Cleveland Fed named to Diversity Best Practices “Inclusion Index,” recognized for transparency and best practices

The Federal Reserve Bank of Cleveland earned a place on the first ever “Inclusion Index” released by Diversity Best Practices (DBP) today.

The index evaluated organizations on the basis of demographic transparency, diversity and inclusion practices during employee recruitment, retention and advancement and promoting a company culture that values diversity and inclusion. Transparency is indicated by an organization’s willingness to share information on the representation of women and people of color in the workplace.

On the award, Diana Starks, Vice President, Office of Diversity and Inclusion at the Cleveland Fed said, “This new recognition is important for our Bank, mostly because it acknowledges our transparency in the diversity and inclusion data we provide externally”. She went on to say, “We are also able to gain insights from participating in the survey process that will help advance our organization’s diversity and inclusion initiative and enhance our results in the other survey focus areas”.

Fifty–one companies submitted applications and the Cleveland Fed was among thirty–three organizations to obtain at least 70% of the available survey points, earning it a place on the 2017 DBP Inclusion Index. More information about the inaugural index can be found on their website here.

About Diversity Best Practices

Diversity Best Practices, a division of Working Mother Media, is the preeminent organization for mid–to large–size organization diversity thought leaders to share best practices and develop innovative solutions for culture change. Through research, resources, benchmarking, publications and events, Diversity Best Practices offers organizational members information and strategies on how to implement, grow, measure and create first–in–class diversity programs.

Federal Reserve Bank of Cleveland

The Federal Reserve Bank of Cleveland is one of 12 regional Reserve Banks that along with the Board of Governors in Washington DC comprise the Federal Reserve System. Part of the US central bank, the Cleveland Fed participates in the formulation of our nation’s monetary policy, supervises banking organizations, provides payment and other services to financial institutions and to the US Treasury, and performs many activities that support Federal Reserve operations System-wide. In addition, the Bank supports the well-being of communities across the Fourth Federal Reserve District through a wide array of research, outreach, and educational activities.

The Cleveland Fed, with branches in Cincinnati and Pittsburgh, serves an area that comprises Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia.

Media contact

Doug Campbell, doug.campbell@clev.frb.org, 513.218.1892