50 Best Companies for Diversity

NEW YORK — Black Enterprise, in partnership with the Executive Leadership Council, has released its listing of the “50 Best Companies for Diversity” as featured in the publication’s October 2016 issue. The companies singled out for distinction demonstrated a significant commitment to diversity in four key areas: board of directors, employee base, senior management and supplier diversity.

Eight companies in New York made the list, including: American Express, Consolidated Edison, IBM, JP Morgan Chase, Morgan Stanley, PepsiCo, TIAA and Verizon.

In compiling this year’s list, the Black Enterprise research team found hundreds of companies declined to take part in the survey. Some companies did not participate, stating that they did not have adequate time to provide diversity figures. Others admitted that their organizations’ numbers simply did not measure up.

“At a time when African American executive talent is more abundant than ever, corporations should willingly embrace our inclusion to drive their performance,” says Black Enterprise’s President and CEO, Earl “Butch” Graves Jr.  “The companies featured on our roster provide a strong culture of inclusion, starting at the top, with many of the CEOs presiding over internal inclusion councils and tying diversity best practices to job performance and compensation.”

In selecting the 2016 companies, Black Enterprise and ELC sent surveys to the nation’s top 1,000 publicly traded companies with strong U.S. operations. The final list includes those that showed a commitment to diversifying its ranks in four areas: employee base, senior management, supplier diversity, and board of directors. Companies were also chosen based on programs created to nurture and maintain a diverse professional space. Surveys did not simply focus on black inclusion, but ethnic minority groups as defined by the U.S. Census Bureau. Supporting criteria used to finalize the list included efforts directed toward women, the disabled, veterans, and the LGBT community.

The full list of the 2016 Black Enterprise “50 Best Companies for Diversity” is as follows:



Walmart Stores Inc., Bentonville

General Mills Inc., Minneapolis


North Carolina

Edison International, Rosemead

Bank of America Corp., Charlotte

McKesson Corp., San Francisco

Duke Energy Corp., Charlotte

PG&E Corp., San Francisco

New Jersey


ADP Inc., Roseland

Xerox Corp., Norwalk

Merck & Co Inc., Kenilworth

Cigna, Bloomfield

Prudential Financial Inc., Newark

District of Columbia


Fannie Mae

MGM Resorts International, Las Vegas


New York

Carnival Corp. & plc., Miami

American Express Co., New York

Consolidated Edison Inc., New York


IBM Corp., Armonk

Aflac Inc., Columbus

JPMorgan Chase & Co, New York

The Coca-Cola Co., Atlanta

Morgan Stanley, New York

Southern Co., Atlanta

PepsiCo Inc., Purchase

TIAA, New York


Verizon Communications Inc., New York

Allstate Corp., Northbrook

Exelon Corp., Chicago


Illinois Tool Works Inc., Glenview

Macy’s Inc., Cincinnati

Jones Lang LaSalle Inc., Chicago

Nationwide Insurance Co., Columbus

McDonald’s Corp., Oak Brook

State Farm Insurance Co., Bloomington


Aramark, Philadelphia


Comcast NBCUniversal, Philadelphia

Eli Lilly and Co., Indianapolis

PNC Financial Services Group Inc., Pittsburgh



Entergy Corp., New Orleans

FedEx Corp., Memphis



Marriott International Inc., Bethesda

AT&T Inc., Dallas

Toyota Motor North America, Inc., Plano


Comerica Inc., Dallas

Ameren Corp., St. Louis



Ford Motor Co., Dearborn

Johnson Controls Inc., Milwaukee

General Motors Co., Detroit

Northwestern Mutual Life Insurance Co. Inc., Milwaukee

Kellogg Co., Battle Creek