San Francisco, CA (PRWEB) May 09, 2011
DiversityInc., has named Union Bank, N.A.
, to its list of Top 10 Regional Companies for 2011. The list recognizes companies that score above average in CEO Commitment, Human Capital, Corporate and Organizational Communications and Supplier Diversity. According to DiversityInc., companies on this list must demonstrate strong consistency across the board in their diversity-management initiatives and are scored based on the classifications in their specific industries.
“Companies on DiversityInc.’s lists are revered as the benchmark for Diversity & Inclusion in the nation and we are honored to have been included on this distinguished list,” said Paul Fearer, senior executive vice president and director of Human Resources at Union Bank.
While “diversity” used to simply signify race and ethnicity, the definition today is much broader. Diversity encompasses not only race and ethnicity, but also varying generations, disabilities, gender, religion, sexual orientation and socioeconomic status, among other unique differences. For the past 10 years, DiversityInc. has been dedicated to assessing the actions of companies across the nation in a range of industries to acknowledge those who place an emphasis on the importance of diversity throughout their business.
The DiversityInc. list of Top 10 Regional Companies survey is completed by companies that have at least 1,000 employees. The survey consists of more than 300 empirical questions (no subjective or qualitative information), which have predetermined weightings. Ratios between key factors, such as demographics of managers compared with managers who received promotions and demographics of the workforce compared with people promoted into their first management positions, play a significant factor in determining point scores.
Union Bank offers a variety of products and services tailored to diverse groups and multicultural audiences such as the Business Diversity Lending (BDL). Union Bank also ensures that the vendors who provide Union Bank products and services include companies majority-owned by ethnically diverse individuals, women or service-disabled veterans through its Supplier Diversity group.
Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $80.6 billion at March 31, 2011. Its primary subsidiary, Union Bank, N.A., is a full service commercial bank providing an array of financial services to individuals, small businesses, middle-market companies, and major corporations. The bank operated 401 banking offices in California, Washington, Oregon and Texas, as well as two international offices, on December 31, 2010. UnionBanCal Corporation is a wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ Financial Group, Inc. Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG, NYSE:MTU), one of the world’s largest financial organizations. Visit http://www.unionbank.com
for more information.