Social Governance

Fitch Group Announces New Global Strategy for Diversity, Equity, and Inclusion

Published on: 29 July 2022 08:30 AM
by KnowESG
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Fitch Group, a global leader in financial information services with operations in over 30 countries, announced the launch of its new, updated global diversity, equity, and inclusion (DEI) initiative.

The new approach enhances Fitch's work in the area of diversity, equity, and inclusion by strengthening the accountability of all employees, boosting transparency, reinforcing the companywide commitment to gender equality, and expanding opportunities for underrepresented talent.

Paul Taylor, President and chief executive officer of Fitch Group, said: 

"We are very pleased to launch our updated DEI strategy, which builds on the existing culture at Fitch. Everyone in the company has an important role to play in taking our DEI efforts forward. This strategy will serve as a comprehensive roadmap for fostering a stronger, more inclusive culture where all people at Fitch can reach their full potential.”

The strategy involves input from hundreds of colleagues at Fitch, internal and external data insights, and market comparisons. The multifaceted strategy offers a set of DEI guiding principles for the entire organisation as well as five strategic pillars to drive change. In addition, it offers measurable targets to provide practical objectives for the future year.

Fitch has focused on expanding DEI efforts in recent years, intending to keep, cultivate, and advance diverse talent. Dr. Maria Angelica Perez was named the company's first Head of DEI in September 2021, followed by the appointment of Andrew Johnson, Jr. as a non-executive advisor to DEI.

Source: Businesswire

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