As part of our broader mission, JUST is engaged in a multi-year initiative to track and advance racial equity in corporate America by providing market participants with the tools and resources they need to incentivize action and build a more just and inclusive economy. This ongoing work includes polling the public to elevate their voice and priorities, working with partners to develop racial equity reporting standards, tracking corporate actions and best practices, producing research and analysis to reveal the ongoing state of play as well as the business and investor case for continued action, as well as collaborating with investors to incentivize investments in companies leading the way.
Tracking Diversity and Equity at America’s Largest Companies
In April 2021, JUST Capital launched a comprehensive Tracker of how the largest public U.S. employers are advancing racial equity within their workplaces and their communities – providing a clear picture of disclosure on 22 key measures of diversity, equity, and inclusion, from workforce demographics to pay equity to anti-discrimination policies.
- The Corporate Racial Equity Tracker
- A Running Tally of How Companies Are Advancing Racial Equity
- Corporate America, if You Want to Honor Your Commitment to Racial Equity, Now Is the Time to Embrace Transparency
Providing a Blueprint for Corporate Action
In May 2021, JUST Capital, PolicyLink, and FSG will announce an expansion of our partnership alongside a 2021 update to the CEO Blueprint for Racial Equity, which helps corporate leaders significantly advance racial equity across all of their domains of influence: inside the company, within communities, and at the broader societal level. Over the course of the next several years the partners will continue to evolve the Blueprint and develop new racial equity reporting standards. Those new standards around how to track and report progress in advancing racial equity will be featured in future iterations of JUST’s Corporate Racial Equity Tracker to continue to incentivize action toward a more just future.
- The 2020 CEO Blueprint for Racial Equity, created with PolicyLink & FSG
- What Companies Can Do to Combat Systemic Racism Against Black Colleagues in the Workplace
- Corporate America: Speaking Up on Systemic Racism Is Only the First Step. Now Let’s Act.
Polling the Public
“Cultivates a diverse and inclusive workplace with equal opportunity” has been one the top five issues for the public for the last several years in our annual survey work, and more than half of respondents agreed that this issue became more important in 2020 than in the year prior, demonstrating racial equity should be a significant part of defining just business behavior. We continue explore and lift up the public’s voice on this critical issue through ongoing public opinion research:
- 95% of Black Americans Agree That It’s Important for Companies to Promote Racial Equity. 80% Believe They Can Do More.
- Black Americans Have Spoken: Corporations Must Maintain Racial Equity as a Priority and Continue Taking Action
- The American Public Wants Companies to Take Action on Advancing Racial Equity – Especially Black Americans
Analyzing Diversity Data and EEO-1 Reports
While the EEO-1 Report is not a panacea for diversity, it is the gold standard and the first best step we have to understand the state of representation in corporate America today. Explore into our ongoing analysis here:
- Beyond Demographic Disclosure The State of Gender and Racial Representation at America’s Largest Companies
- A Small Fraction of Companies Share Diversity Data, but Disclosure Is Rapidly on the Rise
- How Momentum Around EEO-1 Report Disclosure Took Off and Why Companies Should Disclose the Form to Help Advance Racial Equity
- Why EEO-1 Disclosure Is a Way to Hold Companies Accountable for Racial Equity Commitments
- How Business Roundtable Companies Have Responded to Four Critical Issues Advancing Racial Equity in the Workplace
- What Does Representation Look LIke for Black and Brown Employees at 17 of America’s Largest Companies?
- Breaking the Silence on Racial Injustice Is the First Step. The Next Is Disclosing Workforce Demographics
Activating and Collaborating with Investors
Over the last two years, JUST has been ramping up collaborations with investors to incentivize disclosures – including work with NYC retirement systems on EEO-1 disclosures and with Illinois and Connecticut State Treasureres on board diversity data disclosures – as well as drive investments towards companies leading the way.
- How Corporate Transparency on Racial Equity is Driving Investment Decisions
- Natixis Investment Managers’ AIA Racial Equity Portfolios, utilizing JUST data
- Chart of the Week: Industry Leaders Are Embracing the “Gold Standard” of Diversity Disclosure
- Chart of the Week: Companies Embracing Full Disclosure of Workforce Diversity Continue to Outperform Peers
- Chart of the Week: Companies That Embrace Full Disclosure on Workforce Diversity Outperform Their Peers
Committing to Racial Equity at JUST
In all of our areas of focus, JUST Capital aims to practice what we preach – and following the events of summer 2020, JUST Capital made a statement in support of Black Lives Matter and announced a series of actionable commitments to fostering greater racial equity in our own workplace, from auditing the demographic composition of our workforce to conducting a pay equity analysis to diversifying our board. We will share our progress on these commitments in summer 2021.
Showcasing Leadership & Additional Analysis
- Black Women Have Long Been Champions of Stakeholder Capitalism at America’s Largest Companies – Here are 9 Currently Leading the Way
- Activist DeRay McKesson: If You Take Black Lives Matter Seriously, Now Is the Time to Step Up As a Corporate Citizen
- Companies Making Racial Equity Commitments Must Consider Their Environmental Impact on Marginalized Communities
- These Are the Corporate Responses to the George Floyd Protests That Stand Out
- Unfinished: Creating an Economy That Can Work for All
- Why companies must address systemic inequalities in the workplace