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IDEA Commitment
Greylock’s board, management and staff are 100% committed to our IDEA principles – Inclusion, Diversity, Equity, and Accessibility. In fact, our board of directors recently voted to approve a 5-year action plan to ensure inclusion, diversity, equity, and accessibility in our products, processes and practices.
Inclusion –
Recognize the value in diverse perspectives and experiences and encourage active and positive contributions within and around Greylock
Diversity –
Represent and reflect the community within staff, board and member base
Equity –
Meet the needs of the diverse community of members and employees and reduce the negative impact of social inequalities
Accessibility –
Develop programs and services for all members and employees that provide access to a quality of life that meets the overall wellbeing of a thriving community
The Four Pillars of Greylock’s IDEA work
Education, Advocacy and Action
One-Year Goals:
- Greylock board adopts a formal diversity, equity, and inclusion (DEI) policy
- All Greylock employees and directors receive cultural competency training
- Partnerships/processes ensure ongoing training and refreshers to all employees and directors
- Managers engage in regular and intensive anti-bias and IDEA training
- Employees have access to a library of timely IDEA articles and resources
- Greylock’s IDEA goals, metrics, and initiatives are transparent and visible to the public
Three-Year Goals:
- Managers master cross-cultural management practices
- Greylock is a reliable partner for national and regional DEI advocacy
- Greylock has formal relationships with credit-union focused organizations that support ongoing research, best practices, and continuous improvement related to DEI
Five-Year Goals:
- Inclusive management practices and DEI leadership create clear competitive advantages for Greylock
Inclusive Products and Services
One-Year Goals:
- Greylock’s community partnerships promote shared goals of increased Black and immigrant home ownership
- Greylock is a leader in identifying and creating change around implicit bias in credit scoring and availability of funds
Three-Year Goals:
- A regular calendar of educational events tailored to communities of color is maintained
- Products reflect community and member needs as identified by community partners and Community Development Credit Union (CDCU) best practices
- The diversity of members and customers reflect that of the greater community in all areas of business; including lending, insurance, and wealth management
- Greylock promotes and supports immigrant and black entrepreneurship
Five-Year Goals:
- Greylock’s inclusive products and services create a clear advantage in growth and profitability
Inclusive Hiring and Employee Practices
One-Year Goals:
- Hiring managers practice inclusive coaching
- A robust Cultural Advisory Committee (CAC) operates effectively in a COVID-19 environment
- Greylock’s hiring practices are strengthened and streamlined based on inclusive processes
Three-Year Goals:
- The CAC has regular interaction with Greylock’s senior leadership team
- Multiple employee affinity groups operate at the recommendation of the CAC and in keeping with industry best practices
Five-Year Goals:
- The diversity of Greylock’s management team reflects that of the greater community
Inclusive Community Partnerships
One-Year Goals:
- Community support and investment decisions are made transparently
- Recipients of Greylock’s support establish their own DEI commitments
- Greylock practices continuous improvement strategies with partners to promote IDEA values throughout the community
- Greylock establishes methods and key performance indicators (KPIs) for increasing vendor relationships with Black-owned, minority and/or women-owned business enterprises (MWBE) and veteran-owned businesses
Three-Year Goals:
- Achieve KPIs for MWBE and veteran-owned businesses through a strategic vendor management program
- Greylock leaders advance DEI initiatives throughout the community through participation in DEI focused volunteer leadership opportunities
Five-Year Goals:
- All of Greylock’s community investments support actions that insure inclusion, diversity, equity, and accessibility
- Greylock maintains a matching fund to amplify employee contributions to designated anti-racism partnerships