Data is powerful. A diverse team leads to higher revenue and better solutions, by Rosa Maria Rojas, MSc., Assistant Professor of Practice, Mining and Geological Engineering (MGE) University of Arizona – DMMM3 Co-chair
According to the “Decoding Diversity: The financial and economic returns to diversity in tech” study, Intel - The business case for gender diversity in the leadership of the tech industry is strong. The report finds that representation at the leadership level correlates with 13-16 percent higher enterprise value controlling for company revenues, profitability, size and age. Also, every one percent point increase in racial/ethnic diversity at a tech company is link with 0.3-0.4 percentage point increase in operating margin.
The 3rd Summit on Diversity in the Minerals, Metals, and Materials Professions (DMMM3) will take place at the University of California, Santa Barbara, CA from July 23–24, 2018
“We have some very ambitious goals in the works. If successful, I believe we can transition the diversity summit from a standalone event into a launch pad of meaningful commitments that genuinely impact diversity across multiple sectors, companies and institutions.”, said Jonathan D. Madison, PhD, DMMM3 Chair.
DMMM3 summit will to continue the progress made at the first and second summits on Creating and Sustaining Diversity in the Minerals, Metals, and Materials Professions.
The first two summits were sponsored by TMS and Co- sponsors by SME, AIME, SWE, the Department of Energy, Basic Energy Sciences and the National Academy of Engineering and their Corporate Partners Newmont, Caterpillar, Ford, GM, Battelle, Timkensteel, Chimad and Northwestern MRSEC.
The summit working sessions were divided into government, academia, and industry sectors to focus discussion on the diversity issues unique to each workplace environment. Speakers were executives and professionals from Caterpillar Global Mining, Newmont Mining Corporation, NASA, U.S. Department of the Treasury, Luck Stone, The Boeing Company among many other recognized organizations, including government and academia.
The DMMM3 program structure consist on plenary and keynote sessions, professional level focus, demographics focus and sphere of influence focus sessions.
The solutions-driven programming of DMMM3 will focus on the following concepts:
- Engaging participants on the most recent social-science findings in the areas of diversity and inclusion while exploring current issues and potential solutions.
- Measuring progress and ensuring positive outcomes for all through the establishment of well informed and proactive measures and metrics.
- Transforming the professional community by implementing changes in workplace cultures and policies.
In the Executive Leadership Sessions, executives representing a broad cross-section of industries will discuss actions, policies and initiatives related to diversity and inclusion and the role leadership plays in their formation and execution. Presenters will also discuss the influence of company culture as a sustaining or combating force to these initiatives and what leadership can do to influence the balance.
General Electric (GE) Aviation, General Manager, Luana Lorio, PhD and her team will present the GE advancements and launched initiatives regarding growing a diverse workforce and ensuring an inclusive environment for their employees.
We are still calling for speakers to present at the DMMM3 Executive Leadership Session. Executives from the Mining and Materials Industries may present highly valuable information regarding their companies’ strategies on the topics of diversity and inclusion policies and culture:
- Case studies or examples of successful diversity initiative implementations within your company or beyond.
- Learnings from corporate records on how best to gather, record and measure diversity among employees relative to ethnicity, race, LGBT or cross-cutting demographic status.
- Learnings from HR & talent acquisition on recruiting and RETAINING persons with some status outside of the mean of a site or business’ majority population.
Make a difference and be part of the change. #Diversity2018 www.tms.org/Diversity2018.
For further questions about the summit, please e-mail myself, TMS Meeting Services, or call 1–800–759–4867. We look forward to hearing from you.