Carlyle Group Inc. is awarding a total of about $2 million to more than 50 executives and other employees globally who are excelling at goals tied to diversity, equity and inclusion.

The purpose is to “reward a group of employees who have gone above and beyond,” Sandra Horbach, a Carlyle managing director and co-head of U.S. buyout and growth, said in an interview. “It’s not about the dollars here, it’s about the recognition, and celebrating contributions while inspiring others to stand up to take more of a leadership role in driving DE&I.”

The private equity firm on Monday will inform recipients about their awards, which are in addition to the company’s regular bonuses and its existing commitment from earlier this year to tie worker bonuses to diversity goals. Employees nominated almost 200 people, and the firm is considering expanding the amount made available for future years.

Read more/Source: Bloomberg