There’s One Diversity Initiative Companies Aren't Likely to Backtrack On

09/26/2023 14:32
There’s One Diversity Initiative Companies Aren't Likely to Backtrack On

The murder of George Floyd spurred companies to be more open about the racial makeup of their workforces

The corporate reckoning that followed the 2020 murder of George Floyd has led to a historic new era of transparency. Just three years on, most of the largest US companies are sharing data on the race and gender makeup of their workforce — information that many of them previously only gave privately to the federal government. Despite the recent debate over the future of diversity efforts in American workplaces, experts expect the recent trend for openness to continue.

In October 2020, when we first started asking S&P 100 companies to release the data that they submit to the US Equal Employment Opportunity Commission, just 25 of them agreed. This year, some 97 of those companies provided their most recent data, either in filings, on their websites, or directly to Bloomberg News. Two more have agreed to do so in the next couple of years.

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There’s One Diversity Initiative Companies Aren't Likely to Backtrack On

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