Intercontinental Exchange – Diversity Targets (2022)
The business case for workforce diversity is compelling. McKinsey & Company’s ongoing studies find that highly diverse executive teams have higher returns on equity and earnings performance than those with low diversity. Companies in the top quartile for gender diversity on executive teams were 25 percent more likely to have industry-leading profitability. Companies in the top quartile for ethnic/cultural diversity were 36 percent more likely to have industry-leading profitability. (1) A key finding is that ethnicity is consistently linked to higher outperformance than gender is. Leaders believe that finding diverse talent is the biggest challenge in changing workforce demographics. However, …
Burlington Stores – Chemical Policy Report (2022)
The costs of environmental chemical exposure to the health of the global economy raises significant concerns for investors. Economic costs are rising: a 2017 study showed that costs associated with environmental chemical exposures worldwide likely exceed 10 percent of global GDP, or 11 trillion dollars. (1) A 2021 study published in the journal Environmental Pollution estimates that premature deaths linked to a common class of chemicals found in food containers, cosmetics and children’s toys cost the US about 40 to 47 billion dollars annually in lost economic productivity. Regulatory risk is on the rise. Since 2018, 38 states (up from …
American Water Works Company, Inc. – Racial Justice Audit (2022)
To combat systemic racism, corporations should recognize and remedy industry- and company-specific barriers to everyone’s full inclusion in societal and economic participation. Racial gaps cost the U.S. economy an estimated $16 trillion over the past twenty years. (1) Closing the Black- and Hispanic-white wealth gaps could add 4-6% to American GDP by 2028. (2) One year after many companies made commitments to racial justice, the practical outcomes remain unclear. Fifty corporate pledges totaling $49.5 billion were characterized by a 2021 analysis as falling short of addressing systemic racism. (3) Shareholders lack independent assessments that racial equity strategies are impactful, address …
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