Jacobs Launches Global Action Plan for Advancing Justice and Equality
DALLAS, Aug. 3, 2020 /PRNewswire/ -- Jacobs (NYSE:J) has launched a global Action Plan for Advancing Justice and Equality, which builds on Jacobs' existing global inclusion and diversity strategy, TogetherBeyondsm, and sets actionable initiatives and measurable objectives in the company's continuing efforts to address embedded and systemic racial inequities.
"This action plan is about achieving true equality for all of our employees current and future – with a focus on ensuring Black employees have the tools needed to advance and achieve their ultimate goals at Jacobs," said Jacobs Chair and CEO Steve Demetriou. "Using the power of Jacobs' strong underlying culture of inclusion and diversity to drive innovation in solutions means higher value for our employees, our customers and communities, and inevitably, higher returns for our shareholders."
Employees initiated the development of the action plan with a team who collaborated alongside Jacobs' Board of Directors and Executive Leadership Team to outline three key sets of commitments and specific, measurable actions with performance outcomes:
No. 1 – Amplify culture of belonging
No. 2 – Recruit, retain and advance Black employees based on merit
No. 3 – Contribute to structural change in the broader society
"Advancing justice and equality requires strong leadership and a relentless drive to deliver on the vision," Demetriou said. "Jeff is the right person to lead this important work and grow a culture where employees want to join, stay and thrive.
"Ultimately, contributing to structural change at Jacobs and the broader society is about doing our part as a global leader, leveraging our scale within the industry to set the tone and influence peers. We must create a culture in which every person can access a future of opportunities. The time is now for us to get this right – once and for all."
About Jeff Dingle
Certain statements contained in this press release constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management's current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements, including, but not limited to, the impact of the COVID-19 pandemic and the related reaction of governments on global and regional market conditions and the company's business. For a description of some additional factors that may occur that could cause actual results to differ from our forward-looking statements, see our Annual Report on Form 10-K for the year ended September 27, 2019, and in particular the discussions contained under Item 1 - Business; Item 1A - Risk Factors; Item 3 - Legal Proceedings; and Item 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations, and our Quarterly Report on Form 10-Q for the quarter ended June 26, 2020, and in particular the discussions contained under Part I, Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations; Part II, Item 1 - Legal Proceedings; and Part II, Item 1A - Risk Factors, as well as the company's other filings with the Securities and Exchange Commission. The company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.
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