Financial News

Bringing the Power of Diversity to Life

By: 3BL Media

2021 Diversity, Equity & Inclusion Report

SOURCE: Edison International

DESCRIPTION:

Edison International's commitment to DEI is longstanding. DEI is integral to our company values, and we know that when we integrate DEI across our business we are best-positioned to accelerate a clean energy future.

In recent years, we have made progress in increasing diverse representation at the Board level, in executive leadership and among our total employee population. We are especially proud to be among those companies in the Fortune 500 that report LGBTQ+ representation at the Board level. Since 2017, we have increased the percent of women in our executive leadership by 10% and are well on our way to achieving our goal of gender parity by 2030.

However, diversity is only effective if it is coupled with inclusion. While we have made strides, we recognize we have more to do to create an even more equitable and inclusive workplace. Using data insights as well as observations gleaned through candid, facilitated conversations with employees, we have worked to continuously improve in building and maintaining a psychologically safe work environment where all our team members can thrive.

To remain transparent and accountable, we share one of the most comprehensive sets of DEI data in our industry, including detailed data on our workforce, suppliers and community investments.

Integrating DEI across Edison International
At Edison International, DEI is everyone’s job. It comes to life at Edison International, SCE and Edison Energy* through teamwork across all levels. For example:

  • Each SCE OU has a culture team comprised of employees dedicated to advancing DEI, our company values, safety and wellness within their organizations and across the company
  • Edison Energy's* DEI Task Force is divided into subgroups with team leads, executive sponsors and dedicated contributors to handle DEI communications, employee engagement, education and initiatives

Additionally, we believe it is important to fully integrate DEI into our business with a C-suite executive who has the ultimate authority and responsibility to continue the progress we’ve made in pay, access, advancement and environment (PAAE). Our SVP, Human Resources has executive responsibility for DEI. Our dedicated corporate DEI team provides thought leadership and crosscompany collaboration in the development, leadership and execution of strategies, programs, tools and processes to build and sustain a culture of equity, inclusion and belonging at Edison International.

Edison International’s Board of Directors oversees initiatives to expand diversity throughout our organization. The Board reviews the company’s DEI progress semiannually, and monitors our commitments, metrics and trends related to workforce representation, pay equity, advancement opportunities and employee sentiment. Prior to the release of our annual DEI report, the Board provides guidance to management and subsequently reviews actions taken, feedback received and progress on the company’s initiatives to enhance transparency and accountability.

Upholding Human Rights
In 2021, Edison International had a 100% score on the Human Rights Campaign’s Corporate Equality Index for the 14th consecutive year and was designated a 2021 Best Place to Work for LGBTQ+ Equality. Some of our most notable accomplishments are:

  • Offering transgender-inclusive healthcare benefits, including coverage of reassignment surgery
  • Providing Lighthouse BRG Ally 101 training, focused on providing resources, education and opportunities that encourage employees to be better LGBTQ+ allies
  • Joining the Human Rights Campaign Business Coalition for Equality Act
  • Enabling self-identification of LGBTQ+ employees through our Self-ID survey
  • Tracking supplier diversity spend with LGBTQ+ suppliers
  • Supporting philanthropic efforts for the LGBTQ+ community

Edison International employees are almost entirely (99.9%) located in the United States.5 We operate in accordance with all applicable federal and international human rights laws and all eight of the International Labour Organization’s Fundamental Conventions. We operate entirely within jurisdictions that have strict human rights standards embedded into law. In addition, through our supplier code of conduct, we require our suppliers to abide by employment practices in line with our values, including equal opportunity and nondiscrimination; prohibition of child labor and forced or compulsory labor; meeting compliance requirements associated with working hours, wages and benefits; and freedom of association.
 

View the full 2021 Diversity, Equity & Inclusion Report here.

*Edison Energy is not the same company as Southern California Edison, the utility, and Edison Energy is not regulated by the California Public Utilities Commission.

5The remaining 0.01% of employees are located in Canada, Mexico, the Netherlands and the United Kingdom.

Tweet me: DEI is integral to @EdisonIntl's company values, and it knows that when it integrates DEI across its business it is best-positioned to accelerate a clean energy future. Learn more about how Edison is bringing the power of diversity to life. https://bit.ly/3NpMKkd @SCE

KEYWORDS: Edison Internaitonal, NYSE: EIX, DEI

A info-graph showing what Edison has accomplished to date and where they are heading in the future

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