Ingersoll Rand Enters Paradigm for Parity Coalition to Bring Gender Parity to Corporate Leadership by 2030
March 07 2017 - 8:00AM
Business Wire
Pledge reinforces Ingersoll Rand’s commitment
to increase women in leadership roles by 2020 as part of the
company’s global sustainability goals launched in 2014
Ingersoll Rand (NYSE:IR), a world leader in creating
comfortable, sustainable and efficient environments, joined the
Paradigm for Parity℠ coalition and pledged to bring gender parity
to its corporate leadership structure by 2030. The first in its
industry to pledge, Ingersoll Rand has united with nearly 40 other
companies in the coalition to address the corporate leadership
gender gap.
The company currently offers resources designed to engage and
support women, including women’s leadership and mentorship
programs. In 2014, Ingersoll Rand established its 2020
Sustainability Goals, including clear targets to attract and retain
an increase in the number of women in leadership and professional
roles. The company’s Sustainability Goals in this area also align
with the United Nations Sustainable Development Goals for gender
equality.
“Ingersoll Rand is a long-time advocate of creating and
fostering gender equality throughout our organization and we are
proactively implementing programs to accelerate the pace of
increasing representation of women in our leadership roles,” said
Michael W. Lamach, chairman and chief executive officer of
Ingersoll Rand. “The Paradigm for Parity coalition furthers our
commitment to gender equality and signals to the business community
that gender-balanced leadership teams bolster employee engagement
and are smart for business.”
As a Paradigm for Parity partner, Ingersoll Rand will implement
a comprehensive action plan that complements diversity and
inclusion and women’s leadership programs already underway. Action
steps include:
- Minimizing or eliminating unconscious
biases in the workplace;
- Significantly increasing the number of
women in senior operating roles;
- Measuring and communicating progress
and results regularly;
- Basing career progress on business
results and performance and creating culture change for flexible
work arrangements; and
- Providing sponsors, as well as mentors,
to potential women leaders.
“Paradigm for Parity is thrilled that Ingersoll Rand has joined
the growing number of companies committed to achieving gender
parity by 2030,” said Ellen Kullman, co-chair of the Paradigm for
Parity coalition. “Even as we get ready to celebrate International
Women’s Day, women today represent 46 percent of entry level
professionals but only 29 percent of vice presidents and 19 percent
of c-suite executives. Using our comprehensive action plan, we are
confident our committed companies will reach gender parity in
corporate leadership by 2030 and we are excited to help them
achieve this goal.”
The Paradigm for Parity, launched in December 2016, is made up
of CEOs, senior executives, founders, board members and business
academics committed to achieving a new norm in the corporate world:
one in which women and men have equal power, status, and
opportunity. The coalition’s ultimate goal is to achieve full
gender parity by 2030, with a near-term goal of women holding at
least 30 percent of senior roles.
To learn more about Ingersoll Rand’s 2020 Sustainability Goals
please visit
http://ingersollrand.com/sustainabilitysupplement/sustainability/2020_strategic_development_goals.html
and to learn more about Paradigm for Parity please visit
https://www.paradigm4parity.com/.
About Ingersoll Rand
Ingersoll Rand (NYSE:IR) advances the quality of life by
creating comfortable, sustainable and efficient environments. Our
people and our family of brands — including Club Car®, Ingersoll
Rand®, Thermo King® and Trane® — work together to enhance the
quality and comfort of air in homes and buildings; transport and
protect food and perishables; and increase industrial productivity
and efficiency. We are a $13 billion global business committed to a
world of sustainable progress and enduring results. For more
information, visit www.ingersollrand.com.
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Ingersoll RandMisty Zelent, 704-655-5324mzelent@irco.com
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