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July 25, 2022
Yuan Li embraces inclusive leadership in her role as a Head of Finance. She coaches her team to achieve the goals with a visible commitment to foster a diverse, inclusive, and equitable workplace in the Greater China market. In this interview, she highlights the importance of DE&I within the organization since it elevates collaboration, engagement, retention, and satisfaction.
Diversity, Equity & Inclusion is highly valued within Signify. It’s looking at the differences between us and acknowledging how they make us unique. These differences can come in visible and invisible forms such as national origin, race, generation, gender, disability, socioeconomic background, culture, or personality type.
In detail, our workforce comes from more than 90 national origins. We recognize all our employees with different backgrounds by raising more awareness through local initiatives to promote an inclusive culture.
Looking at the data, we know that we have work to do to increase underrepresented groups in our workforce. That’s why we’re committed to improving the representation of women and early career talents through hiring and mentoring programs.
Our mindset is mainly based on our own experiences and identities formed through our culture, gender, generation, and many more elements. Diversity helps us get out of our comfort zone. When the inclusive culture combines it, it drives innovation and allows us to think outbox by drawing on our workforce's diverse perspectives, skills, and experiences.
It enhances employee collaboration, engagement, retention, and satisfaction.
When I worked in Europe, I led a project to set up an FP&A center of excellence for all European markets, centralized in the Netherlands. I remember I had a CoE Team from eight different countries; this diversified team brought a lot of innovative ideas and significant energy to improve the process. We actively listened to each other and incorporated different ideas.
The team worked very well together; having sparkling ideas from various cultures created a strong foundation. Market leaders appreciated our practices; the team delivered great results to support business decisions. This experience taught me the importance of integrating diverse perspectives, and I’m constantly looking for ways to foster inclusion in my teams.
We have country-level Townhall and Coffee Corners to share company information, and employees can openly raise any question via the platform. We request team managers to organize team dialogues dialogue as well as the DE&I program regularly to ensure team members can exchange and share their opinions & insights.
We also arrange one on one talk, mentoring programs to ensure everyone can be heard.
Signify Corporate Communications
Email: communications@signify.com
Signify (Euronext: LIGHT) is the world leader in lighting for professionals, consumers and the Internet of Things. Our Philips products, Interact systems and data-enabled services, deliver business value and transform life in homes, buildings and public spaces. In 2023, we had sales of EUR 6.7 billion, approximately 32,000 employees and a presence in over 70 countries. We unlock the extraordinary potential of light for brighter lives and a better world. We have been in the Dow Jones Sustainability World Index since our IPO for seven consecutive years and have achieved the EcoVadis Platinum rating for four consecutive years, placing Signify in the top one percent of companies assessed. News from Signify can be found in the Newsroom, on X, LinkedIn and Instagram. Information for investors is located on the Investor Relations page.
