25 March 2021, Wilmington: Corteva, Inc. (NYSE: CTVA) today announced new goals and initiatives to further embrace diversity and inclusion across its global operations and advance equity in agriculture. Among a number of actions, Corteva Agriscience set five-year workforce diversity targets that, by 2026, would increase the company’s global female representation by 10% and U.S. racial/ethnic minority representation by 20%.
“We believe in the power of an inclusive workforce, supply chain and culture of belonging to enable us to deliver innovative products and solutions and best serve our global customers,” said James C. Collins, Chief Executive Officer, Corteva Agriscience. “The goals and initiatives we are announcing today are ambitious yet realistic and we approach them with a sense of urgency. Our leadership team and Board intend to hold ourselves accountable for measurable progress that will help us advance inclusion, diversity, equity not only within our company but also across our industry.”
Meghan Cassidy, the company’s SVP, Chief Human Resources and Diversity Officer, said, “Corteva Agriscience has made inroads in creating a diverse and inclusive culture since becoming an independent company in 2019. As we look ahead, we know there is a great deal more we must do. Our intent is to accelerate our progress, learn as we go and then set our sights higher.”
Advancing Inclusion, Diversity & Equity (ID&E) Internally and Externally
Corteva is committed to achieving diverse representation throughout the company’s workforce and suppliers, establishing clear goals and regularly tracking progress. A few of these goals include:
By 2026, increasing global female employee representation1 by 10% (to 36%), with a strong focus on the pipeline to senior leadership.
By 2026, increasing racial/ethnic diversity2 of our U.S. employee population1 by 20% (to 19%), with a strong focus on the pipeline to senior leadership.
By 2030, 25% of global addressable Corteva spend will be with diverse suppliers and small businesses.
In addition, Corteva is building a culture of belonging for its colleagues, offering ID&E learning and development opportunities to all levels of the organization, evaluating and improving equity across its people processes, and facilitating continuous dialogue between employees and leadership.
The Company is also collaborating with customers, farmers, suppliers and other industry stakeholders to address equity challenges in agriculture. This includes focused community outreach and leveraging its previously communicated sustainability goals.