light effective approaches for building strong diversity and inclusion programs that help achieve business goals.

Newmont believes our workforce should reflect and value the diversity of the countries and communities where we operate. In 2013, we introduced a formal Global Inclusion and Diversity strategy to accelerate efforts to develop a more diverse team and talent pipeline, as well as a more inclusive workplace.

Newmont’s Global Inclusion and Diversity strategy is shaped by past experience and leading practice, and features broad leadership accountability. Initial strategic priorities are to increase female and national representation in management; create a more inclusive workplace where all employees can contribute to their full potential; and establish community partnerships to develop a more diverse talent pipeline.

Here are some other notable actions Newmont has taken with regard to inclusion and diversity:

  • Newmont has three female senior executives reporting to our CEO, Gary Goldberg.
  • Newmont’s ranking in the Human Rights Campaign 2013 Best Places to Work Corporate Equality Index rose from 15 in 2012 to 60 out of a total score of 100. The Company’s equal opportunity policy, equivalency in spousal and partner benefits, and commitment to a global, sustained and accountable inclusion and diversity effort contributed to the higher score.
  • Newmont is in the top 20 percent of Fortune 500 companies for representation of women Board Directors.
  • Of the Company’s 10 Board Directors, three are female and one is a Ghanaian national.
  • Company representatives also joined other industry and community groups to promote diversity and global inclusion, including the Conference Board Council on Global Diversity and Inclusion; the World Bank/IFC WINvest CEO Roundtable; and the Chief Inclusion Officer/Chief Diversity Officer Roundtable.
  • Newmont has established business resource groups (BRGs) which focus on addressing challenges associated with gender and cultural diversity, as well as with military personnel.
  • Fifteen percent of executives, and 11 percent of the entire workforce, are female.

To learn more about Newmont’s efforts on global inclusion and diversity, visit our sustainability report, Beyond the Mine.

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