Yesterday, Silicon Valley star PayPal released data on its racial and gender demographics for the first time. This comes during a very recent trend of the biggest companies in Silicon Valley releasing the sort of diversity data that has revealed a glaring lack of women and minorities in the tech industry. To tackle that disparity, possessing clear and accurate information is the first step. In a blog post, PayPal CEO Dan Schulman explained, “These are numbers we will share annually because we know that transparency is essential to fostering constructive dialogue, action, and progress.”

He went on, “Underlying all our commitment is the deeper goal of equal opportunity and treatment for all. We pursue this goal inside the company because we believe that an environment where all employees feel valued and empowered to offer their best ideas will make us a stronger, more successful company.”

Read the complete statement, including the demographic breakdowns in leadership and technical roles.