AUBURN HILLS, Mich.,
Nov. 16, 2021 /PRNewswire/
-- BorgWarner Inc., a global leader in delivering innovative
and sustainable mobility solutions for the vehicle market, today
announced that it has been recognized on Forbes' list of "World's
Top Female Friendly Companies," for its efforts in supporting women
inside and outside of the workplace. BorgWarner ranked 103 out of
300 industry-leading honorees in the inaugural year of the award.
"BorgWarner is extremely proud to receive this recognition from
Forbes and hold rank with the nation's top women-inclusive
companies," said Felecia Pryor,
Executive Vice President and Chief Human Resources Officer at
BorgWarner. "Through our diversity, equity and inclusion
initiatives, we have made great strides in creating an environment
that empowers and supports women, and we are honored to be a place
where women feel valued and truly want to work."
BorgWarner has implemented several key programs to support women
including the Women in Leadership (WIL) program as well as Women in
Science and Engineering (WISE). The WIL program goal is to give
women the opportunity to come together collectively and share ideas
with one another and to grow their female network, both within the
company and externally. WISE aims to support the personal and
professional growth of female employees in STEM fields.
In addition to these implemented programs, BorgWarner's top
leadership team puts a heavy emphasis on the importance of DEI
across the company, globally. As reported in the company's 2021
Sustainability Report, women in the company earned compensation
98.7% of that received by their male counterparts while 22.2% of
board members are women, 23.1% of strategy board members are women
and 14.6% of company leaders are women.
The list, compiled by Statista, surveyed 85,000 women in 40
countries. All surveys were anonymous, allowing participants to
openly share their opinions. Respondents were asked to rate their
employers' performance on gender-related criteria and their
willingness to recommend their employer to others. They were also
asked to evaluate other employers in their respective industries.
Additionally, Statista asked respondents to rate companies based on
their corporate responsibility, marketing campaigns and public
perception, in relation to gender equality. The final list ranks
the 300 companies that received the most recommendations and boast
the most gender diverse boards and executive ranks.
For the full company rankings, visit:
https://www.forbes.com/female-friendly-companies/#5a688e8264ac.
About BorgWarner
BorgWarner Inc. (NYSE: BWA) is a
global product leader in delivering innovative and sustainable
mobility solutions for the vehicle market. 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 96 locations in 22 countries, the
company employs approximately 50,000 people worldwide. For more
information, please visit borgwarner.com.
Forward-Looking Statements: This press release may
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Private Securities Litigation Reform Act that are based on
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statements of historical fact contained or incorporated by
reference in this presentation 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 and Estimates" in Item 7 of our Annual Report
on Form 10-K for the year ended December 31,
2020 ("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
under 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 presentation.
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:
supply disruptions impacting the us or our customers, such as the
current shortage of semiconductor chips that has impacted original
equipment manufacturer ("OEM") customers and their suppliers,
including us; commodities availability and pricing; competitive
challenges from existing and new competitors including OEM
customers; the challenges associated with rapidly-changing
technologies, particularly as relates to electric vehicles, and our
ability to innovate in response; uncertainties regarding the extent
and duration of impacts of matters associated with the COVID-19
pandemic including additional production disruptions; the failure
to realize the expected benefits of the acquisition of Delphi
Technologies PLC that we completed on October 1, 2020; the failure to realize the
expected benefits of the acquisition of AKASOL or a delay in the
ability to realize those benefits; the failure to successfully
execute on a timely basis our taking private strategy with respect
to AKASOL; the difficulty in forecasting demand for electric
vehicles and our electric vehicles revenue growth to 2030; the
ability to identify targets and consummate acquisitions on
acceptable terms; failure to realize the expected benefits of
acquisitions; the ability to identify appropriate combustion
portfolio businesses for disposition and consummate planned
dispositions on acceptable terms; the failure to promptly and
effectively integrate acquired businesses; the potential for
unknown or inestimable liabilities relating to acquired businesses;
our dependence on automotive and truck production, both of which
are highly cyclical and subject to disruptions; our reliance on
major OEM customers; 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; impacts from any potential future acquisition or
divestiture transactions; 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 Annual Report on Form
10-K and/or Quarterly Report on Form 10-Q. 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
presentation to reflect any change in our expectations or any
change in events, conditions, circumstances, or assumptions
underlying the statements.
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SOURCE BorgWarner