Diversity & Inclusion - S&P Global

Diversity & Inclusion 2014 Annual Report

Contents 1

Letter from the CEO

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Letter from the 2014 Chief Diversity Officer

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About McGraw Hill Financial

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About D&I at McGraw Hill Financial

4 D&I Executive Steering Committee and Council of Representatives 5

Our Employee Resource Groups

10

Case Studies

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Featured Content

APEX and WINS Host Panel in Partnership with Asian Women in Business  MHFI Launches Its Newest Employee Resource Group VALOR!  Spectrum Hosts Pride Event in Partnership with CBS 

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Awards & Recognition

15 Contact

McGRAW HILL FINANCIAL


Letter from the CEO At McGraw Hill Financial, we recognize that a diverse and inclusive workforce provides unique perspectives and innovative solutions. These perspectives and solutions have helped us become the leading provider of benchmarks & ratings, analytics, data and research that are transparent, independent and support the sustainable growth of the global capital, commodity and corporate markets. I am proud that we attract diverse talent to our Company and have an inclusive workforce where all employees are valued, supported and encouraged to reach their full potential. The MHFI Leadership Team and I celebrate the individual perspectives that our employees bring, recognizing that our different experiences and backgrounds enable us to better serve our customers worldwide. I am honored to help guide our efforts and am committed to continuing our strong focus on diversity and inclusion in the way we operate and conduct business.

DOUGLAS L. PETERSON PRESIDENT AND CEO



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Letter from the 2014 Chief Diversity Officer We have proudly established a solid foundation for diversity and inclusion to continue flourishing at McGraw Hill Financial in the coming years. Our world class programs have engaged our employees and set new records for participation. This past year we focused on creating growth and driving performance. For instance, our eight employee resource groups delivered programs which included speakers like New York Senator Kirsten Gillibrand who encouraged the audience to get involved, and sports correspondent Mary Carillo who inspired employees to act like an athlete and never give up. We also partnered with organizations like the YWCA, Girls Inc of New York, and the National Association of Black Accountants to build a better future for traditionally underserved and underrepresented communities. In addition, the D&I Council continued to expand representation across the organization to include all of the operating business units. And to recognize the diversity efforts of our summer interns, once again this year we proudly awarded five scholarships to students across the country from Barnard in New York to the University of Texas at Austin. As I step into a new role in 2015, and Rosemarie Lanard assumes the role of Chief Diversity Officer, I look forward to future successes and to building upon a solid foundation for diversity & inclusion at MHFI.

TERRI AUSTIN CHIEF CORPORATE POLICY OFFICER



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About McGraw Hill Financial McGraw Hill Financial is a benchmarks, content and analytics company serving the capital and commodity markets. We are home to some of the most iconic brands in finance and business, including: Standard & Poor’s Ratings Services, S&P Capital IQ, S&P Dow Jones Indices, Platts and J.D. Power. Our independent credit ratings, indices, analytics, price assessments and research provide clients with the essential intelligence to manage risk and identify opportunities to grow. These offerings are essential to clients and are deeply embedded in their business processes and workflows. McGraw Hill Financial was created in May 2013 after the sale of McGraw-Hill Education to Apollo Global Management, LLC was completed. OUR VISION To be the leading provider of transparent and independent benchmarks & ratings, analytics, data and research in the global capital, commodity and corporate markets.

OUR MISSION Promote sustainable growth in the global capital, commodity and corporate markets by providing customers with essential intelligence and superior service. OUR VALUES  Fairness: The highest standards

of fairness and independence in everything we do.

OUR GROWTH McGraw Hill Financial increased revenue by 7% in 2014. McGraw Hill Financial is poised for future growth by expanding its integrated solutions, distribution channels, global footprint, targeted acquisitions and its scalable capabilities.

 Integrity: Trusted brands, operating

with integrity and a robust control and compliance environment.  Transparency: Committed to

transparency in our products and services, and in our markets. OUR CULTURE We are results-oriented and serve customers in a responsible and innovative way.

MHFI AT A GLANCE: 

Headquarters in New York City

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96 Offices 30 Countries

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Close to 17,000 Employees worldwide

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Fairness, Integrity and Transparency.

