Pay equity, LGBT+ diversity and inclusion goals at Mattel
Mattel has issued an update on its ESG progress, as it strives to create a work environment that fosters equality, inclusion, and empowerment.
This update comes after a similar one in 2020, where Mattel achieved 100% equity for its employees performing similar work in positions across the U.S.
Mattel is based in California, USA, has a revenue of $4b and is known for family entertainment products such as Barbie, Hot Wheels and Fisher Price.
Mattel’s pay equity for women and ethnic diversity
Mattel’s executive Vice President and Chief People Officer, Amy Thompson, said that the company has now achieved 100% pay equity for all employees performing similar work around the world. Thompson notes that women comprise the majority of Mattel’s workforce, and that majority increased to 58% last year.
In the U.S. ethnically diverse employees comprise:
- 42% of Mattel’s employee base
- 43% of promotions last year — including 33% of all management positions and 46% of all new hires.
- 25% of those new hires were welcomed into the company at the level of vice president and above
It gets better project includes LGBTQIA+
As Mattel continues to evolve its own diversity and inclusion goals, the company is also supporting numerous organizations in their efforts to do good on many fronts, including racial equality, social justice, and celebrating the LGBTQIA+ community.
Mattel has already been named as one of the top places to work for LGBTQ+ equality. Through her various social media channels Barbie has reinforced messages of support, in the belief that everyone can do better when they take pride in who they are.
Mattel supports recovered and reused toys
In a separate ESG drive, Mattel has launched Mattel PlayBack, a toy takeback program allowing families to extend the life of their Mattel toys once they have finished playing with them.
Mattel Playback will recover and reuse materials from old Mattel toys for future Mattel products, in line with the company’s goal to achieve 100% recycled, recyclable or bio-based plastic materials across all products and packaging by 2030.
“Mattel toys are made to last and be passed on from generation to generation,” said Richard Dickson, President and Chief Operating Officer, Mattel. “A key part of our product design process is a relentless focus on innovation, and finding sustainable solutions is one significant way we are innovating. Our Mattel PlayBack program is a great example of this, enabling us to turn materials from toys that have lived their useful life into recycled materials for new products.”
Sherwin-Williams issues 2020 sustainability report
The Sherwin-Williams Company has issued its latest ESG disclosure: 2020 Sustainability Report: Building in the Good.
Founded in 1866, The Sherwin-Williams Company is a global leader in the manufacture, development and sale of paints and coatings. It is headquartered in Ohio, USA, and has a revenue of $18b.
This covers inclusion, diversity and equity, as well as the response to COVID-19 and an appendix containing the Sustainability Accounting Standards Board (SASB) Index and the Company's Investor ESG Summary.
Sherwin-Williams sustainability successes
As detailed in the report, recent company achievements include:
- Reduced carbon emissions by nearly 17% since 2017
- Reduced employee injuries by nearly 50% since 2015
- Collected 2.5m gallons of paint for recycling since 2018
- Sherwin-Williams has developed the first non-BPA epoxy coatings for food and beverage cans
- In addition, the company has developed a powder coating comprised of 25% pre-consumer recycled plastic
- The number of sustainably advantaged products accounts for 30% of the product portfolio
- Forbes® Magazine has recognised Sherwin-Williams as one of America's Best Employers for Diversity, New Graduates, Women and Veterans
- Strengthened communities through employee service on more than 120 nonprofit boards and financial support of more than 800 nonprofit organizations.
"I am extremely proud of our global team's many accomplishments and the progress we continue to make while delivering value to our employees, customers, communities, shareholders and other stakeholders," says John G. Morikis, Sherwin-Williams Chairman, President and Chief Executive Officer. "This report reflects our holistic view of sustainability and an acceleration of our ESG journey, as we introduce new goals and aspirations under a redefined framework."
The company is not stopping here. Building on the experiences of the past few years, Sherwin-Williams has organised additional goals for the future.
Sherwin-Williams sustainability targets for 2030
By 2030, the Company intends to:
- Reduce greenhouse gas emissions by 30%
- Increase renewable energy to 50% of total electricity usage
- Reduce waste disposal intensity by 25%
Through life cycle thinking and a commitment to product stewardship, Sherwin-Williams aims to provide world-class products in a safe and responsible manner.