Following the audit at Facebook, the . The racial-justice organization Color of Change has also given the resolution its stamp of approval. "By agreeing to a third-party racial equity audit, Citi is . related to racial and ethnic diversity, equity, inclusion and justice. The accountability strategy is a relatively novel one, but it's caught on fast. Murphy is a pioneer in the business of corporate racial equity audits, having conducted one for Airbnb back in 2016. Companies including Airbnb Inc. and Facebook Inc. have taken similar steps in . The pressure campaigns on major companies have already paid off. Racial Equity Audits on the Rise Pressure mounts for independent reviews for discrimination. In 2016, Airbnb partnered with the Color of Change to launch a three year review of the company's platform and . Importantly, the proposals encourage an internal and external review, looking at human capital management but also the products and services companies offer, along with their philanthropic and political contributions. As corporate America does its own soul searching about its role in perpetuating racial disparities, veteran civil rights leader and policy strategist Laura Murphy has pioneered a useful tool: the corporate civil rights audit. Airbnb Inc. and Starbucks Corp. conducted such studies several years ago, before the police killing of George Floyd in Minneapolis put heightened focus on racial inequality. PDF The Rationale for and Key Elements of a Business Civil ... The group cited our findings that Google Ads blocks advertisers from targeting YouTube videos related to "Black Lives Matter" and other racial justice . For example, Color Of Change pushed Airbnb to undergo a civil rights audit, and later partnered with the company on Project Lighthouse to root out the presence of discrimination on its app. A Racial Equity Audit Would Provide an Independent, . The pressure campaigns on major companies have already paid off. Murphy is a pioneer in the business of corporate racial equity audits, having conducted one for Airbnb back in 2016. Color of Change, which previously partnered with Airbnb to consult on its audit, recently launched a petition calling for Google to conduct a racial equity audit after a series of events . • Cyrus Mehri, founding partner of Mehri . Airbnb Inc. and Facebook Inc. have conducted such audits in recent years. Airbnb, Facebook and Starbucks have . Google pressed to conduct racial equity audit | TheHill Laura Murphy & Associates :: About the Civil Rights Audit ... In 2016, Airbnb was the first company to do a third-party racial audit after . (Bloomberg) -- Initial calls for racial audits at Wall Street banks and other corporations were rejected by shareholders, but support was high enough that companies are likely to face increased pressure to agree to future reviews. Auditors with civil rights expertise will assess a company's business . #BeyondTheStatement: Color Of Change Holds Corporations ... we have seen many companies use this critical tool, including Facebook, Starbucks, and Airbnb. Murphy is a pioneer in the business of corporate racial equity audits, having conducted one for Airbnb back in 2016. Airbnb, Facebook, and Starbucks have all performed audits in the past three years. In 2016, Airbnb became the first corporation to perform a third-party racial . After the audit at Facebook, the company hired . Catalog; For You; Pittsburgh Post-Gazette. Citi stated its intention to "becoming an antiracist institution" and recruited Covington & Burling for a racial equity audit. The world's largest money manager plans to undergo an independent racial audit of its operations, following a request from a shareholder. What's next: Citigroup said last week it will undergo a racial equity audit. Starbucks Corp. followed with an audit by former . . Starbucks Corp. followed with an audit by former Attorney General Eric Holder following a 2018 incident where employees at one of its locations called the police on two Black patrons who were waiting for a . Airbnb, Facebook, and Starbucks all conducted audits in the last three years. Many boards are having heated debates on how to promote racial equality and equity. SEIU Master Trust filed a shareholder resolution in 2021 at State Street requesting that they conduct a racial equity audit. "Our work is nowhere near done, but the civil rights audit was a critical first step," Airbnb CEO Brian Chesky says in the framework released today. Alphabet shareholder the Nathan Cummings Foundation this week filed a shareholder resolution seeking an independent racial equity audit that looks at the impact the company's products have on Black and Indigenous communities and other people of color. A report on the audit… should be publicly disclosed on [Bank of America's] website.' In its supporting statement, CtW Investment Group says: 'A racial equity audit will help [Bank of America] identify, prioritize, remedy and avoid adverse impacts on non-white stakeholders and communities of color. A racial equity audit would follow the model of other large companies, where such reviews have already been conducted, including Facebook, Starbucks, and Airbnb. An independent group will carry out an equity audit of the nation's . Racial equity audits are the chief service offered by "diversity, equity, and inclusion" consultants, a cottage industry connected by a revolving door of Democratic staffers and funded by liberal donors. Rich IPO paydays for Airbnb, DoorDash CEOs lead influential advisory firms to target execs at their first shareholder meetings Last Updated: June 12, 2021 at 3:29 p.m. RELATED: Racial equity audits are rising. Tyson will commission audit on racial equity after outcry 2021-12-11 - By Saijel Kishan and Michael Hirtzer . The bank said the audit will focus on its 2020 commitment to dedicate $1 billion toward initiatives it hoped would help close the persistent racial wealth gap in the U.S., where the average net . Airbnb has consistently engaged in fighting bias and discrimination on its platform since 2016, after its first civil rights audit, authored by Laura Murphy, former Director of the American Civil Liberties Union's Washington Legislative Office and President of Laura Murphy & Associates. Airbnb and Starbucks conducted such studies several years ago, before the police killing of George Floyd in Minneapolis put heightened focus on racial inequality. A civil rights audit, with a deep focus on racial equity in line with Laura's robust recommendations, is the right starting place. In recent years, Color of Change and other civil rights groups have successfully pushed for independent racial equity audits at Facebook and Airbnb. Today Starbucks shared next steps it's taking to advance racial and social equity as part of its ongoing journey to create a welcoming and inclusive Third Place. The research results could