WASHINGTON (AP) — Corporate policies meant to advance diversity and inclusion in the workplace are legal and should be expanded to promote broad economic...
WASHINGTON — Corporate policies meant to advance diversity and inclusion in the workplace are legal and should be expanded to promote broad economic prosperity and reduce racial wealth inequities, according to
The study is the result of the ensuing monthslong dialogue between the caucus and nearly half of Fortune 500 companies, as well as academics and business analysts, to develop guidelines that promote DEI and Black economic mobility in an increasingly fraught political and legal environment. It cited corporations facing a backlash to such policies from conservative activists and lawmakers.
DEI policies are official guidelines and programs meant to welcome people of various backgrounds into an organization and create a culture where they feel included to do their work. Such policies can be as broad or narrow as an organization decides and can focus on any demographic. The study invites companies to “collaborate legislatively” to develop laws that “create perpetual accountability for corporate America, help close this massive gap of inequality, and support the values of our caucus.”
“It is no longer acceptable to deliver promises without action,” the report reads. “The murder of George Floyd, like many other police-related killings preceding and following, shook our community and lit a fire of activism in parts of the nation that may have otherwise never stepped forward. Most of these corporations took advantage of that season of activism and publicly vowed to fight alongside us. It is now time to hold these corporations accountable.
George Floyd Steven Horsford Racial Equity Corporate America Fortune 500 Companies Racial Wealth Gap Economic Prosperity Racial Justice Corporations Economic Inequality
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