About D&I at McGraw Hill Financial McGraw Hill Financial defines diversity in the workplace as an inclusive environment that respects and values each individual, his or her experiences, perspectives and contributions to the corporation. We are focused on the growth of our diverse workforce and we rely on our employees to bring unique points of view. The corporation’s commitment to diversity extends beyond equal employment opportunity obligations: it is a value that is imperative to our business success. As global competition increases, we are committed to creating products and services that exceed our customers’ expectations and employing diverse talent that understands and meets those needs.



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D&I Executive Steering Committee and Council of Representatives

The MHFI EC/D&I Council completed its first annual review of the Diversity Scorecard in 2014.

Insights and opportunities were shared across businesses to ensure awareness of diversity talent gaps and to outline development actions for 2015. Some examples of more inclusive behaviors taking place across MHFI include:  Partnering with Talent Acquisition to deliver diversity-specific recruitment strategies to

hiring managers  Collaborating with Campus Recruitment to review schools and organizations for potential

new sourcing opportunities, particularly those focusing on women and minorities.  Consistent increase of women appointed to senior leadership roles, including higher

representation at the Executive Committee level



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Our Employee Resource Groups

Our Employee Resource Groups continue to strive to create an inclusive workplace where all employees feel valued and their voices heard. MHFI has eight Employee Resource Groups (ERGs) that drive innovation, engage our workforce, attract and retain diverse talent and serve the community. In 2014 more than 1,000 new members joined our ERGs with more than 5,000 members globally; regions include the Americas, EMEA, Asia and Australia. Collectively, our ERGs sponsored more than 100 talent development workshops, lunch & learns, book clubs, cultural initiatives and community outreach activities. Our ERGs allow our employees to build leadership skills, develop career opportunities and networks, collaborate across businesses and functions and contribute to the success of MHFI around the globe.


TALENT ACQUISITION & RETENTION

ERG Impact COMMUNITY OUTREACH

TALENT DEVELOPMENT


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Our Employee Resource Groups (cont’d)

APEX

(Asian Professionals for Excellence) significantly increased its membership in 2014 to 525 members (approximately 60% jump from 2013—329 members.) The APEX subcommittees committed a tremendous amount of effort to planning and executing a series of enriching programs including Leadership & Market Awareness and Talent Development series featuring leaders from MHFI as well as outside the organization including: Julie Yoo, Senior Vice President, Scripps Networks Interactive; Susan Soh, Partner, Perella Weinberg Partners LP; Martina Cheung, Chief Strategy Officer, MHFI; and Anu Aiyengar, Managing Director, Mergers and Acquisitions, JP Morgan Securities LLC.. APEX was fortunate in 2014 to gain the Executive sponsorship support of Neeraj Sahai, President—Standard & Poor’s Ratings Services.

BEAM

(Black Employees at MHFI) represented MHFI at the 2014 Congressional Black Caucus weekend in Washington D.C. and continued its successful Leader of Color Series which featured Andrew Watt, Managing Director, S&P Ratings Services and Kenya Henderson, Head of Global Sales Enablement, S&P Ratings Services. BEAM participated in Talent Fairs at National Black MBA Conference and presented at National Association of Black Accountants student conference in an effort to drive diverse talent acquisition and retention at MHFI. BEAM also co-sponsored AIDS Walk NYC along with Spectrum and other ERGs driving cross ERG-collaboration in Community Outreach efforts.



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EASE

(Enable Achieve Succeed Empower) participated in the 2014 Employer’s Forum on Disability at Citigroup Center, New York City and Dining for a Difference Event sponsored by DiversityInc and the Viscardi Center as part of their efforts to partner with Talent Acquisition. Early in the year, EASE hosted a special panel focused on Estate Planning and other Legal Issues geared towards parents of children with special needs with Attorney Paul Prior of Hinkle, Fingles & Prior, Attorneys at Law. EASE co-sponsored an Author Series event with APEX: “The Confident Speaker” with Harrison Monarth. In October, EASE once again hosted the Disability Awareness Month Celebration featuring NYC Commissioner of the Office of People with Disabilities, Victor Calise.

