Exelon Commits to White House Equal Pay Pledge to Promote Gender Equity in the Workplace
December 07 2016 - 11:15AM
Business Wire
Focus on fair pay for women and all
employees is part of company’s commitment to diversity and
inclusion
Exelon announced a first-time partnership with the White House
as a signatory to the Equal Pay Pledge, an initiative to encourage
major companies to take action and commit their support to closing
the national gender pay gap. Exelon will join other leading
companies that have signed the pledge in acknowledging the critical
role businesses must play in reducing the pay gap and in promoting
best practices that will ensure fundamental fairness for all
workers.
As part of Exelon’s commitment, the company will conduct an
annual organization-wide gender pay analysis of all occupations.
The company will also review hiring and promotion processes to
neutralize unconscious bias and embed equal pay efforts into
broader enterprise-wide equity initiatives.
“Signing the White House Equal Pay Pledge affirms our commitment
to upholding fair treatment for all of our employees and aligns
with our values,” said Chris Crane, president and CEO of Exelon.
“Diversity and inclusion is critical to Exelon’s success, and we
believe our workforce programs must include transparency and
fairness. Advancing pay equity is not simply a good business
practice; it’s the right thing to do.”
“Inequality in the workforce doesn’t just adversely affect
women; it affects our families and our broader economy,” said White
House Senior Advisor Valerie Jarrett. “As President Obama says,
‘When women succeed, America succeeds.’ That’s why today’s
announcement is a great step in the right direction and the Obama
Administration applauds companies making this commitment to advance
equal pay. However, the work doesn’t stop there. We must continue
to ask what more we can all do to ensure that the 21st century
workplace reflects the priorities and values of the 21st century
worker.”
Exelon’s signing of the Equal Pay Pledge was also recognized by
the National Partnership for Women & Families. “We commend
Exelon’s dedication to promoting pay equity in the workplace by
signing the White House Equal Pay Pledge, and we urge others to
follow in the company’s footsteps to strengthen workplace
protections for women and advance fair and family friendly
policies,” said organization President Debra Ness. “This commitment
is an important step in combatting the persistent gender-based pay
gap that harms so many women and families in our country.”
Exelon is committed to implementing programs to attract and
retain the very best talent to continue to drive growth across our
diverse businesses. The company’s initiatives to support the
success of women at the company include a variety of internal and
external programs and training opportunities focused on women’s
development, advancement and retention. These include sponsorship
of the employee resource group Network of Exelon Women (NEW), a
Women’s Leadership Development Summit and programs such as Leading
Women Executives and the Odyssey Network Business Retreat, an
annual conference for multicultural women.
Exelon Corporation (NYSE: EXC) is a Fortune 100 energy company
with the largest number of utility customers in the U.S. Exelon
does business in 48 states, the District of Columbia and Canada and
had 2015 revenue of $34.5 billion. Exelon’s six utilities deliver
electricity and natural gas to approximately 10 million customers
in Delaware, the District of Columbia, Illinois, Maryland, New
Jersey and Pennsylvania through its Atlantic City Electric, BGE,
ComEd, Delmarva Power, PECO and Pepco subsidiaries. Exelon is one
of the largest competitive U.S. power generators, with more than
32,700 megawatts of nuclear, gas, wind, solar and hydroelectric
generating capacity comprising one of the nation’s cleanest and
lowest-cost power generation fleets. The company’s Constellation
business unit provides energy products and services to
approximately 2.5 million residential, public sector and business
customers, including more than two-thirds of the Fortune 100.
Follow Exelon on Twitter @Exelon.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161207005834/en/
Exelon CorporationRhea Lewis
Marshall202-637-0780rhea.marshall@exeloncorp.com
Exelon (NYSE:EXC)
Historical Stock Chart
From Feb 2024 to Mar 2024
Exelon (NYSE:EXC)
Historical Stock Chart
From Mar 2023 to Mar 2024