Estee Lauder : The Estée Lauder Companies Named a 2021 Top Companies for Executive Women by Seramount

November 16, 2021 (New York, NY)- Today The Estée Lauder Companies (ELC) was named to Seramount's 2021 Top Companies for Executive Women list. Seramount continues to explore ways organizations can move more women into top positions, while highlighting the successes at these trailblazing companies.

This is the definitive list of top workplaces across the U.S. for women who want to advance through the corporate ranks. It celebrates companies that champion women's advancement, with a focus on succession planning, profit-and-loss role, gender pay parity, support programs, and work-life balance programs.

"When Mrs. Estée Lauder placed her name on a jar of her signature cream 75 years ago, she challenged the status quo and built a company based on the principles of equality and women's advancement. Today, we are still making history. At The Estée Lauder Companies (ELC), we now see a workforce of 84 percent women with over 50 percent of women at leadership levels. Almost half of our Board of Directors are women. We see incredible women across our organization at every level, leading from every chair," said Sara Moss, Vice Chairman at ELC.

"Our 2021 Top 75 Companies for Executive Women initiative reveals encouraging increases in the number of women who are in senior leadership roles and running major divisions," says Dr. Betty Spence, Head of Women's Advancement at Seramount. "We have noted a correlation between these increases and new emphasis placed on formal sponsorship programs at 68 percent of the Top Companies, and we applaud their efforts in ensuring that women have advocates for their advancement."

Highlights of the 2021 Top 75 Companies for Executive Women include:

• The percentage of women corporate executives increased 3 percentage points to 34 percent versus 31 percent in 2020. Female board of directors also increased 5 percentage points to 36 percent from 31 percent in 2020.
• Female executives responsible for divisions worth more than $1 billion increased to 37 percent from 30 percent in 2020.
• Corporate executives with P&L responsibilities increased 3 percentage points to 30 percent versus 27 percent in 2020.
• Sixty-eight percent of the Top 75 Companies for Executive Women offer formal sponsorship, up from 60 percent in 2020.

Read the full list of companies.

Methodology
The 2021 Top 75 Companies application includes over 200 questions on topics including female representation at all levels, the corporate officer and profit-and-loss leadership ranks. The application, based on 2020 data, tracks and examines how many employees have access to programs and policies that promote advancement of women and how many employees take advantage of them, plus how companies train managers to help women advance. To be considered, companies must have a minimum of two women on their boards of directors, a US-based CEO, and at least 500 US employees.

About Seramount
Seramount, now part of EAB, is a strategic professional services firm dedicated to advancing diversity, equity, and inclusion in the workplace. Over four decades, partnering with some of the most iconic companies in the world, we've built a deep, data-driven understanding of the employee experience, which lays the groundwork for everything we do. Our comprehensive DE&I toolkit includes actionable research and insights, membership, strategic guidance and consulting, and inspiring events, meeting each client's needs no matter where they are on their journey and guiding them along an ever-changing landscape. Seramount has empowered over 450 organizations to realize the business benefits of diversity, equity, and inclusion. Learn more at seramount.com