The Travelers Companies, 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 …
SVB Financial Group – 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 U.S. GDP by 2028. (2) More than one year after many companies made commitments to racial justice, the practical outcomes remain unclear. Fifty corporate pledges totaling $49.5 billion were characterized as falling short of addressing systemic racism after an August 2021 analysis. (3) Shareholders lack independent assessments that racial equity strategies …
TJX Companies Inc. – Reproductive Rights (2022)
Access to abortion is being challenged at the state and federal level in the U.S. A patchwork of laws regulates access to abortion and broader reproductive rights. Since 2011, state legislatures have passed more than 600 restrictive laws. Other states have enacted legislation that protects these rights. Eleven states ban abortion coverage in all state-regulated private insurance plans, while six states require private insurance plans to cover abortion. TJX Companies, Inc. (“TJX”) has operations in all fifty states, subject to this patchwork of laws. Should Roe v. Wade be weakened or overturned, as is widely anticipated, TJX employees will face …
Target – Paid Sick Leave (2022)
Whereas: More than 26 million people working in the private sector have no access to earned sick time, or “paid sick leave” (PSL), for short-term health needs and preventive care. (1) Working people in the United States face an impossible choice when they are sick: stay home and risk their economic stability or go to work and risk their health and the public’s health. The vast majority (77 percent) of the lowest earning 10 percent of American employees do not have access to PSL. (2) 48 percent of Latinx workers and 36 percent of Black workers report having no paid …
LHC Group, 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 U.S. GDP by 2028. (2) More than one year after many companies made commitments to racial justice, the practical outcomes remain unclear. Fifty corporate pledges totaling $49.5 billion were characterized as falling short of addressing systemic racism after an August 2021 analysis. (3) Shareholders lack independent assessments that racial equity strategies …
CVS Healthcare – Paid Sick Leave (2022)
Whereas: More than 26 million people working in the private sector have no access to earned sick time, or “paid sick leave” (PSL), for short-term health needs and preventive care. (1) Working people in the United States face an impossible choice when they are sick: stay home and risk their economic stability or go to work and risk their health and the public’s health. The vast majority (77%) of the lowest earning 10% of American employees do not have access to PSL. (2) 48% of Latinx workers and 36% of Black workers report having no paid time away from work of …
Anthem, Inc. – Racial Justice Audit (2022)
Whereas: 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 wealth gaps cost the U.S. economy an estimated $16 trillion over the past twenty years, (1) while closing gaps could add 4-6% to U.S. GDP by 2028. (2) Business as usual in the healthcare sector results in disparate outcomes according to race. Black and Native Americans have higher death rates than white people across a variety of illnesses. (3) One study found “a potential economic gain of $135 billion per year if racial disparities in health are eliminated, including $93 billion …
Alphabet, Inc. – Algorithm Disclosure (2022)
Whereas, legislators, regulators, academics, and civil society increasingly require information to help understand how algorithmic systems can lead to discriminatory and other harmful outcomes in education, labor, medicine, criminal justice, and online platforms. (1) Bipartisan lawmakers have introduced the Filter Bubble Transparency Act, which would require companies to provide a version of their products which uses an “input-transparent” algorithm. (2) The Social Media Disclosure and Transparency of Advertisements Act introduced in Congress would force disclosure regarding online targeted advertisements. (3) In December 2021, Washington, D.C. Attorney General Karl Racine introduced the Stop Discrimination by Algorithms Act, which would require companies …
Apple, Inc. – Civil Rights Audit (2022)
RESOLVED: That shareholders of Apple Inc. (“Apple”) urge the Board of Directors to oversee a third-party audit analyzing the adverse impact of Apple’s policies and practices on the civil rights of company stakeholders, above and beyond legal and regulatory matters, and to provide recommendations for improving the company’s civil rights impact. Input from civil rights organizations, employees, and customers should be considered in determining the specific matters to be analyzed. A report on the audit, prepared at reasonable cost and omitting confidential or proprietary information, should be publicly disclosed on Apple’s website. SUPPORTING STATEMENT: Recently, the racial justice movement together …
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