Gap Inc.’s Commitment to Equality Recognized with 2016 Catalyst Award
17 March 2016 - 3:00AM
Business Wire
Prestigious award highlights Gap Inc.’s
leadership on equal pay for equal work, strong representation of
women at all levels, and commitment to advancing the lives of one
million women through P.A.C.E., Gap Inc.’s education and life
skills program
Gap Inc. (NYSE: GPS) announced that Chief Executive Officer Art
Peck will today accept the prestigious 2016 Catalyst Award on the
company’s behalf at the 2016 Catalyst Awards event held in New York
City. In selecting Gap Inc. for this year’s Award, Catalyst, a
leading nonprofit organization accelerating progress for women,
recognizes Gap Inc.’s culture of equality and dedicated efforts
related to the advancement of women, including employees,
customers, and within the broader community.
Today, women make up more than 70 percent of Gap Inc.’s
worldwide employee base, including a similar percent of its store
managers and the CEO’s senior leadership team. Additionally, women
currently lead four out of five Gap Inc. brands. In 2014, Gap Inc.
became the first Fortune 500 company to announce that it pays
female and male employees equally for equal work around the
world.
The Catalyst Award also recognizes Gap Inc.’s signature
education and life skills program for women, called P.A.C.E., which
stands for Personal Advancement & Career Enhancement. P.A.C.E.
is currently active in 12 countries. More than 35,000 women have
participated in the program since 2007, and Gap Inc. has made a
commitment to scale and expand the program to reach one million
women by the end of 2020.
“Gap Inc. is committed to a culture of equality, where everyone
has the opportunity to stand as equals and thrive,” said Art Peck,
chief executive officer of Gap Inc. “This tradition was established
by our co-founders Doris and Don Fisher, who opened the first Gap
store in 1969 as equal partners. We are honored and grateful to
receive the 2016 Catalyst Award, and we remain committed to the
values of equality and inclusion, which unlock new possibilities
for our company and the people touched by our business around the
world.”
The annual award from Catalyst recognizes organizations whose
innovative approaches result in proven, measurable results that
advance the recruitment, development, and advancement of women in
the workplace. For the first time since the inception of the
Catalyst award, Gap Inc. is the sole company to be honored by the
organization in a given year and has become the first company from
the fashion industry to be recognized by Catalyst. During the
event, the Right Honorable Justin Trudeau, Prime Minister of
Canada, will also receive a special commendation from Catalyst for
his leadership in advancing diversity and gender equality.
Catalyst Award-winning initiatives are evaluated in a rigorous,
yearlong process against criteria such as strategy and rationale,
senior leadership activities, accountability and transparency,
communication, employee engagement, innovation, and measureable
results. Since 1987, Catalyst has recognized 85 initiatives at 79
organizations from around the world.
“We celebrate the groundbreaking efforts of Prime Minister
Trudeau and Art Peck and his leadership team at Gap Inc.,” says
Deborah Gillis, President & CEO, Catalyst. “They have worked
tirelessly to take intentional and deliberate steps that help to
ensure that women have equal opportunities to advance to
leadership. They come from different sectors, but share a
commitment to gender parity, demonstrated by senior teams where
women and men are equally represented. We need global leaders and
companies like them more than ever. They’ve set an example for the
world, prioritizing inclusion and celebrating differences—and
inspiring others to fight for gender equality and equal pay.”
ABOUT GAP INC.
Gap Inc. is a leading global retailer offering clothing,
accessories, and personal care products for men, women, and
children under the Gap, Banana Republic, Old Navy, Athleta, and
Intermix brands. Fiscal year 2015 net sales were $15.8 billion. Gap
Inc. products are available for purchase in more than 90 countries
worldwide through about 3,300 company-operated stores, over 400
franchise stores, and e- commerce sites. For more information,
please visit www.gapinc.com.
ABOUT CATALYST
Founded in 1962, Catalyst is the leading nonprofit organization
accelerating progress for women through workplace inclusion. With
operations in the United States, Canada, Europe, India, Australia,
and Japan, and more than 800 supporting organizations, Catalyst is
the trusted resource for research, information, and advice about
women at work.
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version on businesswire.com: http://www.businesswire.com/news/home/20160316006018/en/
Gap Inc.Laura Wilkinson, 415-427-5335Press@gap.com
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