Xcel Energy has long recognized the importance of having a diverse workforce that reflects the communities we serve. Earlier this year, Chairman, President and CEO Ben Fowke signed the CEO Action for Diversity and Inclusion, a pledge that declares our commitment to improve diversity and inclusion at Xcel Energy.
Our company has done great work developing a talent pipeline that is attracting diverse talent and providing a supportive atmosphere. In addition to offering employees opportunities to develop their skills and talents, we make it a priority to recognize employee achievements and foster a culture where people are respected. Xcel Energy was recently recognized by Forbes magazine as a Best Employer in the World and Best Employer in the U.S.
We have also been named a top corporation for lesbian, gay, bisexual, transgender and questioning (LGBTQ) equality by earning a perfect score on the Human Rights Campaign’s 2018 Corporate Equality Index (CEI). Xcel Energy received the honor by acquiring the full 100 points on the CEI, our second consecutive year with a perfect score, which also earns us the distinction of “Best Places to Work for LGBTQ Equality.” The company has been rated on the CEI for 15 years.
A diverse and inclusive workplace has significant impacts on the retention and productivity of employees. According to the Human Rights Campaign Foundation in their study – The Cost of the Closet and the Rewards of Inclusion – a striking 51% of LGBTQ workers still hide their identity from co-workers, and employee engagement and productivity suffer in an unwelcoming environment. On the flip side, LGBTQ employee retention is strengthened in an accepting and inclusive environment. Xcel Energy has demonstrated its commitment and core values by maintaining our perfect score.
This year, nearly 947 companies were officially rated in the CEI, and a record 609 earned 100-point scores. The first index in 2002 had 13 top-rated companies. Xcel Energy joined 17 other utility and energy companies in achieving a perfect score, including National Grid, PG&E and Southern Companies. This is up from only ten being recognized last year. The campaign evaluates LGBTQ-related policies and practices corporations nationwide. The rating process takes into account factors such as a company’s equivalency of spousal and partner benefits, equal employment opportunity policy, and LGBTQ-specific public engagement efforts and responsible citizenship. Since 1995, Xcel Energy has offered benefits to employees’ domestic partners and children, allowing LGBTQ families access to equal benefits. Read our Corporate Responsibility Report to learn more about our commitment to our workforce, sustainability and communities.
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