New York Life named to Diversity Best Practices “Inclusion Index”.

Company recognized as a leader for transparency and best practices

NEW YORK, November 7, 2017—New York Life announced today that it has been named to  the new “Inclusion Index” produced by Diversity Best Practices (DBP), a division of Working Mother Media.  The Index provides data and insight into how the participating companies fared in three areas: demographic transparency; best diversity and inclusion practices in recruitment, retention and advancement; and company culture.  The company is among seven leading companies that earned a score of 85% or more points available to them.  There are a total of 33 companies who have been recognized.

The Inclusion Index asked companies to provide data in three areas: 

  • • Demographic transparency, as indicated by sharing specific data on the representation of women and people of color in their workforce;
  • • Adherence to best practices for fostering diversity and inclusion in recruitment, retention and advancement; and
  • • Best practices in promoting a company culture that values diversity and inclusion.

“Being named to the top of the DBP Inclusion Index recognizes our dedication to fostering diversity and inclusion,” said Kathleen Navarro, Vice President and Chief Diversity Officer, New York Life. “This achievement acknowledges our longstanding commitment to creating an environment where everyone can be themselves and feels comfortable bringing their diverse backgrounds, experiences and perspectives to the workplace everyday.”

Deborah Munster, Executive Director, Diversity Best Practices, said, “The DBP Inclusion Index recognized firms that were transparent in sharing their workforce demographics, and that have best-in-class diversity and inclusion policies, procedures and programs in place to ensure a positive, inclusive environment for all employees.  We applaud the Inclusion Index companies for sharing their data and for utilizing D&I best practices to achieve an inclusive company culture.”

Subha Barry, Senior Vice President & Managing Director, Working Mother Media, said, “The DBP Inclusion Index was created to evaluate workplace diversity and inclusion best practices and covers all dimensions of diversity.  The war for talent is only going to escalate.  Organizations that differentiate themselves and continually look for ways in which to diversify their workforce and create inclusive environments will be in a far better position to compete in the global marketplace.”

The Inclusion Index Data snapshot featuring highlights from the report can be found here.

Fifty-one organizations completed the application, and the 33 of those listed as members of the 2017 DBP Inclusion Index achieved at least 70% of the available points.  Seven companies were recognized as Leading Inclusion Index companies for achieving 85% or more of available points.  Completed applications were collected online from April 3 to June 10, 2017.

About New York Life
New York Life Insurance Company, a Fortune 100 company founded in 1845, is the largest mutual life insurance company in the United States* and one of the largest life insurers in the world.  New York Life has the highest possible financial strength ratings currently awarded to any life insurer from all four of the major credit rating agencies: A.M. Best (A++), Fitch (AAA), Moody’s Investors Service (Aaa), Standard & Poor’s (AA+).**  Headquartered in New York City, New York Life’s family of companies offers life insurance, retirement income, investments and long-term care insurance.  New York Life Investments*** provides institutional asset management.  Other New York Life affiliates provide an array of securities products and services, as well as retail mutual funds.  Please visit New York Life’s website at www.newyorklife.com for more information. 

About Diversity Best Practices
Diversity Best Practices, a division of Working Mother Media, is the preeminent organization for mid- to large-size organization diversity thought leaders to share best practices and develop innovative solutions for culture change. Through research, resources, benchmarking, publications and events, Diversity Best Practices offers organizational members information and strategies on how to implements, grown, measure and create first-in-class diversity programs.

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  • Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” Fortune magazine, 6/12/17.  For methodology, please see http://fortune.com/fortune500/ 
  • Individual independent rating agency commentary as of 8/01/17.
  • New York Life Investments is a service mark used by New York Life Investment Management Holdings LLC and its subsidiary, New York Life Investment Management LLC.