Spectrum more than doubled its membership and rebranded its name to be more inclusive of LGBT employees as well as allies. In 2014, Spectrum influenced MHFI to join an amicus brief filed in the Obergefell Case written by the Law Firm of Morgan Lewis in support of marriage equality. In addition, MHFI signed a petition in support of transgender rights to be delivered to the New York State Senate and Assembly. By partnering with our WINS (Women’s Initiative for Success) ERG, Spirit Day was celebrated globally for two years in a row with participation around the world including North America, Australia, EMEA, Latin America and Asia. Spectrum once again led the MHFI AIDS WALK NYC team, where together with our ERGs, 71 dedicated individuals helped bring the team’s fundraising total to an all-time record! After company matching and a generous volunteer grant, the team will have raised more than $20,000 making MHFI a Gold Member of AIDS WALK NYC.



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HHN

(Hispanic Heritage Network) featured numerous accomplished guests as part of its Senior Leader Speaker Series including: Yesenia Morillo-Gual, founder of the Proud to Be Latina organization, Doug Peterson, President & CEO, MHFI and Victor Manuel Herrera, Managing Director, S&P Ratings, Mexico City. HHN President, Susan Reyna, presented on ERG Strategies to Engage Employees at the Network & Affinity Leadership Congress (NALC) in NYC. In October, HHN attended the Congressional Hispanic Caucus Institute Gala, Washington, D.C. HHN continues to expand its membership into countries outside the U.S. and exposes MHFI employees to leaders from our Latin American offices for a better understanding of the global scope for our markets and customers.

LEAD

(Learning, Empowering & Accelerating Digital) launched a Big Data Workshop Series which included deep dive workshops and panels throughout 2014 featuring LEAD experts including: Avi Berliner, S&P Ratings, Saeed Haq, VP Data Management & Enterprise Architecture, J.D. Power, Leonard Langsdorf, VP Software Engineering, S&P Capital IQ, Monica Richter, Sr. Vice President, Data Strategy & Operations, S&P Ratings, Ryan Work, Sr. Director, Privacy & Government Affairs, MHFI and Brian Enochson, Software Developer and Cassandra Expert. LEAD once again sponsored the MHFI Digital Expo which featured Hanna Goldberg Head of Media Sales and Marketing at LinkedIn. LEAD also partnered with S&P Capital IQ Technology team in hosting the first Robotics Garage Series.



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WINS

(Women’s Initiative for Networking and Success)

celebrated its 10th Anniversary in 2014 with the theme Be Essential, Drive Results. Regional networks in Asia-Pacific (APAC) celebrated many successes including successfully on-boarding a new network in Gurgaon, India adding to its 19 regional networks globally. In May, WINS hosted the 2014 WINS Leadership Conference in New York City with participants representing five continents and including accomplished speakers such as Barbara Corcoran, author, entrepreneur and co-host of ABC’s Shark Tank, Therese Tucker, CEO and Founder of BlackLine Systems, Gisel Ruiz, Executive Vice President and Chief Operating Officer of Walmart US, and author Dr. Tracy Wilen. WINS has increased its outreach efforts by forging strategic partnerships with internal ERGs and external organizations. A few of the several examples include WINS’ partnership Women Unlimited in the U.S; Women on the Wharf in London; and McAuley House Shelter in Melbourne.

VALOR

(Veterans and Allies Leading for Organizational Results)

officially launched in May 2014, with the inaugural presentation of its Leadership Series with West Point’s Colonel Jeffrey Peterson. Doug Peterson and VALOR’s Executive Sponsor, Alex Matturri, were present, along with many other senior executives and 150 attendees. VALOR’s partnership with West Point faculty and cadets deepened with an all-day workshop centered on MHFI Leadership Essentials, Speak the Truth and Elevate People. Twenty cadets joined VALOR at 55 Water Street for MHFI product/service sessions with key MHFI leaders including: Andrew Watt, Managing Director, S&P Ratings Services, David Blitzer, Managing Director, S&P Down Jones Indices, General Manager, Petroleum, Platts and Todd Rosenblatt, Senior Director, S&P Capital IQ and and facilitated table discussions on West Point/MHFI views on leadership. VALOR also focused on Talent Acquisition by engaging with ADP Military Recruiting Solutions for military conference presence and targeted recruiting/sourcing for open MHFI positions. McGRAW HILL FINANCIAL


