Zoetis Wins 2024 Catalyst Award

Rhea-AI Summary

Zoetis Inc. (ZTS) has been awarded the 2024 Catalyst Award for its global initiative 'Awareness and Action Drives Impact' aimed at advancing Diversity, Equity, and Inclusion (DE&I). As the first animal health company to receive this honor, Zoetis has demonstrated a commitment to fostering a diverse, inclusive environment. The company's efforts have resulted in significant increases in women's representation at various levels within the organization, including the Board of Directors.

• Prestigious award recognizes the company’s global initiative to advance Diversity, Equity and Inclusion (DE&I)
• Zoetis is the first animal health company to receive this honor

PARSIPPANY, N.J.--(BUSINESS WIRE)-- Zoetis Inc. (NYSE:ZTS) has been selected as a 2024 Catalyst Award recipient for its global initiative, Awareness and Action Drives Impact, that is advancing equity for women and other underrepresented groups across the company — from the frontlines to senior leadership. Zoetis is one of only two organizations receiving this global award and is the first animal health company to be recognized.

“We are truly honored to receive the 2024 Catalyst Award for our global DE&I initiatives,” said Kristin Peck, CEO of Zoetis. “At Zoetis, we embrace differences through intentional efforts that drive equity and belonging. Our DE&I efforts will only continue as we keep building a welcoming workplace and animal health industry that celebrates uniqueness – and enables us to make a positive impact on the lives of our colleagues and those who care for animals.”

Highlights that Catalyst featured as part of Zoetis’ recognition include:

• “Global culture, regional customization: Zoetis’ Core Beliefs and global focus on inclusion serve as guiding principles for fostering a sense of belonging and expanding opportunities across the globe. At the same time, the company makes specific efforts to address the unique needs of different regions.”

• “Frontline colleague inclusion: Women hold key leadership roles across Zoetis’ two primary frontline functions of manufacturing and sales, and career ladders and paths are available to all frontline colleagues. Everyone has access to an individualized development plan and support, and an understanding of how to advance, as well as opportunities to work on different projects or roles.”

• “Colleague Resource Groups (CRGs) are an important catalyst to foster a diverse, inclusive environment at Zoetis, while positively impacting the company’s business and community. The CRGs bring together colleagues who share similar backgrounds, experiences and interests to work toward common goals that align with Zoetis’ strategic business priorities. CRGs also play a tremendous role in helping leadership understand the obstacles that different groups face, while promoting allyship and generating ideas for solutions.”

• “Talent processes, both external-facing and internal-facing, have a powerful impact on representation and inclusion at Zoetis. External-facing processes include partnerships with INROADS and MANRRS to share the value of careers in animal health and increase the pool of underrepresented talent. Internal-facing processes include strong, intentional succession planning and access to sponsors, mentors, and leadership development opportunities.”

As a result of Zoetis’ global initiative, between 2020-2023 women’s global representation increased from 47% to 50% among senior and mid-level colleagues, and 44% to 49% (5 percentage points) in other levels of the organization, including frontline colleagues in manufacturing and sales. On the Board of Directors, women’s overall representation increased from 36% to 42% (6 percentage points), and the representation of women from marginalized racial and ethnic groups increased from 9% to 17% (8 percentage points).

Zoetis participated in a rigorous examination by Catalyst of the company’s talent, diversity, equity and inclusion initiatives requiring the company to show proven, measurable results that benefit women across a range of dimensions. This was followed by intensive on-site interviews to hear directly from colleagues about their experiences at Zoetis as a result of the multi-year, multi-faceted global initiative.

Zoetis will be honored at the Catalyst Awards Conference & Gala on Tuesday, March 12, in New York City. This year’s theme, The Catalyst Effect, celebrates the collective impact of individuals committed to diversity, equity, and inclusion — who together can create massive change.

Learn more

To learn more about Zoetis’ award-winning culture, visit www.zoetis.com/join-us. More information about the 2024 Catalyst Award can be found here.

About Zoetis

As the world’s leading animal health company, Zoetis is driven by a singular purpose: to nurture our world and humankind by advancing care for animals. After innovating ways to predict, prevent, detect, and treat animal illness for more than 70 years, Zoetis continues to stand by those raising and caring for animals worldwide – from veterinarians and pet owners to livestock farmers and ranchers. The company’s leading portfolio and pipeline of medicines, vaccines, diagnostics and technologies make a difference in over 100 countries. A Fortune 500 company, Zoetis generated revenue of $8.1 billion in 2022 with approximately 13,800 employees. For more information, visit www.zoetis.com.

About Catalyst

Catalyst is a global nonprofit supported by many of the world’s most powerful CEOs and leading companies to help build workplaces that work for women. Founded in 1962, Catalyst drives change with preeminent thought leadership, actionable solutions, and a galvanized community of multinational corporations to accelerate and advance women into leadership—because progress for women is progress for everyone.

Since 1987, Catalyst has recognized 108 innovative and pioneering initiatives at 96 organizations from around the world. Catalyst Award Winners lead a community of forward-thinking organizations that are developing new and impactful ways to advance gender equity in the workplace.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20240118247965/en/

Media:

Laura Panza

laura.panza@zoetis.com

1-973-975-5176

Jenielle Alonso

jenielle.alonso@zoetis.com

1-973-945-4333

Source: Zoetis Inc.

FAQ

What is Zoetis Inc.'s ticker symbol?

Zoetis Inc.'s ticker symbol is ZTS.

What is the 2024 Catalyst Award and why was Zoetis awarded?

The 2024 Catalyst Award recognizes organizations for their initiatives aimed at advancing Diversity, Equity, and Inclusion (DE&I). Zoetis was awarded for its global initiative 'Awareness and Action Drives Impact' that has led to significant increases in women's representation at various levels within the organization.

What are some key highlights of Zoetis' global DE&I initiatives?

Some key highlights of Zoetis' global DE&I initiatives include global culture with regional customization, frontline colleague inclusion, Colleague Resource Groups (CRGs), and talent processes aimed at increasing representation and inclusion.

What were the percentage point increases in women's representation at Zoetis between 2020-2023?

Between 2020-2023, women's global representation at Zoetis increased from 47% to 50% among senior and mid-level colleagues, and 44% to 49% in other levels of the organization. On the Board of Directors, women's overall representation increased from 36% to 42%, and the representation of women from marginalized racial and ethnic groups increased from 9% to 17%.

What is the significance of Zoetis' participation in the Catalyst examination?

Zoetis participated in a rigorous examination by Catalyst of the company’s talent, diversity, equity, and inclusion initiatives, demonstrating proven, measurable results that benefit women across a range of dimensions.