Meijer will give $1 million in contributions to 19 Urban League chapters throughout the Midwest as part of its expansion of its diversity and inclusion efforts. Rick Keyes, Meijer's president and CEO, said the donations will strengthen "our D&I efforts and applaud the National Urban League's commitment to provide economic empowerment, educational opportunities and the guarantee of civil rights."
Wine educator and Slik Wines founder Kyla Peal takes note of how restaurants' plans to reopen during the pandemic should also focus on how to make the industry more equitable, "which means allowing employees, especially Black and brown ones, to flourish within the establishment," said Peal. "It's not only important to have a diverse group working in the restaurant -- it's also about getting them into positions of management and giving them space to reimagine how the restaurant functions," she added.
The Children's Defense Fund, the Harvard T.H. Chan School of Public Health, Robin Hood and the leaders of companies such as Starbucks and Goldman Sachs have formed the NinetyToZero initiative with the goal of eliminating the estimated 90% wealth gap between white and Black Americans. Doing away with the racial wealth gap could add $1.5 trillion to the US GDP within 10 years, per McKinsey.
Shareholders are filing an increasing number of proposals requesting that companies diversify their ranks or release diversity data. Only half of S&P 500 businesses reported information about board diversity last year, according to Glass Lewis, but analyses suggest that women and people of color remain underrepresented on boards.
Gallegos United founder and CEO John Gallegos and Crossmedia founder and CEO Kamran Asghar have formed a new agency dubbed United-X that's designed to reach the increasingly diverse American consumer base. "Where multicultural might be perceived today as a volume minority, when you look at it from a growth perspective, it flips, [and] multicultural is the growth majority," Gallegos says.
Enter to win $50 for a charity of your choice We are seeking input from those in foodservice and hospitality to better understand the current attitudes about the state of diversity, equity and inclusion in the industry. Results will be included in a report that will identify action steps for the industry in exploring anti-racism initiatives and instilling sustainable programs. Take the survey.
Hilton has shared its plan to hit 25% racial diversity in leadership positions by 2027, with initiatives that include having 50% of interview candidates for any given open position coming from diverse backgrounds. "Our vision is to have fully inclusive and diverse teams," said Chief Human Resource and Executive Vice President Officer Laura Fuentes. "It's not like we want to get to 25% [ethnic diversity in leadership] and stop there."
Ventures that are diverse, equitable and inclusive have higher revenue, better problem-solving abilities and improved innovation and productivity than those that don't have a DEI focus, writes entrepreneur and investor Donald Thompson. Start working to be more inclusive first, Thompson suggests, while also continuing to learn and bringing in more diverse new hires and vendors.
Prox CEO Michael Mathieu shares how he succeeds in Silicon Valley and how he tries to raise awareness of racial challenges without becoming discouraged. "[I]f you focus on waking up every day thinking, hey, it's going to be a great day, I'm going to have positive interactions, let me be present in that moment, then it's not daunting," he says.
Take a human approach to diversity, equity and inclusion by avoiding labels, helping people feel like they belong and promoting trust and openness, writes Soo Bong Peer. "Our continuing racial divide should be the catalyst for leaders to consider an alternate diversity paradigm -- balancing intangible human elements while complying with mandates to produce tangible results," she writes.