We are committed—in word and action—to fostering a diverse and inclusive work environment. In 2014, we made the decision to create a full-time diversity and inclusion managerial position to advance our strategic goals and measure progress. We filled this position in early 2015.
Building a Diverse and Inclusive Workforce
As part of our efforts to foster diversity and inclusivity, we seek to attract and retain qualified female applicants. The physical nature of many positions at Covanta should not be a barrier to working and developing professionally. At the leadership level of our organization, women currently constitute 25 percent of our Board of Directors.
Another aspect of a diverse workforce encompasses employee demographics of age and tenure. Over 20 percent of our U.S. workforce is age 55 or older. As this group looks toward retirement, we provide them with financial planning services along with an employee assistance program. We have also developed succession plans to avoid employment gaps and to ensure that new hires are equipped with the tools—and the institutional knowledge—they need to perform their jobs.
“The bottom line of a company comprises a lot of different issues and audiences. One important challenge is recognizing that workforce engagement and community engagement, while often considered to be ‘nonfinancial’ activities, have significant financial implications and should be specifically considered that way.”
Portfolio Manager, Sustainable Insight Capital Management