Recognized for Recruitment, Retention & Advancement as well as Company Culture Efforts for Underrepresented Groups
WASHINGTON, D.C. (August 18, 2020) — Bozzuto has been named by Diversity Best Practices (DBP), a division of Working Mother Media, to the 2020 Inclusion Index. Bozzuto was one of only 98 companies to achieve a rating of 60 percent or higher, amongst several national and international Fortune 500 companies.
The DBP Inclusion Index is designed to assist organizations in understanding gaps in demographic representation and provide insight on how to drive internal change and solutions through proven best practices. Membership on the Inclusion Index gives recognition to Bozzuto’s consistent efforts and commitment to the three Index focus areas: Best Practices in Recruitment, Retention and Advancement; Company Culture; and Demographics/Transparency.
“Diversity, equity and inclusion continues to be a topic of critical importance, especially in these times of heightened racism and social injustice,” says Deborah Munster, vice president, Diversity Best Practices. “The good news is that corporate America is paying closer attention to its D&I practices, and I am proud to recognize the work our Inclusion Index companies are doing to elevate their efforts to drive a more equitable future.”
“As leaders, it is our responsibility to charge ahead and ensure that our actions meet our words. At Bozzuto, we not only emphasize best practices, but focus on the importance of listening and learning about what it means to support diversity and inclusion efforts fully for the benefit of our employees and the communities that we serve,” said Toby Bozzuto, president and CEO of The Bozzuto Group.
In alignment with Bozzuto’s core values—concern, creativity, passion and the pursuit of perfection—diversity, equity and inclusion are kept at the forefront of the business and every decision they make. The company’s efforts for greater diversity, equity and inclusion are intended to help employees better understand the experiences that shape each person as individuals, as well as build trust and allyships that will make the community stronger, connected and effectual.
In 2018, Bozzuto spearheaded significant industry-leading diversity and inclusion efforts and was recognized by the National Association for Female Executives as a Top Company for Executive Women. Additionally, Bozzuto president and CEO Toby Bozzuto became one of the first signatories for the CEO Action for Diversity & Inclusion pledge, the most significant CEO-led business commitment to advance diversity and inclusion within the workplace.
Key findings from the 2020 Diversity Best Practices Inclusion Index are:
- Recruitment, retention and advancement: While 100 percent of the top 10 percent require diverse interview slates, requiring diverse panels of interviewers remains less common at 75 percent of Leading Inclusion Index companies (compared to 45 percent of companies on the index). One hundred percent of the top 10 percent and of Leading Inclusion Index organizations, and 97 percent of those on the index, use employee resource groups to recruit underrepresented talent. Eighty-five percent of the top 10 percent organizations require gender and racial/ethnic diversity in succession planning (compared with 79 percent of Leading Inclusion Index organizations and 59 percent of companies on the index).
- Inclusive corporate culture: Ninety-five percent of the top 10 percent organizations set percentages goals in diversity (compared with 90 percent of Leading Inclusion Index companies and 65 percent of index companies). Sixty-five percent of the top 10 percent organizations compensate managers for DE&I results (compared with 62 percent of Leading Inclusion Index companies and 42 percent of index companies).
The Bozzuto Group is an experience-focused real estate company distinguished by their innovative developments, dedicated customer service, and top-rated workplace culture. With award-winning expertise in homebuilding, multifamily development, construction and management, Bozzuto is devoted to delivering extraordinary experiences for those they serve.
Since their founding in 1988, Bozzuto has developed, acquired and built more than 50,000 homes and apartments. Celebrating 32 years of creating sanctuary for their residents, Bozzuto currently manages 80,000 apartments and 2.5 million square feet of retail space along the East Coast, including Washington, D.C., Baltimore, Philadelphia, New York City, Chicago, Boston and Miami. www.bozzuto.com
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.
Contact: Chintimini M. Keith
Vice President, Corporate Communications and Marketing