Aflac is the only insurance company and one of three Georgia corporations named to the list
Columbus, Ga. – June 17, 2005 – Black Enterprise magazine has named Aflac to its 30 Best Companies for Diversity list, citing Aflac's strength in the area of minority representation within senior management, employee base, and on the board of directors.
“The world we live and work in is so diverse and is constantly evolving. Aflac reflects that diversity throughout our company on every level. We're grateful to have our commitment to diversity recognized,” said Daniel P. Amos, Aflac's chairman and chief executive officer.
Black Enterprise magazine lauded Aflac as a company that has an impressive showing for general workforce diversity. The magazine spent almost one year putting together the 30 Best Companies for Diversity list. The publication evaluated organizations on their diversity programs, consulted with diversity experts and corporate diversity officers and conducted an extensive survey of 1,000 of America's largest publicly traded companies and 50 leading global companies with significant U.S. operations.
"A racially and ethnically diverse workforce impacts both the top and bottom lines of corporations as they target black, Latino and Asian consumers to grow revenues, profits and market share," says Black Enterprise Careers/Lifestyle Editor Sonia Alleyne. "In order to keep American industry globally competitive, it is essential that corporate America make full use of all the human resources and intellectual capital -- regardless of race and ethnicity -- at its disposal."
Companies on the list outperformed other corporations in their peer group in four key areas based on the percentage of:
- Total procurement dollars spent with companies owned by African Americans and members of other ethnic minority groups.
- African Americans and members of other ethnic minority groups represented on their corporate boards.
- Senior management positions held by African Americans and members of other ethnic minority groups.
- African Americans and members of other ethnic minority groups represented in the total workforce.
“Diversity is important to our company's leadership and plays a vital role in who we are and what we do as a company,” said Brenda Mullins, second vice president and diversity officer for Human Resources.
In January 2005, Aflac announced a gift of $1 million toward the construction of a national memorial commemorating the life and work of Martin Luther King Jr. In 2002, Aflac became the first corporate citizen to pledge $1 million toward the creation of the National Museum of African-American History and Culture in Washington, D.C.
Other publications have recognized Aflac's commitment to diversity. The May 2005 issue of ESSENCE® magazine ranked the company as one of the top three Best Places for African American Women to work in America.
Aflac supports a number of diversity initiatives and sponsorships, including a Diversity Development Grant Program that recruits minority sales associates. Aflac also sponsors the National Black Chamber of Commerce/Aflac Entrepreneur of the Year Award and the Aflac Hispanic Achievement Award.
Other Georgia companies on the list are BellSouth and Coca-Cola. The list appears in the July issue of Black Enterprise.
For 50 years, Aflac products have given policyholders the opportunity to direct cash where it is needed most when a life-interrupting medical event causes financial challenges. Aflac is the number one provider of guaranteed-renewable insurance in the United States and the number one insurance company in terms of individual insurance policies in force in Japan. Aflac's insurance products provide protection to more than 40 million people worldwide. In January 2005, Aflac was included in Fortune magazine's list of the 100 Best Companies to Work For in America for the seventh consecutive year. Aflac has also been included in
both Forbes magazine's Platinum 400 List of America's Best Big Companies and in Fortune magazine's
listing of America's Most Admired Companies for five consecutive years. Aflac Incorporated is a Fortune 500 company listed on the New York Stock Exchange under the symbol AFL. To find out more about Aflac, visit aflac.com.
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Patsy J. Thomas
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