New York July 24, 2018 — OppenheimerFunds, a leading global asset manager, was included on the second annual Diversity Best Practices (DBP) Inclusion Index. Companies were selected based on their scores in three areas: diversity and inclusion (D&I) practices in recruitment, retention, and advancement; organizational culture; and demographic transparency.
“We are pleased to have been included on this year’s Diversity Best Practices Inclusion Index,” said Andy Doyle, Chief Human Resources Officer at OppenheimerFunds. “By consistently refining and improving our diversity and inclusion practices, we create a workplace culture that fosters innovation and collaboration that ultimately benefits our clients.”
Diversity Best Practices, a division of Working Mother Media, offers information and strategies on how to implement, grow, measure and create diversity programs, through research, resources, benchmarking, publications and events. The DBP Inclusion Index was developed to provide tools and resources to help companies target efforts to understand demographic gaps and raise the bar on their D&I activities.
124 organizations participated in the second annual Index and were asked to provide data in three areas:
- Practices around recruitment, retention and advancement of people from under-represented groups—women, racial/ethnic minorities, people with disabilities, and the LGBTQ+ community.
- Practices around creating an inclusive culture through leadership, accountability, communications, and employee engagement.
- Transparency and willingness to share workforce demographic data.
As part of its diversity and inclusion efforts, OppenheimerFunds provides its employees with the opportunity to connect with the diverse experiences of colleagues by joining its Business Resource Groups, which include the Asian Professionals Network, Black Professionals Network, Disabilities Network, Latino Professionals Network, LGBTQ+ Network, Military Network, and Women’s Network.
In addition, the firm has received numerous awards for its benefits and workplace culture, including recognition as one of the Best Places to Work for Disability Inclusion in the 2018 Disability Equality Index (DEI); one of the Best Places to Work for LGBTQ Equality by the Human Rights Campaign; and a Best Place to Work in Money Management by Pensions & Investments. OppenheimerFunds’ parental leave policies were highlighted by Working Mother magazine’s 100 Best Companies list and in Fatherly’s 50 Best Places to Work for New Dads.
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OppenheimerFunds, Inc., a leader in global asset management, is dedicated to providing solutions for its partners and end investors. OppenheimerFunds, including its subsidiaries, manages more than $246 billion in assets for over 13 million shareholder accounts, including sub-accounts, as of June 29, 2018.
Founded in 1959, OppenheimerFunds is an asset manager with a history of providing innovative strategies to its investors. The firm’s 16 investment management teams specialize in equity, fixed income, alternative, multi-asset, and factor and revenue-weighted-ETF strategies, including ESG as a signatory of the UN PRI. OppenheimerFunds and its subsidiaries offer a broad array of products and services to clients, who range from pensions and endowments to financial advisors and individual investors. OppenheimerFunds and certain of its subsidiaries provide advisory services to the Oppenheimer family of funds, and OFI Global Asset Management offers solutions to institutions. The firm is also active through its Philanthropy & Community initiative: 10,000 Kids by 2020, reaching children with introductions to math literacy programs.
About Diversity Best Practices
Diversity Best Practices, a division of Working Mother Media, is the preeminent organization for diversity thought leaders to share best practices and develop innovative solutions for culture change. Through research, benchmarking, publications and events, DBP offers members information and strategies on how to implement, grow, measure and create first-in-class diversity programs.