Our commitment to addressing health disparities and diversity

A message to employees from CEO and Chairperson, Giovanni Caforio, M.D.

August 11, 2020     

We are in a unique time. As a company, we have had many conversations about the serious challenges facing the Black/African American community and have learned a great deal since the death of George Floyd. The global COVID-19 pandemic has further exposed persistent health disparities that leave under-resourced and minority communities at greater risk of poor health outcomes. Now more than ever, we recognize our role in creating the change needed to address the health disparities and racial inequality present in our rapidly changing communities.

Over the past months, we have gotten a lot of ideas and input from you. We have spent time listening, learning and debating, and have developed an approach that reflects broad input, represents our key priorities and is consistent with our values.

I am pleased to share that Bristol Myers Squibb and the Bristol Myers Squibb Foundation will announce a combined investment of $300 million over the next five years to accelerate health equity and diversity and inclusion efforts. We expect this investment will help diverse populations and, as an extension, improve outcomes across all populations impacted by the diseases on which we focus.

We will focus on 1) addressing health disparities, 2) increasing clinical trial diversity, 3) expanding our supplier diversity program, 4) expanding our U.S. Employee Giving Program and 5) increasing our workforce diversity.

I want to reinforce that our focus on Black/African American and Hispanic/Latino executive representation builds on the ongoing and important work to create a powerfully diverse and broadly inclusive organization. Our passion and commitment to Asian talent in leadership roles remains steadfast, as does our work in all aspects of diversity. We look forward to advancing our efforts and sharing more on our progress.

I will share additional details about these commitments during our Global Quarterly Update meeting.

Thanks to our colleagues across the company who contributed to developing these commitments. It will require all of us working together to advance health equity and build a diverse and inclusive organization. I am relying on all of you to join in these efforts and to demonstrate the values that make our company unique. I am excited about these bold steps and the impact they will have for our patients and communities.

Best regards,
Giovanni

Click here  to read our media release and here to download our commitments overview.

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