Bristol Myers Squibb Announces Progress Toward Long-Term Inclusion & Diversity Goals and Health Equity Commitments
- Commitments demonstrate leadership in advancing health equity and workforce representation to better serve patients and communities
- Expanding aspirational workforce representation goals for those in senior leadership roles
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BMS and the Foundation are on track to achieve many of their respective goals and have exceeded some ahead of schedule. Progress against the four priority areas include:
Health Equity: BMS has made measurable progress against its goal to award
$150 millionto address health disparities. Nearly $100 millionin distributed funding has reached more than 10 million people through programs and services. BMS is announcing $10 millionin grants during 2023 to 17 U.S. organizations focused on addressing social determinants of health, including healthcare access and literacy to help close gaps and increase access to healthcare.
Increasing clinical trial diversity: In less than two years, more than half— 58%— of BMS’ clinical trial sites are now located in racially and ethnically diverse areas.This surpasses BMS’ initial goal of 25%. By embedding more clinical trial sites in diverse communities, BMS is helping enroll clinical trial populations that are more reflective of the broader patient populations and aligned with the epidemiology of the diseases we study.
Diversifying suppliers: BMS achieved its goal of spending
$1 billionglobally with diverse-owned businesses that create jobs and generate positive economic impact in diverse communities ahead of plan. This is against the company’s original goal to reach $1 billionin spending globally with diverse-owned businesses by 2025. Sustaining and building on this achievement will remain a priority. Investing in diverse suppliers enables BMS to close economic and healthcare gaps in diverse communities.
Diversifying company workforce: BMS has also made meaningful progress against the aspirational workforce representation goals announced in 2020, including the following:
More than doubled Black/
African Americanexecutive (Vice President and above, VP+) representation in the U.S.to 6.1% from 3%, just exceeding the goal of reaching 6% by 2022
Increased the representation of global female executives (VP+) from 38.9% to 48.7%, nearly a 10% increase in two years, just below the goal of 50% by 2022
Increased the representation of Hispanic/Latino executives (VP+) in the
U.S.from 3.7% to 6.1%, just below goal of 7.4% by 2022
- More than doubled Black/
BMS is announcing new aspirational workforce representation goals for Executive Directors and above (ED+) to strengthen our internal pipeline of talent and the next generation of leadership at BMS. These goals include:
Increase the representation of African/American Black leaders at the Executive Director level and above in the
U.S.to 10% by end of 2025
Increase the representation of Hispanic/Latino leaders at Executive Director level and above in the
U.S.to 11% by end of 2025
BMS achieved gender parity in the overall workforce population in 2015 and is close to achieving gender parity at the executive levels. Although BMS is not establishing forward-looking representation goals for employees who are female, Asian American and Pacific Islander, or employees that represent additional dimensions of diversity at this time, the company remains fully committed to the development, advancement and engagement of these groups. BMS believes this approach enables the company to engage a broader set of experiences, backgrounds and perspectives to drive equitable outcomes for all.
“Inclusion, diversity and health equity are not just our values; they are a critical driver of business performance with accountability owned by everyone,” said
“Our global inclusion, diversity and health equity goals are accelerating our progress towards integrating inclusive practices into processes, policies and systems to ensure we are addressing the root causes of inequity,” said
As part of the company's health disparity commitments, the additional nearly
The Foundation has also made significant progress against its goal to award
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