Diversity means the unique differences that shape our team and contribute to our success. It does not just include age, minority, and gender status, but it encompasses all of the unique things that make us different, including beliefs, religion, nationality, sexual orientation, disability, veteran experiences, gender identity, and education.
Equity means providing fair treatment through policies and practices that promote equal access and opportunity intended to level the playing field among our employees, partners, and customers.
Inclusion involves recognizing, embracing, valuing, and engaging different ideas, perspectives, and backgrounds into our everyday decisions, actions, and behaviors.
Great companies work to embrace a culture of diversity, equity, and inclusion, power innovation by valuing creativity, different thoughts, and ideas, and increase their understanding of the diverse communities they serve. In addition, they attract the best talent, work to identify and eliminate barriers to fair and equitable treatment at all levels, and engage and energize their workforce to achieve the company’s objectives and ultimately obtain measurable results. This doesn’t happen overnight; it takes a concerted effort to make diversity, equity, and inclusion part of our day-to-day lives.
Statement from Flagstar CEO Tom Cangemi
“We understand that addressing decades of inequality is a marathon, not a sprint. While we’re off and running, we are committed to making our company and the communities we serve better and more equitable for all.
Over the past few years, the groundwork was laid to create a culture where we talk openly about issues, but the journey is far from over. We must lend our voices to conversations centered on kindness, humanity, acceptance, equity, and creating an environment where we can all thrive. When our teammates believe they are heard and understood, it builds a sense of belonging and inclusion. When trust is present, teammates feel safe bringing their authentic selves to work. At Flagstar, we challenge each other to reach greater heights by utilizing our diverse talents and skill sets to help people succeed.
We are committed to continued growth, speaking out, and championing a more equitable future. We will continue to evolve in the ways that we recognize and celebrate the diversity of our teammates throughout the year.
I’m incredibly proud to be a part of our evolving cultural change as we drive progress in serving our diverse populations, both within Flagstar and throughout our communities.”