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CASE STUDY

Elevating Women in Technology at MHFI With the support of S&P Capital IQ’s Chief Technology Officer, Bob Coppola and under the leadership of Vicki DiSalvo, VP of the Sales & Marketing Systems IT Community, MHFI’s Women in Technology group (WiT) was formed in May of 2014. The mission of WiT is to foster a forum in which MHFI employees can come together to discuss women’s issues in both technological fields and within our company. WiT aims to foster a supportive community that:

 Raises awareness and understanding of

issues relating to women in technological fields while recognizing the contributions of women within the company  Facilitates forums for discussions

that empower women to motivate one another to inspire and succeed through the sharing of personal experiences and input

 Fosters meaningful relationships

among members that entail opportunities for networking, collaborating, and sharing ideas  Encourages others to join WiT in its pursuits

WiT groups have launched in NY, NJ and Hyderabad and many more locations are planned for 2015!

CASE STUDY

National Organization on Disabilities Partners with J.D. Power on Disability Hiring Tool In 2014, NOD partnered with J.D. Power on creating the Disability Employment Tracker to deliver valuable benchmarking data and offer the guidance and tools needed for companies to successfully hire and support employees with disabilities and veterans. The Disability Employment Tracker evaluates four key areas: MHFI has supported the National Organization on Disabilities (NOD) and its efforts to promote the rights of individuals with disabilities and disabled veterans. NOD was instrumental in helping MHFI launch EASE (Enable Achieve Succeed Empower) our Employee Resource Group that empowers employees of all abilities.


 Climate and Culture  Employment Lifecycle  Tracking and Measurements  Results and Opportunities

Carol Glazer, President of NOD stated: “McGraw Hill Financial has been a long time partner of the National Organization

on Disability, supporting our disability employment programs for many years. So it was an obvious choice to seek the guidance of MHFl and J.D. Power when developing our Disability Employment Tracker™, a self-assessment that helps companies benchmark their performance in hiring, training and supporting people with disabilities and injured veterans. With J.D. Power’s assistance, we built a tool that not only provides Fortune 500 companies an assessment of where they are in their efforts to hire and develop talent with disabilities, but also helps plan next steps in the “disability inclusion journey.” After our second year, results from the 85 Tracker companies are showing improvements.”


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FEATURED EXTERNAL PARTNERSHIP

APEX and WINS Host Panel in Partnership with Asian Women in Business On June 30, 2014, McGraw Hill Financial hosted Born to Lead: Beyond the Glass Ceiling in partnership with Asian Women in Business at 1221 Avenue of the Americas in New York City. The panel discussion focused on challenges faced by Asian female business leaders and was co-sponsored by APEX (Asian Professionals for Excellence) and WINS (Women’s Initiative for Networking and Success) Employee Resource Groups. Ram Ranganath, Managing Director, Data Strategy and Operations, S&P Ratings and President of APEX, provided a welcome on behalf of APEX. He spoke on the importance of both women and the Asian community as a whole to MHFI. Michelle Ferguson, Senior Vice President, Global Business Services, MHFI and Co-President of WINS, also provided a brief welcome. Michelle discussed the global presence of MHFI and WINS in particular, mentioning WINS’ five networks within Asia. John Berisford, Executive Vice President, Human Resources, MHFI, followed the welcoming remarks with an overview of MHFI and the importance of Asia to McGraw Hill Financial, especially now that more than 9,000 of the company’s employees are in the Asia Pacific region. Bonnie Wong, President, Asian Women in Business, commented on their long partnership with McGraw Hill Financial and how it helped them reach their tenth annual Born to Lead event. The panel that followed was moderated by Pulitzer prize-winning journalist, best-selling author, and businesswoman, Sheryl WuDunn. An accomplished group of panelists included Julie Yoo, Senior Vice President, Corporate Development, Scripps Networks Interactive; Susan Soh, Partner, Perella Weinberg Partners LP; Martina Cheung, Chief Strategy Officer, McGraw Hill Financial; and Anu Aiyengar, Managing Director, Mergers and Acquisitions, JP Morgan Securities LLC.


