Energy, materials and real estate firms are not reaping the “diversity dividend” which links multiracial management to better profitability, a new study of companies across eight industry sectors from shareholder activist group As You Sow shows. Read More →
Read MoreOlivia Knight, As You Sow’s racial-justice initiative manager, says the next year will be pivotal in seeing whether companies continue to shrink away from their DEI pledges—what some have dubbed “diversity ditching”—or whether the trend has peaked. “We’ll know more about who is staying true to their promises and who is throwing them out the window,” she says. Read More →
Read MoreThe proposal, filed by shareholder advocacy group As You Sow in November, requests that Eli Lilly report to shareholders on the efficacy of its DEI efforts, providing metrics on hiring, retention and promotion of employees, including gender, race and ethnicity data. Read More →
Read MoreThe DEI proposal was from liberal shareholder advocate As You Sow, while the abortion resolution came from the National Center for Public Policy Research, a conservative investor. Both are frequent filers of environmental, social and governance proposals.
Read MoreA new analysis of data from nearly 300 companies has found more evidence of a positive link between diverse workforces and management and the financial performance of companies. A report published Thursday by As You Sow, a shareholder advocacy group that has long pushed companies to release information about their workplace demographics, includes findings based on 277 companies’ workforce data compared against more than a dozen financial metrics. Read More →
Read MoreShareholder advocacy non-profit As You Sow has published the results of its corporate engagements on racial justice and workplace equity over the last 12 months, noting that 88% of the shareholder resolutions it filed against US companies this AGM season led to “improved practices”.. Read More →
Read MoreThe maker of Gillette razors and Downy fabric softener agreed to disclose the data after a campaign from the nonprofit As You Sow, which promotes environmental and social issues at large, public companies. P&G, which confirmed the deal, joins companies such as Nike Inc. that have agreed to share data on efforts to hire and promote under-represented groups. Read More →
Read MoreIt’s the next layer of detail that offers investors a glimpse on how well companies are utilizing employees from minority groups, according to Meredith Benton, workplace equity program manager at As You Sow.
“It’s not whether an employee can make it in the door, it’s will they stay once they are there,” Benton said. Read More →
Read MoreThe nonbinding resolution lost, with investors representing 55 percent of company shares voting against the proposal at AT&T's urging. But Meredith Benton of Oakland, California-based As You Sow, a shareholder advocacy nonprofit, said the vote tally was unusually high and predicted that the company's leadership would take it seriously. Read More →
Read MoreMeredith Benton, founder of consultancy Whistle Stop Capital and workplace equity program manager at As You Sow, formally presented the proposal to AT&T shareholders, according to the advocacy group. ‘It’s an incredible risk for AT&T to take, to be so deeply associated with anti-choice legislation,’ she says in a statement. ‘AT&T believes it needs to be involved in politics; we’re not arguing with that point. It is hard to see why, however, it is not managing the risks involved with supporting politicians who sit so clearly outside of its own company values.’ Read More →
Read MoreOlivia Knight, racial justice initiative manager at As You Sow joined Charles to discuss that Fast Company has released its 10 most innovative not-for-profit organizations of 2022. As You Sow’s inclusion on Fast Company’s top 10 list for its Racial Justice Scorecard shows the importance of actionable data on corporate racial justice accountability, monitoring environmental justice, diversity, equity, inclusion, and other metrics as all stakeholders seek an end to systemic racism.
Read MoreIn its supporting statement, As You Sow writes: ‘Quantitative data is sought so that investors can assess, understand and compare the effectiveness of companies’ [DE&I] programs and apply this analysis to investors’ portfolio management and securities’ selection process.’
The group cites studies including ones finding that companies with the strongest racial and ethnic diversity are 35 percent more likely to have financial returns above their industry medians, and that the 20 most diverse companies had an average annual five-year stock return 5.8 percent higher than the 20 least-diverse companies. Read More →
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