Newsweek Names Victoria’s Secret & Co. One of America’s Greatest Workplaces for Diversity 2023
February 17 2023 - 10:00AM
Victoria’s Secret & Co. (NYSE: VSCO) today announced that it
was named one of America’s Greatest Workplaces for Diversity in
2023 by Newsweek. The list honors companies that foster an
inclusive workplace, valuing and respecting diverse talent within
their organization.
VS&Co places its associates at the heart of its ongoing
mission to become the world’s leading advocate for all women, and
is dedicated to fostering a happy, healthy and inclusive culture
for all associates with equal opportunity for career progression
and success.
From championing women in leadership, with an 88 percent
women-led board, to empowering its 87 percent women and 60 percent
people of color workforce, the company works to ensure associates
at every level have a seat at the table. This is evidenced by
feedback from 86 percent of associates who say they are proud to
work for the company; VS&Co reported 99 percent of their
workforce was paid equitability across all genders, races,
ethnicities and the intersection of these identities and for the
remaining one percent, the company made adjustments to processes
and compensation to address inconsistencies in 2022; improved photo
shoot procedures that ensure positive, professional and respectful
work environments on set; as well as the company’s investment in
woman-owned businesses and funding for causes that aim to make the
world a better place for women, among other initiatives.
“VS&Co is committed to embedding diversity, equity and
inclusion into every part of our business and fostering an
inclusive workforce for our more than 30,000 associates. This
recognition builds on our continued work to create a culture our
associates are proud to be a part of,” said Lydia Smith, Chief
Diversity Officer for Victoria’s Secret & Co.
Newsweek partnered with Plant-A Insights Group, a market
research firm, to determine the list based on a three-part
evaluation. That process included a survey of human resource
professionals, as well as an anonymous online survey of a diverse
pool of employees at companies with 1,000 or more employees.
Participants were asked questions about corporate culture, work
environment and other diversity-related topics for their own
company and others they were familiar with. The study was based on
over 350,000 company reviews.
“With the word ‘diversity’ attracting so much attention from
companies, however, it can be tough for job applicants, customers
and potential business partners to tell who is serious about
supporting a diverse workforce,” said Nancy Cooper, Newsweek’s
global editor-in-chief.
The recognition underscores VS&Co’s focus on diversity,
equity and inclusion and how it is brought to life through
meaningful actions by the company each and every day. For more
information about how VS&Co champions diversity, equity and
inclusion visit their corporate website.
About Victoria’s Secret & Co. Victoria’s
Secret & Co. (NYSE: VSCO) is a Fortune 500 specialty retailer
of modern, fashion-inspired collections including signature bras,
panties, lingerie, casual sleepwear, athleisure and swim, as well
as award-winning prestige fragrances and body care. VS&Co is
comprised of market leading brands, Victoria’s Secret and
Victoria’s Secret PINK, that share a common purpose of inspiring
and uplifting our customers in every stage of their lives, and
Adore Me, a technology-led, digital-first innovative intimates
brand serving women of all sizes and budgets at all phases of life.
We are committed to empowering our more than 30,000 associates
across a global footprint of approximately 1,350 retail stores in
approximately 70 countries. We provide our customers with products
and experiences that make them feel good inside and out while
driving positive change through the power of our products, platform
and advocacy.
For further information, please contact:
VS&Co Media Relations
Brooke Wilson
communications@victoria.com
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