The panelists discussed how their lives diverged from their planned career paths and how they learned to be positive role models for other women in their firms. Susan commented on her realization that as a partner in the firm and the first woman to take maternity leave, she was “setting the stage and setting the path for all the women at the firm.” She ended up taking as much maternity leave as she needed rather than rushing back to work. They also spoke on the challenges they had faced as Asian women in fields that were often predominately white and male. Anu noted that both the positive and negative stereotypes faced by Asian women can affect women’s experiences in the workforce. She said, “It’s all about reinforcing or changing the assumptions that have been made about you, and

that’s hard.” Martina later added that a successful career requires guidance, saying, “You need diversity of opinion. You have to get out of your company, and you have to get out of your industry [when seeking advice].” All four panelists were eager to share wisdom, and the audience was curious to hear more, with half the room vying for a chance at the microphone during the Q&A period. Despite the many struggles they discussed and obstacles they have had to overcome, these women served as role models of successful Asian women who had made it to the top of their fields. McGraw Hill Financial, Diversity and Inclusion, APEX, and WINS were proud to help celebrate the accomplishments of these inspiring women.


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FEATURED ARTICLE

MHFI Launches its Newest Employee Resource Group—VALOR On May 9th, McGraw Hill Financial was proud to launch its newest Employee Resource Group, VALOR, which stands for Veterans and Allies Leading for Organizational results. VALOR is the eighth Employee Resource Group at MHFI and will provide leadership and strategic focus on initiatives to support Veteran employees, military family members and their allies. More than 150 employees attended the launch in person and via Livestream including MHFI President and CEO Doug Peterson, Lou Eccleston, President, S&P Capital IQ and Alex Matturri, CEO, S&P Dow Jones Indices who is also the Executive Sponsor of VALOR. Terri Austin, MHFI Chief Diversity Officer, opened the event highlighting the importance of Diversity & Inclusion at MHFI. Shaun Wurzbach, the Global Head of Financial Advisor for S&P Dow Jones and the Co-Chair of VALOR, thanked the MHFI leadership for their support in launching such an important initiative: “Without your support, we would not be successful. VALOR is open to all employees and we encourage you to get involved.” Alex discussed the vital leadership skills veterans can offer to any organization. He also highlighted the role that mentoring can play in helping that transition.

Following a flag presentation, Shaun introduced the keynote speaker, Colonel Jeffery D. Peterson, Economics Program Director for the Department of Social Sciences of the United States Military Academy. Col. Peterson’s inspiring speech focused on strategies for driving success and the difficulties of being a successful leader. He also noted the forthcoming impact the workforce will experience based on the upcoming downsizing of the US military. With a potential 30,000 veterans transitioning to the workforce in the next few years, understanding the unique abilities veterans offer is essential. He said, “Translating skills from combat to civilian life can be difficult, and companies and veterans need to meet in the middle to find paths to success.” The main portion of Col. Peterson’s speech focused on what it means to be a leader. He explained the five C’s: Character, Caring about People, Commitment to a Mission, Courage and Competence. He then linked these traits to the McGraw Hill Financial’s Leadership Essentials Model which

includes Elevating People, Speaking the Truth, and Executing with Discipline. He skillfully connected the different aspects of leadership, all the while engaging the room and providing real world examples. Following the keynote address, MHFI President and CEO Doug Peterson highlighted the necessity of strong leadership in both the military and at McGraw Hill Financial. He discussed some of the elements that Col. Peterson mentioned, highlighting the true importance of delivering results through simplification, prioritization, accountability and presence. He thanked Col. Peterson for his remarks and encouraged all MHFI employees to get involved: “ERGs are an important part of McGraw Hill Financial as they allow employees to connect and participate in groundbreaking initiatives.” One of the highlights of the day was a special singing performance by the 2014 USO Show Troupe. McGraw Hill Financial sponsored the USO Troupe’s holiday tour in 2013 and continues to support the USO mission. Rose Lanard, Vice President, MHFI Employee Engagement and CoChair of VALOR, provided closing remarks and announced the winner of the raffle, a gift basket donated by the Valor winery in California. This winery was founded by veterans and its mission is to hire veterans for their company. The winner of the raffle Yenhu Ou of S&P Ratings, graciously donated the basket back to VALOR as a token of his appreciation and support. We invite you to Join VALOR and also visit and join our VALOR Buzz page. The full video presentation of the event will be available shortly on the VALOR Buzz Page.



