Company: ELV
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001156039-25-000046
Chunk: 83

Company: Elevance Health, Inc.
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 83
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 it would not provide our shareholders with meaningful additional information, and its preparation would not be an appropriate use of Company resources. Accordingly, after careful consideration, the Board recommends that shareholders vote “AGAINST” this proposal for the following reasons:

We already provide shareholders and other stakeholders with significant data regarding the composition of our workforce.

Elevance Health publicly discloses significant workforce composition information for investors and other stakeholders. For example, we annually disclose our consolidated EEO-1 report data, a U.S. Department of Labor filing that contains prior year gender, racial and ethnic composition of our U.S. workforce by EEO-1 job category. We also include race and gender information for our board in our proxy statement, and we provide additional meaningful disclosure regarding the composition of our workforce in our annual Impact Report. We believe these disclosures already provide investors with necessary and appropriate information to determine the effectiveness of our workforce practices and policies.

Our U.S. workforce represents the diverse consumers and communities we serve.

Our workforce embodies a multitude of dimensions, including skills, experiences, age, tenure, gender, race, ethnicity, physical abilities and geographic location. Of our U.S, workforce, 77% are female and 50% are racially or ethnically diverse. Our Board of Directors is diverse in terms of background, expertise, age and tenure, and more than 70% of the directors are diverse based on gender, race and/or ethnicity.

Elevance Health has taken significant steps to cultivate and maintain a fair and inclusive workplace where all associates have the opportunity to succeed.

At Elevance Health, we believe that our workforce is our greatest asset, and we seek to attract, retain and nurture talent across all cultures, backgrounds, lifestyles and experiences. Our efforts focus on comprehensive opportunities for professional development and a robust benefits program. In our recruitment efforts, we focus on interviewing, and selecting the most qualified candidates.

We are also committed to providing our associates with the support, resources and opportunities for development needed to help them flourish. We accomplish this by providing comprehensive training and development programs and a commitment to our business resource groups ("BRGs"), which provide associates meaningful opportunities to connect, collaborate and grow. Over 20% of our U.S. workforce participates in one or more our nine BRGs. We also provide comprehensive training and development programs, focusing on professional growth and competency enhancement in the ever-evolving healthcare sector. These specialized programs promote a culture of continuous learning and career progression, equipping our associates with the necessary skills and knowledge to excel in their roles.

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