also have broader implications for promoting racial equity at a wide range of businesses, from financial investment programs and medical services to e-commerce platforms like eBay and Uber. After its audit, Starbucks began requiring implicit bias training, setting corporate diversity goals, among other efforts in response to an incident that led to the wrongful arrests of two Black . A growing number of major public companies and institutional investors are recognizing the benefits of conducting racial equity audits.9 Companies like Facebook, Airbnb, Starbucks, and BlackRock have published or committed to publish audits.10 Shareholder proposals on racial equity audits are receiving significant support, including 44% . During the most recent proxy season, investors for the first time used shareholder resolutions to call for such racial audits, leading Wall Street firms BlackRock Inc. and Citigroup Inc. to agree. Story continues After its audit, Airbnb asked its users to accept a nondiscrimination agreement to help prevent unfairness to people of color on its platform. "If other companies invest in building similar race-blind algorithms, that may even the playing field for users," Zhang says . Racial equity audits are on the rise. Last week, the Interfaith Center on Corporate Responsibility (ICCR), of which the PC(USA) is a member, announced it was withdrawing a proposal for Tyson's 2022 proxy after negotiations . In 2016, Airbnb was the first company to do a third-party racial audit after people of color said they were discriminated against as guests. Color of Change, which previously partnered with Airbnb to consult on its audit, recently launched a petition calling for Google to conduct a racial equity audit after a series of events . Murphy is a pioneer in the business of corporate racial equity audits, having conducted one for Airbnb back in 2016. I believe racial equity audits can be a critical tool for companies to address the risks and opportunities posed by civil rights, equity, diversity and inclusion-related issues. After it declared support to Black people and a $100 million financial pledge to Black creators , Google blocked companies from using terms including "Black lives matter" in their advertisements. Shareholders called for one at the company's investor meeting earlier this year, but the bank (like its peers) told . PressReader. In particular, by conducting matched-pair audit testing of large-scale hosts who rent out many units, Airbnb could decrease the burden on victims of discrimination both to know that they have been victimized and to navigate the . She also conducted Facebook's audit and previously spent 17 years leading the ACLU's Washington Legislative Office. BlackRock is conducting one, and Citi announced its commitment to "becoming an antiracist institution" and retained Covington & Burling for a racial equity audit after pressure from SOC Investment . Murphy first ventured into corporate audits in 2016 as a consultant for Airbnb, the short-term rental hub. She also conducted Facebook's audit and previously spent 17 years leading the ACLU's Washington Legislative Office. A year after the racial justice protests and the murder of George Floyd, we are calling on corporations to share what they have done to make good on their public statements to work toward racial equity for Black people. . This year, Amazon.com has appealed to the U.S. Securities and Exchange Commission to block a racial-audit proposal. Some, including Starbucks, Facebook and AirBnB, have already commissioned racial equity audits. Airbnb, Facebook, and Starbucks have all performed audits in the past three years. Racial equity audits of corporations originated within the racial justice movement, with Color of Change successfully calling for and working with AirBnB to undertake an audit, led by an external expert and including extensive consultations with civil rights organizations, which translated to tangible improvements in Airbnb's business practices. . The civil rights group Color of Change launched a petition last week to demand an independent racial equity audit of Google, saying an investigation by The Markup had revealed "heinous" and "unacceptable" practices by the company. BlackRock said it will perform its audit next year. . Here's what the trend could mean for your business. Though trust is deeply broken right now, we know the private . In letter to partners , ceo Kevin Johnson outlined new commitments the company will make to elevate inclusion, diversity, and equity on behalf of partners (employees) and the . Tyson is at least the third major U.S. company to say this year that it will conduct an audit after racial-justice protests across the U.S. in 2020. Here's what businesses should know. Color of Change is continuing to hold corporations accountable for hypocritical activism and demanding they move #BeyondTheStatement and act now. The . Tyson Foods has plans to commission a detailed study to determine if the company's practices contribute to racial inequities. Increase Transparency by conducting a racial equity audit, . 2 A growing number of major public companies and institutional investors are recognizing the benefits of conducting racial equity audits.8 In the food and beverage sector, Starbucks published a Civil Rights Assessment in 2021 following controversies around implicit racial bias.9 Similar assessments have also been published by Facebook and Airbnb.10 Shareholder proposals on racial equity audits Conducted in alignment with Laura's report, the civil rights audit is a powerful tool toward rebuilding trust with workers and communities of color. She also conducted Facebook's audit and previously spent 17 years leading the . The Board's Oversight of Racial and Ethnic Diversity, Equity, and Inclusion 3 rr-0238-107009-Racial and Ethnic Diversity.indd 3 07-Jul-21 1:42:26 PM Tyson Foods Inc., one of the meatpacker­s that came under fire during the height of the pandemic for its treatment of a largely minority workforce, will commission a detailed study to determine whether its practices contribute to . (An Rong Xu for . Tyson is at least the third major U.S. company to say this year that it will conduct an audit after racial-justice protests across the U.S. in 2020. In 2016, Airbnb was the first company to do a third-party racial audit after people of color said they were discriminated against as guests. The report draws a clear distinction between diversity, equity and inclusion initiatives and civil rights audits. Airbnb and Twitter Share Strategies for Achieving Racial Equity Posted on July 5, 2020 by 366 Technology Like just about every other industry, tech has felt the glare of the anti-racism spotlight following the killings of George Flloyd, Breonna Taylor, Rayshard Brooks, and others in the Black community.

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