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    IBM and Red Hat Remediate More Than 400 Previously Unknown Open Source Vulnerabilities.

    Uber to Acquire ezCater as it Brings Catering to Uber Eats.

    DBS names Gautam Banerjee to Board of Directors

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  • National
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    Apollo Children’s Hospitals Secures Global First with 50 Percutaneous Fontan Procedures in Chennai

    ECI Clarifies Protocol for Meetings with Political Delegations, Says No Political Party Sought Appointment Before 4 PM Today

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    Make every festive pick a 10.10 with Tata CLiQ’s flagship festive sale.

    Mizoram’s Neuhof School Wins Yamaha Teens Rock Final Held at Prestige Arts Centre Bengaluru.

    Modi government’s historic move to provide 3 lakh permanent houses to Andhra Pradesh; Shivraj Singh Chouhan and Chandrababu Naidu sound the clarion call for massive development from Burripalem

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    Apollo Children’s Hospitals Secures Global First with 50 Percutaneous Fontan Procedures in Chennai

    The Business of Preventive Care: Ramaiah Memorial Hospital Unveils ‘Don’t Miss A Beat’ Multichannel Wellness Initiative.

    Marsh India and Apollo Hospitals Partner with BHB Foundation to Deploy Smart Life-Support Fleet in Chennai

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    India and India A squads for New Zealand tour announced.

  • Entertainment

    Yamaha Music India Launches EAD50 With Acclaimed Drummer Ranjit Barot As Yamaha Artist.

    Actor Dr. Rajkumar’s 97th birthday celebration on April 24th, at 10.30 am in Dr. Rajkumar Punyabhoomi premises of the Sri Kanteerava Studio .

    Doordarshan Chandana has launched an innovative farmers’ reality show named “Raitaratna” (ರೈತರತ್ನ).

    Phoenix Marketcity brings you a legendary live concert by PADMA BHUSHAN KS CHITRA.

    UNDP Goodwill Ambassador and ‘Game of Thrones’ star Nikolaj Coster-Waldau highlights Odisha’s mangrove restoration story in global documentary series

    House of McDowell’s Soda Yaari Jam, India’s Biggest Branded Live IP, Touches down in Kolkata

  • Lifestyle
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    TTD Announces October Festival Matrix; 9-Day Srivari Navaratri Brahmotsavams Start Oct 12.

    Air India launches integrated online duty-free experience in partnership with Adani airports

    Pepe Jeans London Marks Bengaluru Expansion with Three Upgraded New Experience Stores in One Day

    Healthcare Innovation: Apollo Hospitals Pioneers India’s First Size-Adjustable Urological Stent Prototypes

    Levi’s ‘Behind Every Original’ Campaign Returns with Chapter Two: Many Ways, One Original Starring Alia Bhatt.

    The ONLY Fit: ONLY India’s New Denim Collaboration with Smriti Mandhana

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World Economic Forum Launches Coalition to Tackle Racism in the Workplace

by FWM
January 25, 2021
in Business, World
0

SOURCE:World Economic Forum

  • The World Economic Forum has today launched a coalition of organizations committed to improving racial and ethnic justice in the workplace
  • 48 organizations representing 13 industries, with more than 5.5 million employees worldwide and with headquarters in three continents have committed to building more equitable and just workplaces
  • Companies must put racial and ethnic justice on their board’s agendas, take at least one firm action and set a long-term strategy to become an anti-racist organization
  • Geneva, Switzerland, 25 January 2021 — The World Economic Forum has today launched the Partnering for Racial Justice in Business initiative, which will see a coalition of organizations commit to building equitable and just workplaces for professionals with under-represented racial and ethnic identities.

    The Partnering for Racial Justice in Business initiative has been designed to operationalize and coordinate commitments to eradicate racism in the workplace and set new global standards for racial equity in business. It also provides a platform for businesses to collectively advocate for inclusive policy change.

    What action looks like

    Three steps are required to join the initiative:

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    • Racial and ethnic equity must be placed on the board’s agenda
    • Companies must make at least one commitment towards racial and ethnic justice in their organizations
    • Companies must put a long-term strategy in place towards becoming an anti-racist organization

    Examples of business commitments towards racial and ethnic justice range from allocating financial and human resources to racial justice work, setting representation goals for all seniority levels, and establishing mentorship programmes for racially and ethnically diverse employees.

    One of the initiative’s starting points will be Black inclusion and addressing anti-Blackness. A broad-brush approach to racism fails to grasp its effects on different under-represented groups. Anti-Black racism is historically one of the most pervasive forms of racism. As such, a targeted and specific approach to tackle it in the workplace is required. As the initiative evolves, it will seek to increase the visibility of racially and ethnically diverse leaders throughout industries, and expand its focus to include additional racial and ethnic groups.