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FEATURED ARTICLE

Spectrum Hosts Pride Event in Partnership with CBS On June 9, 2014, McGraw Hill Financial hosted its Annual Pride Month Celebration in New York City in partnership with broadcast television network CBS.

The Spectrum LGBT & Friends Employee Resource Group (ERG), formerly named GLBT & ALLIES, sponsored the event attended by over 150 MHFI employees and visitors from CBS and a variety of other corporations. Pride Month commemorates the historic 1969 Stonewall riots that were a major catalyst for the American LGBT movement. This year the White House officially declared the month of June LGBT Pride Month; however Pride is celebrated internationally throughout the year. Pride celebrations are most popular in the U.S., Canada, Australia, Latin America, and throughout Europe. John Berisford, Executive Vice President of Human Resources, MHFI and the Executive Sponsor to Spectrum, opened the event. He remarked on the hard work done by Spectrum and the LGBT community as a whole, noting as an example MHFI’s celebration of Global Spirit Day, a day to bring visibility to the bullying faced by LGBT


youth. He also congratulated Spectrum and other ERGs in raising more than $50,000 for AIDS Walk New York over the past three years, making MHFI one of the top 25 contributors to the fundraising and awareness event (read more here). Michael Atwood, Director of Client Marketing Operations at McGraw Hill Construction and Spectrum’s President, followed by thanking CBS for their second year of partnership on the event. Michael then spoke on the impressive progress of LGBT rights in recent years, such as the repeal of “Don’t Ask, Don’t Tell” and the fall of the Defense of Marriage Act, or DOMA. He then introduced Michelle Miller, an award-winning CBS news correspondent, and Nathan Schaefer, the Executive Director of Empire State Pride Agenda (ESPA) to much applause. Their discussion focused on the battles beyond marriage equality including transgender rights, rights for LGBT

families, and the battle against harmful conversion therapy. Michelle had the room smiling from the beginning as she engaged the audience in matching major landmarks in LGBT rights to their dates, from the 1948 Kinsey report to the repeal of DOMA last year. Nathan commented, “The achievements and victories we have seen in the past ten years are overwhelming.” The two took a deeper look at transgender rights and Nathan discussed the recent allowance for medically necessary transition related care for transgender individuals under The Affordable Care Act. He said that it was not only a huge victory for transgender rights, but also would be a catalyst for promoting understanding and educational conversations in all communities. Michelle and Nathan also discussed future LGBT legislation, such as ESPA’s current efforts to pass bills protecting the rights of LGBT families and transgender individuals in New York. Michelle shared her own experiences of reading books and watching theater that revealed the humanity and reality of the LGBT struggle for her. She emphasized how civil rights work is important because “there is a connection that we all share.” Nathan agreed and noted that ESPA tries to appreciate this connection by “listening to our community” and responding to the real concerns and problems LGBT New Yorkers face. Michael concluded the event by giving his thanks to the many people who made the event possible. He also thanked Olga Kozak, Manager, Employee Resource Groups, D&I, and Terri Austin, Chief Diversity Officer, D&I, for their continued support. Despite recent successes there is still a great deal of work to be done: gay marriage is still illegal in 33 states, one third of transgender New Yorkers have been homeless, and homosexuality is still criminalized in nearly 80 countries. Even so Michelle and Nathan were optimistic and brought a sense of community and hope to the event. Visit the Spectrum Buzz page to view the video of the event. Click here to join Spectrum.


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Awards & Recognition External recognition of MHFI’s commitment to diversity:

TOP 100 BEST COMPANIES FOR WORKING MOTHERS AWARD WORKING MOTHER MAGAZINE

100 BEST ADOPTIONFRIENDLY WORKPLACES DAVE THOMAS FOUNDATION FOR ADOPTION



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Contact Information Diversity & Inclusion McGraw Hill Financial 55 Water Street, 42nd floor New York, NY 10041 www.mhfi.com/about/diversity



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