Additional report findings

More than half of the Fortune 500 boards now have 40% of their seats held by White women and individuals from underrepresented racial and ethnic groups. Between 2020 and 2022, an additional 81 companies moved into this group, for a total of 281 companies. Currently, just four companies have boards where less than 10% of directors are White women and/or individuals from underrepresented racial and ethnic groups.
Across industries, gender diversity on boards was highest for consumer businesses (32%) and lowest for energy, resources and industrials (27%). In terms of racial and ethnic diversity, life sciences and health care leads in representation (25%), while energy, resources and industrials is the lowest (19%).
The power and utilities sector has the highest percentage of African American/Black directors; the technology sector has the highest rate of Asian/Pacific Islander directors; and the energy and chemicals sector had the highest percentage representation of Hispanic/Latino(a) board members.
For the Fortune 100, women from underrepresented racial and ethnic groups saw significant increases, gaining board seats. The largest percentage gain in seats between 2020 and 2022 was Hispanic/Latina board members, with 45.5% growth. African American/Black women saw a growth of 38.1%, and Asian/Pacific Islander women saw a growth of 23.5%. These are significantly larger percentage increases than the three groups saw from 2018 to 2020.
Fifty-three companies in the Fortune 500 now have greater than 60% of their board seats filled by women and individuals from underrepresented racial and ethnic groups, the highest level to date.
When compared to the current estimates of the U.S. census populations, only 16 companies have boards with 50% or more women. Only 13 companies have 18% or greater Hispanic/Latino(a) representation. Two hundred and four companies have 13% or greater representation of
African American/Black board members. Two hundred and eleven companies have 6% or greater Asian/Pacific Islander representation.

Key quotations

Deloitte "Missing Pieces" Diversity Report Shows Continued Focus Necessary

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