· 1 min read
illuminem summarizes for you the essential news of the day. Read the full piece on Harvard Business Review or enjoy below:
🗞️ Driving the news: Despite public commitments to increase diversity post-2020, many companies have failed to make significant progress
• Research indicates that disclosing these shortcomings might actually benefit companies by enhancing their perceived commitment to diversity
🔭 The context: Following George Floyd's murder, numerous companies pledged to improve workforce diversity, often making these commitments very public
• However, by January 2021, around 95% of large U.S. companies chose not to disclose their diversity data, despite having it available
🌍 Why it matters for the planet: Transparency in diversity efforts can foster trust and accountability, essential for meaningful progress in social justice and corporate responsibility
⏭️ What's next: Companies may need to balance transparency with strategic communication, especially in the face of increasing DEI backlash and potential legal challenges following recent Supreme Court rulings
💬 One quote: "Being transparent about unfavorable outcomes signals that organizations’ commitment to strengthening diversity is real," said Evan Apfelbaum and Eileen Suh
📈 One stat: Approximately 95% of the largest U.S. organizations did not publicly disclose their diversity data by January 2021
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