AUBURN HILLS, Mich.,
Jan. 27, 2022 /PRNewswire/ --
BorgWarner, a global leader in delivering innovative and
sustainable mobility solutions for the vehicle market, has again
been included on the Human Rights Campaign Foundation's 2022
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 1,271
major U.S. businesses that were also ranked in the 2022 CEI.
"BorgWarner is honored to once again be recognized as a company
that celebrates diversity, provides a safe place and supports all
identities and nurtures LGBTQ equality and inclusion," said
Felecia Pryor, Executive Vice
President and Chief Human Resources Officer at BorgWarner. "We
pride ourselves on our progressive and accepting company culture
and continue building upon our supportive and diverse environment
so that every employee can bring their whole, authentic self to
work without fear of being discriminated against or judged."
"When the Human Rights Campaign Foundation created the Corporate
Equality Index 20 years ago, we dreamed that LGBTQ+ workers—from
the factory floor to corporate headquarters, in big cities and
small towns—could have access to the policies and benefits needed
to thrive and live life authentically," said Jay Brown, Human Rights Campaign Senior Vice
President of Programs, Research and Training. "We are proud that
the Corporate Equality Index paved the way to that reality for
countless LGBTQ+ workers in America and abroad. But there is still
more to do, which is why we are raising the bar yet again to create
more equitable workplaces and a better tomorrow for LGBTQ+ workers
everywhere."
The results of the 2022 CEI showcase how 1,271 U.S.-based
companies are not only promoting LGBTQ-friendly workplace policies
in the U.S., but also for the 56% of CEI-rated companies with
global operations who are helping advance the cause of LGBTQ+
inclusion in workplaces abroad. In 2002, the first year of the CEI,
only 13 companies achieved a top-score, demonstrating the
incredible impact the CEI has had on the business world over the
past 20 years. This year's CEI reflects growth across every
measurement category, from the adoption of inclusive
non-discrimination policies, to equitable healthcare benefits for
transgender employees.
The CEI rates employers providing these crucial protections to
over 20 million U.S. workers and an additional 18 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
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.
About The Human Rights Campaign Foundation
The Human Rights Campaign Foundation is the educational arm of
the Human Rights Campaign (HRC), America's largest civil rights
organization working to achieve equality for lesbian, gay,
bisexual, transgender and queer (LGBTQ+) people. Through its
programs, the HRC Foundation seeks to make transformational change
in the everyday lives of LGBTQ+ people, shedding light on inequity
and deepening the public's understanding of LGBTQ+ issues, with a
clear focus on advancing transgender and racial justice. Its work
has transformed the landscape for more than 15 million workers, 11
million students, 1 million clients in the adoption and foster care
system and so much more. The HRC Foundation provides direct
consultation and technical assistance to institutions and
communities, driving the advancement of inclusive policies and
practices; it builds the capacity of future leaders and allies
through fellowship and training programs; and, with the firm belief
that we are stronger working together, it forges partnerships with
advocates in the U.S. and around the globe to increase our impact
and shape the future of our work.
Forward-Looking Statements: This press 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 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