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Our Pledge to Equality and Fairness for Our Black Colleagues

Inclusion and Diversity have been pillars of our global enduring values for a long time. While this pledge has a U.S. focus, it is rooted in our global values and many of the actions will be mirrored in other parts of the world. The commitment should be crystal clear: we will have a zero tolerance policy for racial marginalization within the company, one that will regularly be communicated across the entire organization.

We do recognize racial inequality is a much broader societal issue with a long history. While our actions focus on our ”four walls” and our local communities, we hope that these actions will have a ripple effect on society at large.

We are also well aware of the many efforts – current and past, both within our company and on a community level. At the same time, we know that we are not where we want to be and frankly where we should be as a company and as a community.

With this pledge, we commit to drive sustainable positive impact for all our current and future Black colleagues and our local community – which will ultimately help all minorities within our company. The pledge is intended to be a 5-year journey with key milestones along the way to assure we are making progress and if not, make the needed adjustments to do so.

For this type of pledge to be effective in bringing about meaningful change, the accountability begins with me in my role as Chairman and CEO of this company. All people leaders and individual leaders will be held accountable to help achieve the objectives we have set out.

Over the next several weeks we will establish the governance process on how we will operationalize these actions while instituting the levels of transparency needed in making our organization stronger in creating the shared opportunities all of our employees deserve.

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