NOT FOR REPRINT
Which companies in the S&P rate highest for racial justice?
Slideshow November 30, 2020 at 10:15 AM
Share & Print
"What gets measured gets managed." So goes the famous quote attributed to Peter Drucker, the man acknowledged as the inventor of modern business management. But when it comes to diversity, equality and inclusion, many companies just don't seem to measure. A recent report from Mercer showed that while 81% of surveyed organizations said they were focused on improving DEI, only 42% reported having a multi-year, documented strategy to make it happen. These failings are not lost on shareholders, who often take it upon themselves to advocate for DEI initiatives, according to Mercer. "Companies disclose anecdotal stories of happy employees, but are hesitant to publish diversity and inclusion metrics," said Meredith Benton, workplace equity initiative manager for shareholder advocacy nonprofit As You Sow. "That's not how investors work; with material issues, we want to see data — the numbers." In an effort to provide companies with a clear picture of racial justice policies and workplace equity disclosures, As You Sow has released two scorecards rating the 250 largest companies in the S&P on these issues. The nonprofit hopes to identify best practices and encourage corporate leadership to take more active steps to improve DEI. The following companies rated in the top 10 on As You Sow's DEI Disclosure Scorecard: 
To establish this list, As You Sow, in collaboration with Whistle Stop Capital, measured key inclusion data for each company such as promotion and recruitment rates, as well as workforce compensation and explicit, quantifiable DEI goals. The research discovered that 71% of the S&P 250 release report workforce composition, but more data is available on gender than race. The energy sector has the highest percent of companies releasing some level of workforce composition, but there are only five energy companies in the S&P 250. Additional factors were used for the Racial Justice Scorecard. The research took into account whether companies made a visible racial justice statement that could be found on a corporate website or company social media. Community involvement was also measured, as well as acknowledgment of systemic racism. Which companies rated the highest on As You Sow's Racial Justice Scorecard, and how much overlap is there with the DEI Disclosure Scorecard? See our slideshow above to find out, and click here and here for the full studies. Read more:
To establish this list, As You Sow, in collaboration with Whistle Stop Capital, measured key inclusion data for each company such as promotion and recruitment rates, as well as workforce compensation and explicit, quantifiable DEI goals. The research discovered that 71% of the S&P 250 release report workforce composition, but more data is available on gender than race. The energy sector has the highest percent of companies releasing some level of workforce composition, but there are only five energy companies in the S&P 250. Additional factors were used for the Racial Justice Scorecard. The research took into account whether companies made a visible racial justice statement that could be found on a corporate website or company social media. Community involvement was also measured, as well as acknowledgment of systemic racism. Which companies rated the highest on As You Sow's Racial Justice Scorecard, and how much overlap is there with the DEI Disclosure Scorecard? See our slideshow above to find out, and click here and here for the full studies. Read more: NOT FOR REPRINT
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
