The Cigna Group Ranks No. 7 in Fair360 Top 50 Companies

Rhea-AI Summary

Global health company The Cigna Group (NYSE: CI) has climbed to No. 7 on Fair360's 2024 Top 50 Companies list, improving by seven spots from 2023. The ranking highlights The Cigna Group's commitment to workplace fairness, diversity, and community support. Key accomplishments include surpassing their $1 billion annual spending goal with small and diverse businesses by $400 million ahead of schedule, and pledging $1.6 billion annually by 2025. The company also announced a new philanthropic initiative, committing $27 million in grants over three years to support youth mental health, veterans' housing stability, and health equity in high-risk communities.

Positive

• The Cigna Group improved by seven spots to No. 7 on Fair360's 2024 Top 50 Companies.
• Surpassed the $1 billion annual spending goal with small and diverse businesses by $400 million ahead of schedule.
• Pledged to spend $1.6 billion annually with diverse suppliers by 2025.
• Announced a $27 million philanthropic initiative focused on youth mental health, veterans' housing, and health equity.
• Recognized for leadership accountability, human capital, and talent programs.

Negative

• The press release does not mention financial performance or how these initiatives impact profitability.
• No specific metrics provided on the direct effect of these social initiatives on the company’s stock performance.

Overall ranking increased seven spots from 2023, reflecting the enterprise's actions to bolster the vitality of The Cigna Group's workforce and the communities it serves

BLOOMFIELD, Conn., May 14, 2024 /PRNewswire/ -- Global health company The Cigna Group (NYSE: CI) announced today that it is No. 7 on Fair360's 2024 Top 50 Companies – seven spots higher than last year's ranking – demonstrating The Cigna Group's long-standing and deep commitment to equal opportunity for all. Fair360 announced its 2024 Top 50 honorees this week, recognizing The Cigna Group for its workplace practices, philanthropy, leadership accountability, supplier fairness, human capital, and talent programs.

"This recognition is a testament to our continued dedication to fostering vitality and well-being within our workforce for all of those we work alongside, and within our communities for those we serve. We're committed to valuing our stakeholders' diverse backgrounds, perspectives, needs, and experiences, which supports better decision-making, greater innovation, and higher levels of engagement," said Geneva Brown, vice president of Environmental, Social, and Governance (ESG) and Diversity, Equity, and Inclusion (DEI) at The Cigna Group. "We are proud of our progress and recognize there is always more work that can be done to make our business and the world more inclusive and equitable."

The Fair360 Top 50 Companies list recognizes large U.S. employers that model fairness in their talent strategies, workplace and supplier diversity practices, and philanthropic engagement. This year, 160 employers with a total of about 7.3 million U.S. employees submitted data and metrics for the survey.

"I'm delighted to recognize the companies on the Top 50 list for their ongoing commitment to workplace fairness," said Luke Visconti, founder and chairman of Fair360. "The data shows that over the long term, companies that consistently put their employees first and have strong track records of respecting and embracing diversity, equity, and inclusion are stronger performers and better equipped to adapt to market conditions."

The Cigna Group works to bolster the vitality of its workforce and the communities it serves by fostering inclusion, enabling better innovation, and creating solutions to deliver on our mission. This includes:

Increasing supplier diversity: Late last year, The Cigna Group surpassed its goal of $1 billion in annual spending with small and diverse businesses in the United States by roughly $400 million, about 2 years ahead of schedule. The Cigna Group has expanded its commitment to spend even more with diverse suppliers: $1.6 billion annually in 2025.

Building healthier communities: The Cigna Group remains committed to improving the health and vitality of the communities it serves through charitable giving. The company recently announced a multiyear philanthropic and community engagement initiative focused on youth mental health, housing stability for veterans, and health equity. As part of this initiative, The Cigna Group Foundation will provide $27 million in grants to nonprofit organizations over the next 3 years, prioritizing grants in regions where The Cigna Group serves a significant number of customers with high and very high social determinant of health risks.

About The Cigna Group
The Cigna Group (NYSE:CI) is a global health company committed to creating a better future built on the vitality of every individual and every community. We relentlessly challenge ourselves to partner and innovate solutions for better health. The Cigna Group includes products and services marketed under Cigna Healthcare, Evernorth Health Services, or its subsidiaries. The Cigna Group maintains sales capabilities in more than 30 countries and jurisdictions and has more than 187 million customer relationships around the world. Learn more at thecignagroup.com.

Media Contact
Jocelyn Parker
(313) 510-4173
media@evernorth.com 

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SOURCE The Cigna Group

FAQ

What ranking did The Cigna Group achieve on Fair360's 2024 Top 50 Companies list?

The Cigna Group achieved the No. 7 ranking on Fair360's 2024 Top 50 Companies list.

By how many spots did The Cigna Group improve in the 2024 Fair360 ranking?

The Cigna Group improved by seven spots in the 2024 Fair360 ranking.

What is The Cigna Group's stock symbol?

The Cigna Group's stock symbol is CI.

What new philanthropic initiative did The Cigna Group announce?

The Cigna Group announced a $27 million philanthropic initiative focused on youth mental health, veterans' housing stability, and health equity.

How much did The Cigna Group exceed its supplier diversity spending goal?

The Cigna Group exceeded its supplier diversity spending goal by $400 million.

What is The Cigna Group's new annual spending goal with diverse suppliers by 2025?

The Cigna Group's new annual spending goal with diverse suppliers is $1.6 billion by 2025.