AUBURN HILLS, Mich.,
Jan. 28, 2021 /PRNewswire/
-- BorgWarner Inc., a global product leader in clean and
efficient technology solutions for combustion, hybrid and electric
vehicles, has received a score of 75 out of 100 on the Human Rights
Campaign Foundation's 2021 Corporate Equality Index, the nation's
foremost benchmarking survey and report measuring corporate
policies and practices related to LGBTQ workplace equality.
BorgWarner joins the ranks of 1,142 major U.S. businesses that were
also ranked in the 2021 CEI.
Felecia Pryor, BorgWarner's
Executive Vice President and Chief Human Resources
Officer, stated, "BorgWarner is a proud supporter of the LGBTQ
community and our Corporate Equality Index score is a true
testament to the inclusive culture we have built. We do not
tolerate discrimination and are grateful to our team for their
continued commitment to embracing diversity."
"From the previously unimaginable impact of the COVID-19
pandemic, to a long overdue reckoning with racial injustice, 2020
was an unprecedented year. Yet, many businesses across the nation
stepped up and continued to prioritize and champion LGBTQ
equality," said Alphonso David,
Human Rights Campaign President. "This year has shown us that tools
like the CEI are crucial in the work to increase equity and
inclusion in the workplace, but also that companies must breathe
life into these policies and practices in real and tangible ways.
Thank you to the companies that understand protecting their LGBTQ
employees and consumers from discrimination is not just the right
thing to do—but the best business decision."
The results of the 2021 CEI showcase how 1,142 U.S.-based
companies are not only promoting LGBTQ-friendly workplace policies
in the U.S., but also for the 57% of CEI-rated companies with
global operations who are helping advance the cause of LGBTQ
inclusion in workplaces abroad.
The CEI rates employers providing these crucial protections to
over 18 million U.S. workers and an additional 17 million outside
of the U.S. Companies rated in the CEI include Fortune magazine's
500 largest publicly traded businesses, American Lawyer magazine's
top 200 revenue-grossing law firms (AmLaw 200), and hundreds of
publicly and privately held mid- to large-sized businesses.
The CEI rates companies on detailed criteria falling under four
central pillars:
- Non-discrimination policies across business entities;
- Equitable benefits for LGBTQ workers and their families;
- Supporting an inclusive culture; and,
- Corporate social responsibility.
The full report is available online at www.hrc.org/cei.
About BorgWarner
BorgWarner Inc. (NYSE: BWA) is a
global product leader in clean and efficient technology solutions
for combustion, hybrid and electric vehicles. Building on its
original equipment expertise, BorgWarner also brings market leading
product and service solutions to the global aftermarket. With
manufacturing and technical facilities in 99 locations in 24
countries, the company employs approximately 48,000 worldwide. For
more information, please visit borgwarner.com.
About the Human Rights Campaign Foundation
The Human
Rights Campaign Foundation is the educational arm of America's
largest civil rights organization working to achieve equality for
lesbian, gay, bisexual transgender and queer people. HRC envisions
a world where LGBTQ people are embraced as full members of society
at home, at work and in every community.
Forward-Looking Statements: This news release may contain
forward-looking statements as contemplated by the 1995 Private
Securities Litigation Reform Act that are based on management's
current outlook, expectations, estimates and projections. Words
such as "anticipates," "believes," "continues," "could,"
"designed," "effect," "estimates," "evaluates," "expects,"
"forecasts," "goal," "guidance," "initiative," "intends," "may,"
"outlook," "plans," "potential," "predicts," "project," "pursue,"
"seek," "should," "target," "when," "will," "would," and variations
of such words and similar expressions are intended to identify such
forward-looking statements. Further, all statements, other than
statements of historical fact contained or incorporated by
reference in this news release that we expect or anticipate will or
may occur in the future regarding our financial position, business
strategy and measures to implement that strategy, including changes
to operations, competitive strengths, goals, expansion and growth
of our business and operations, plans, references to future success
and other such matters, are forward-looking statements. Accounting
estimates, such as those described under the heading "Critical
Accounting Policies" in Item 7 of our Annual Report on Form 10-K
for the year ended December 31, 2019
("Form 10-K"), are inherently forward-looking. All forward-looking
statements are based on assumptions and analyses made by us in
light of our experience and our perception of historical trends,
current conditions and expected future developments, as well as
other factors we believe are appropriate in the circumstances.
Forward-looking statements are not guarantees of performance, and
the Company's actual results may differ materially from those
expressed, projected or implied in or by the forward-looking
statements.
You should not place undue reliance on these forward-looking
statements, which speak only as of the date of this news release.
Forward-looking statements are subject to risks and uncertainties,
many of which are difficult to predict and generally beyond our
control, that could cause actual results to differ materially from
those expressed, projected or implied in or by the forward-looking
statements. These risks and uncertainties, among others, include:
uncertainties regarding the extent and duration of impacts of
matters associated with COVID-19/coronavirus, including additional
production disruptions; the failure to realize the expected
benefits of the acquisition of Delphi Technologies PLC that the
Company completed on October 1, 2020;
the failure to promptly and effectively integrate acquired
businesses; the potential for unknown or inestimable liabilities
relating to the acquired businesses; our dependence on automotive
and truck production, both of which are highly cyclical; our
reliance on major OEM customers; commodities availability and
pricing; supply disruptions; fluctuations in interest rates and
foreign currency exchange rates; availability of credit; our
dependence on key management; our dependence on information
systems; the uncertainty of the global economic environment; the
outcome of existing or any future legal proceedings, including
litigation with respect to various claims; future changes in laws
and regulations, including, by way of example, tariffs, in the
countries in which we operate; and the other risks, including, by
way of example, pandemics and quarantines, noted in reports that we
file with the Securities and Exchange Commission, including Item
1A, "Risk Factors" in our most recently-filed Form 10-K. We do not
undertake any obligation to update or announce publicly any updates
to or revisions to any of the forward-looking statements in this
news release to reflect any change in our expectations or any
change in events, conditions, circumstances, or assumptions
underlying the statements.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/borgwarner-inc-earns-75-in-human-rights-campaigns-2021-corporate-equality-index-301217372.html
SOURCE BorgWarner