Barron's reported that half of the 100 largest US companies including Coca-Cola, Starbucks, Pfizer, Bristol Myers Squibb, Target, and Morgan Stanley, have agreed to provide full EEO-1 workforce diversity disclosure, many in response to a campaign Calvert Research & Management launched in July 2020. According to the article, 15 of those companies (e.g., Alphabet, Amazon, Cisco Systems, Intel, Salesforce) were already disclosing that data.
Calvert's campaign following the George Floyd killing reportedly consisted of a letter to the largest (by market cap) 100 US company boards requesting release of the EEO-1 data. Those companies that failed to disclose in response to the campaign may be recipients of pending or future shareholder proposals.
See Calvert's "Expectations for companies re: racial justice" (from the "Calvert Connection" quarterly update), "Calvert commits to further actions to address racial inequality," and "Corporations and investors must do more to combat racism"; our prior reports on similar campaigns or calls by other institutional investors: NYC Comptroller: here, here, and here, BlackRock, Vanguard, and State Street; and additional resources on our Racial Equality & Diversity page.
This post first appeared in the weekly Society Alert!