Diversity and Religion in the Fortune 500: A Closer Look at the Companies Setting the Standard Acros
The Corporate Religious Equity, Diversity & Inclusion (REDI) Index is a pioneering system for evaluating how effectively companies foster a welcoming environment for employees of faith. It assesses various factors, such as the existence of faith-based Employee Resource Groups (ERG) and the availability of workplace chaplains, to provide a comprehensive assessment of a company’s commitment to being “faith friendly.”
Intel Corporation stands out among the 500 largest companies in America as the most faith-friendly corporate workplace in America, according to the 2023 Corporate Religious Equity, Diversity & Inclusion (REDI) Index and Monitor. American Airlines (#2), Equinix (#3), PayPal and Salesforce (tied for #4), Dell Technologies (#6), AIG (#7), Tyson Foods, (#8) Google and Texas Instruments (tied for #9) follow closely behind.
Companies such as Intuit, American Express, Target, CMS Energy, Ford Motor Company and NextEra Energy are also showing commitment to this cause.
The REDI Monitor also tracks trends among U.S Fortune 500 companies that haven't yet taken part in the REDI Index survey; Wayfair scored at the top with Ameriprise Financial, Aramark, Block, Cigna, IQVIA Holdings, KeyCorp, MGM Resorts International, Netflix, Northern Trust, PNC Financial Services Group, Qurate Retail, Securian Financial Group, and Uber Technologies following closely behind. Global Fortune 500 companies such as Accenture, SAP and Bosch have also opted in to the REDI Index survey for a second year now - with Accenture scoring a spot within the top 10!
As the Religious Freedom & Business Foundation released their fourth annual benchmark assessment of corporate America’s inclusion of religion as an integral part of diversity, equity, and inclusion initiatives, a notable 50% increase in opt-in participation was seen. This included Qualtrics, ServiceNow and Kaiser Permanente becoming the first health system to participate in the REDI Index.
For the first time too, three European-based companies participated: TeaPak (a Yogi Tea partner) from Italy; OVO Energy from the UK; and NATS (the UK’s leading provider of air traffic control services). The two latter companies will be recognized at events hosted by No. 10 Downing Street and British Parliament respectively. As more energy companies such as CMS Energy, NextEra Energy and OVO Energy get involved in this benchmarking initiative - it is clear that these metrics apply across industries as well as countries!
General Fortune 500 Findings
— 219 companies (44%) mention, refer to or illustrate religion on their main diversity landing page, up from 202 (40%) in 2022.
— 43 companies (8.6%) publicly report having faith-oriented ERGs, up from 37 companies (7.4%) in 2022.
Key Survey Findings Among 25 Top Faith-Friendly Companies (REDI Index)
92% featured religion on company’s main or other diversity page
92% sponsor faith and belief employee resource groups
88% share best practices with other companies or organizations
96% clearly address religion in diversity training
80% provide chaplains or other spiritual care for employees
80% are attentive to how religion impacts stakeholders
92% accommodate the religious needs of employees
96% have clear procedures for reporting religious discrimination
92% report that their employees attend religious diversity professional conferences
72% match employee donations to religious charities
Top Faith-Friendly Company by Industry
#1 in Automotive Industry – Ford Motor Company #1 in Semiconductor Sector – Intel Corporation #1 in Airline Sector – American Airlines #1 in Digital Infrastructure Sector – Equinix #1 in Consulting Service Sector – Accenture #1 in Financial Services Sector – PayPal #1 in CRM Sector – Salesforce #1 in Computer Hardware & Software Sector – DELL Technologies #1 in Insurance Sector – AIG #1 in Food Production Sector – Tyson Foods #1 in Overall Technology Industry – Google #1 in Retail Industry – Target #1 in Health Sector – Kaiser Permanente #1 in Europe – Tea Pak #1 in UK – OVO Energy #1 Outside US Fortune 500 – Qualtrics