Diversity & Inclusion
The foundation of our commitment to diversity and inclusion was established nearly 40 years ago, along with our eight core values. Respect for all people is a top priority for the company, and maintaining The Home Depot's competitive advantage is directly tied to how well our associates reflect the diversity of our customers.
However, it's not enough for us to simply hire diverse talent. We also cultivate a culture where associates want to stay with The Home Depot and have opportunities to grow their career with us. Overall, an inclusive and respectful environment means all associates can bring their whole selves to work. This philosophy is the foundation for our continued efforts to promote associate engagement, as well as gain a better understanding of our customers and the communities we serve.
According to the U.S. Census Bureau, people of color, who currently make up about one-third of the U.S. population, will become a majority by 2042. The U.S. Hispanic population is expected to nearly triple by 2050, while the African-American and Asian populations are each expected to grow about 60 percent. The Home Depot is keeping up with these and other dynamic changes by hiring diverse talent, as well as being inclusive of all associates, no matter their race, age, gender, sexual orientation or military status. In fact, our workforce is more ethnically diverse than the U.S. working population, based on a comparison with U.S. Department of Labor data. We continue to make progress in our efforts to increase representation on our Board of Directors and in our executive ranks. Our diverse workforce will serve our customers for the next 30 years and beyond.
We have a responsibility to create a workplace where all of our associates can thrive. We strive to maintain an environment of mutual respect, free of discrimination and harassment. Inclusiveness, diversity, trust and honesty — all of our associates are entitled to these rights, and we are firmly committed to ensuring they have them the first time they put on their orange apron and every day thereafter.
We also know that the best way to serve a diverse customer base is to ensure diversity within our ranks and our supply chain. Since 2003, The Home Depot has actively sought a diverse set of suppliers in our sourcing and procurement process.