Companies show little progress on diversity a year after committing to BlackNorth Initiative

Companies show little progress on diversity a year after committing to BlackNorth Initiative

A vast majority of companies that made a high-profile public commitment last July to combat anti-Black systemic racism by boosting diversity within their ranks and elevating Black people to leadership roles have shown little or no tangible progress in meeting those goals a year later, a Globe and Mail analysis has found. The companies are signatories of the BlackNorth Initiative, created by Bay Street entrepreneur and philanthropist Wes Hall last summer at the height of Black Lives Matter protests across North America. The initiative challenged CEOs to tackle systemic racism over five years, primarily by hiring more Black people and elevating existing Black employees to senior leadership roles. At its launch on July 20, 2020, 209 companies – including corporate heavyweights such as Rogers Communications Inc., Air Canada, Bank of Nova Scotia and many more – signed on to the initiative. But a year later, a Globe survey of responses from 105 of the 209 companies has found a substantial number of them have neither increased the number of Black employees in their work force nor elevated Black people to executive roles or to the board level during the first year of the commitment. Many of the signatories say they did not track data on race prior to this past year, so could not demonstrate whether they have come closer to the goals set out in the initiative.

Lack of action on diversity in Canada.

https://www.theglobeandmail.com/business/article-companies-show-little-progress-on-diversity-a-year-after-committing-to/

Related Articles