July 23, 2024
Takeaways from Signify's Diversity, Equity, Inclusion Report
Company sheds light on pay equity, gender diversity and other initiatives across global regions
In an era where diversity, equity, and inclusion (DEI) have become popular initiatives among corporations large and small, Signify has emerged as one of the more progressive companies in the lighting industry.
The company's just-published "Diversity, Equity, and Inclusion Annual Report 2023" report showcases Signify’s approach to fostering an inclusive workplace, with significant strides in gender diversity, pay equity, and other programs designed to nurture a diverse workforce. From measuring targets for women in leadership to product designs catering to diverse user needs, Signify's initiatives focus both on its internal culture and on setting various standards in the lighting industry at large.
Below are some key takeaways from Signify's 2023 report, highlighting the company's achievements, ongoing commitments, and the potential ripple effects across the North American lighting sector.
Progress in Gender Diversity
Signify has shown notable advancements in promoting gender diversity within its leadership ranks. Since committing in 2020 to double the number of women in leadership positions from 17% to 34% by 2025, the company has made significant strides, reaching 29% in 2023. This commitment is highlighted by signing the United Nations Women Empowerment Principles in 2021, demonstrating a focused effort on gender equity.
Generational Diversity Initiatives
To foster generational diversity, Signify expanded its campus hiring and internship programs in 2023, resulting in the recruitment of over 400 new employees, 57% of whom were women. This effort is part of a broader strategy to attract Gen Z talent, which now constitutes 10% of the workforce. These initiatives are designed to inject fresh perspectives and innovative thinking into the company’s culture.
Pay Equity Achievements
Signify reports that it has prioritized pay equity since 2017, conducting annual analyses to ensure equitable pay practices. By 2021, the company achieved gender pay equity globally, and in 2023, a comprehensive analysis of over 24,000 employees revealed that 99.94% were paid equitably for similar roles. This ongoing effort is bolstered by partnerships with third-party firms like Syndio, which helps measure and sustain pay equity throughout the employee lifecycle.
Global Mentoring for Women Leaders
Signify has implemented a global mentoring program aimed at increasing the representation of women in leadership. This program pairs women commercial leaders with mentors who provide guidance and support, helping participants advance their careers. In 2023, the program included 798 mentor-mentee pairs, illustrating the company's commitment to fostering female leadership.
Above: Christy Tilton and Damian Gardley | Photo credit: Signify
DEI Efforts in the US:
Damian Gardley represents Signify in groups like Black United in Lighting & Design (BUILD) and US Department of Energy’s DE&IR in Lighting Working Group, emphasizing industry collaboration for DE&I. Signify employees also participate in the Illuminating Engineering Society’s Lighting Advocacy Congress to promote positive change.
Christy Tilton, Head of US Sales at Genlyte Solutions, has significantly boosted membership in the Women in Industry group within the National Association of Electrical Distributors (NAED). Her involvement and mentorship with Arizona State University reflect Signify’s commitment to advancing women's careers in the electrical and lighting industry.
Living Wage Commitment
Since 2017, Signify has committed to paying all employees a living wage, defined as sufficient to cover basic needs such as food, housing, and healthcare. By 2023, 98.84% of the employee population across 35 regions exceeded living wage standards.
Inclusive Healthcare Access
Signify is set to launch a Global Employee Assistance Program by 2025, focusing on financial, social, physical, and emotional well-being. This program will offer confidential support services to all employees, regardless of location, ensuring equitable access to care. Additionally, the company provides unlimited teleconsultations and discounted healthcare services, further supporting diverse employee needs.
Product Development with a DEI Twist
Signify’s inclusive design approach has garnered industry accolades, including winning the U.S. Department of Energy’s L-Prize in 2023. The company's entry emphasized inclusive design for neurodiverse individuals, those with visual impairments, and photosensitivity. This focus on diverse user needs highlights Signify’s innovative approach to product development, positioning it as a leader in creating accessible lighting solutions.
Supplier Diversity
In 2023, over 33% of Signify’s suppliers had set DEI targets or signed a DEI pledge, an increase from 29% in 2022. The Supplier Sustainability Declaration, derived from the Responsible Business Alliance Code of Conduct, ensures that suppliers adhere to social and environmental standards, including fair wages for workers. This commitment to supplier diversity enhances Signify’s overall DEI impact.
Signify’s 2023 DEI report highlights the company’s progress in gender and generational diversity, pay equity, and inclusive healthcare access. These initiatives aim to enhance the company’s internal culture but also position it as a leader in the global lighting industry. As Signify continues to prioritize DEI, its efforts may possibly inspire broader industry changes and contribute to a more inclusive and equitable industry for all.
