by Stephen Garner

Gap Inc.

Gap Inc.’s CEO Art Peck will accept the 2016 Catalyst Award on the company’s behalf at the 2016 Catalyst Awards event held in New York City. In selecting Gap Inc. for this year’s award, Catalyst, a leading nonprofit organization accelerating progress for women, recognizes Gap Inc.’s culture of equality and dedicated efforts related to the advancement of women, including employees, customers, and within the broader community.

Today, women make up more than 70 percent of Gap Inc.’s worldwide employee base, including a similar percentage of its store managers and the CEO’s senior leadership team. Additionally, women currently lead four out of five Gap Inc. brands. In 2014, Gap Inc. became the first Fortune 500 company to announce that it pays female and male employees equally for equal work around the world.

The Catalyst Award also recognizes Gap Inc.’s signature education and life skills program for women, called P.A.C.E., which stands for Personal Advancement & Career Enhancement. P.A.C.E. is currently active in 12 countries. More than 35,000 women have participated in the program since 2007, and Gap Inc. has made a commitment to scale and expand the program to reach one million women by the end of 2020.

“Gap Inc. is committed to a culture of equality, where everyone has the opportunity to stand as equals and thrive,” said Peck. “This tradition was established by our co-founders Doris and Don Fisher, who opened the first Gap store in 1969 as equal partners. We are honored and grateful to receive the 2016 Catalyst Award, and we remain committed to the values of equality and inclusion, which unlock new possibilities for our company and the people touched by our business around the world.”