The gender gap in organizations has narrowed over the past three decades, giving more effortless labor mobility worldwide. There has also been increasing global awareness regarding the right to a dignified and respectful workplace irrespective of the sexual orientation and ethnicity of the employees, which promotes an open and inclusive workplace. However, labor market disruption due to the COVID-19 has had devastating consequences globally. According to International Labour Organization (ILO), women’s employment declined by 5% globally in 2020 compared with around 4% for men.
Diversity, equity, and inclusivity (DEI) are critical to the business performance of the consumer sector, which encompasses retailers and consumer-packaged goods manufacturers, since consumers want to buy goods that reflect their values, wants, and needs. Consumers expect more from brands than ever, and retailers must honor DEI. Understanding the brand, setting DEI commitments from the top, delivering on the pledges, recruiting from diverse pools, and creating a supportive environment can all contribute to DEI.
Constellation Brands Inc produces and markets alcoholic beverages. The company markets these products under Corona Extra, Corona Light, Corona Premier, Corona Familiar, Corona Refresca, Modelo Especial, Pacifico, 7 Moons, Kim Crawford, Cooper & Thief, Robert Mondavi, High West, Crafters Union, Cook’s California Champagne, Veeder, The Dreaming Tree, Ruffino, and SVEDKA, SIMI brand names.
In 2022, women represented 43% of Constellation Brands’ total workforce, an increase of 1 percentage point over 2021. Constellation Brands had 33% women representation among its board members, 28% women in its executive team, 41% women at the vice president level, and 37% women as directors.
Constellation Brands aims to achieve 50% women participation in its US salaried workforce by 2026.
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