    “With just 1% of Fortune 500 companies led by Black chief executives, the need to tackle racial under-representation in business is urgent and obvious. To design racially and ethnically just workplaces, companies must confront racism at a systemic level, addressing not just the structural and social mechanics of their own organizations, but also the role they play in their communities and the economy at large. The Partnering for Racial Justice in Business initiative provides an effective platform for businesses to take individual and collective action towards racially and ethnically just workplaces,” said Saadia Zahidi, Managing Director at the World Economic Forum.

    Founding members

    The founding members of the initiative are: A.P. Møller-Maersk, AlixPartners, AstraZeneca, Bank of America, BlackRock, Bloomberg, Boston Consulting Group, Bridgewater Associates, Centene, Cisco Systems, Cognizant, Dentsu International, Deutsche Bank, EY, Facebook, Google, H&M Group, Henry Schein, HP, Infosys, Ingka Group (IKEA), Jacobs Engineering Group, Jefferson Health, Johnson & Johnson, Kaiser Permanente, Kearney, LinkedIn, ManpowerGroup, Mastercard, Mayo Clinic, McKinsey & Company, Microsoft, Nestlé, PayPal, PepsiCo, Procter & Gamble, PwC, Salesforce, SAP, Standard Chartered Bank, Tata Consultancy Services, The Coca-Cola Company, Depository Trust & Clearing (DTCC), Thermo Fisher Scientific, Uber Technologies, Unilever, UPS and Willis Towers Watson.

    “This initiative is an important step in helping accountable business leaders do more to change the foundational systems that interfere with achieving equity. Kaiser Permanente is taking bold actions within our organization to evolve and advance our equity, diversity and inclusion strategy, and we look forward to being part of this coalition, both to help its work and learn from others.” — Greg A. Adams, Chairman and Chief Executive Officer, Kaiser Permanente

    “At IKEA, we side with the many, and we believe that a better every day is also an equal every day. We are committed to create a fair and equal workplace for everyone, no matter their ethnicity, race or nationality. We see three main reasons: It is about fairness, it’s about reflecting the diversity of our customer base to meet the dreams and needs of our customers in better ways. And finally, it opens up more and new opportunities to attract and recruit the best talents. By working together with the Forum and other businesses we hope to accelerate the pace and scale of change to create more fair and just workplaces and society.” — Jesper Brodin, Chief Executive Officer, Ingka Group (IKEA)

    “The new global standards established by Partnering for Racial Justice in Business come at a time of heightened global focus on racial injustice, underscored by a pandemic that has disproportionately affected Black and Latino communities in the United States, along with other marginalized communities worldwide. We believe companies – critical enablers of wealth creation and professional mobility – must play a leading role in building a more equitable future for all. And as an organization that exists to create economic opportunity for the entire global workforce, we are honoured to join this initiative.” — Rosanna Durruthy, Global Head of Diversity, Inclusion, and Belonging, LinkedIn

    “At P&G, we aspire to create a company and a world where equality and inclusion are achievable for all people. For us, this starts with ensuring equitable and inclusive workplaces, and drives the actions we take with our brands and business partners and throughout communities around the world. The Forum’s Partnering for Racial Justice in Business initiative will help foster cross-sector collaboration towards this aspiration and enable P&G and many companies to accelerate progress faster than any of us could do alone, and we’re proud to lend our support.” — Shelly McNamara, Chief Equality and Inclusion Officer, Procter & Gamble

    “In order to have an economy that works for everyone, we all have an obligation to address the inequalities that have existed for too long; that includes systemic racism. At Mastercard, we believe that our success comes by ensuring decency, well-being and inclusion are part of everything we do. Bringing together groups like this creates the potential for greater impact, accelerating our ability to learn from one another and deliver action at scale.” — Michael Miebach, Chief Executive Officer, Mastercard

    “As a global organization that runs with purpose, we will only have done our jobs if we create opportunities for every employee to flourish and for social justice to prevail. We must understand the role we play, the things we can do better, and the actions we can take to ensure equality for all. Let our work together be a shining example of the change we are advocating.” — Judith Williams, Head of People Sustainability and Chief Diversity and Inclusion Officer, SAP

Tags: A.P. Møller-MaerskAlixPartnersAstraZenecaBank of AmericaBlackRockBloombergBoston Consulting GroupBridgewater AssociatesCenteneCisco SystemsCognizantDentsu InternationalDepository Trust & Clearing (DTCC)Deutsche BankEYFacebookGoogleH&M GroupHenry ScheinHPInfosysIngka Group (IKEA)Jacobs Engineering GroupJefferson HealthJohnson & JohnsonKaiser PermanenteKearneyLinkedInManpowerGroupMastercardMayo ClinicMcKinsey & CompanyMicrosoftNestlePayPalPepsiCoProcter & GamblePwCRacismSalesforceSAPStandard Chartered BankTata Consultancy ServicesThe Coca-Cola CompanyThermo Fisher ScientificUber TechnologiesUnileverUPS and Willis Towers Watson.

FWM

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