On this International Women's Day, Babcock Laboratories is proud to announce its recent designation as a Women-Owned Business! As a 100 percent Employee-Owned company, this status is not only unique, it is historic. It is our understanding that we are the first 100 percent Employee-Owned company (ESOP) to be granted Women Business Enterprise (WBE) status by the Supplier Clearinghouse.
Babcock Labs currently employs 70 talented and dedicated staff members. Of those 70 laboratory and administrative professionals, women make up 63 percent of our total workforce. As a 100 percent employee-owned company, this means that the majority of our owners are women. What's more, women make up 90 percent of our organization's management team. This is rather extraordinary for a STEM-field company and something to be proud of, as women still remain underrepresented in the science and engineering workforce in the United States.
Over the past 112 years, Babcock Labs has made significant strides toward equal opportunity and gender equity. Our new status as a Women-Owned ESOP marks yet another milestone along this journey.
As already noted, Babcock Labs has a very talented team of women and men who work hard each and every day to help protect public health and the environment. Today, as we join the world in celebrating the social, economic, cultural, and political achievement of women everywhere, we also celebrate and thank our entire Babcock Team for helping us ensure that our company continues to promote diversity, equality, and opportunity for all! Babcock Labs will continue to #PressforProgress, and we encourage others in our industry to do the same.