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10 Jul 2020

Greg Hills, Lakshmi Iyer, Michael McAfee, Josh Kirschenbaum & Martin Whittaker, JUST Capital

FSG, PolicyLink & JUST Capital release blueprint for companies' role in achieving racial equity; incl. paying a living wage & expanding worker power

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"As CEOs face a legacy-defining moment, we are providing a blueprint for their role in achieving racial equity," 7 July 2020

Corporate leaders have a particularly powerful role to play in replacing racist structures, many of which have benefited those at the top, with policies that bring us closer to racial equity... America’s current economic structures and institutions are simply incompatible with a commitment to Black lives and racial justice. Inequality is baked deep into our current capitalist society which has “produced extreme wealth for owners and daily insecurity for workers,” according to Darren Walker, president of the Ford Foundation.

... [W]e are calling on corporations to be greater than their statements... The blueprint maps to the public’s stated priorities for corporate leadership... Companies can:

  • ... Conduct a pay equity audit across all positions and levels by race, ethnicity, and gender; identify and correct any pay gaps; and release the results publicly
  • ... Pay living wages to employees at all levels
  • ... Extend benefits – paid sick, family, and medical leave; retirement savings vehicles; health insurance; and regular scheduling, among others – to all employees regardless of part-time status
  • ... Allow workers to organize and share their concerns and ideas with management in a respectful and meaningful way
  • ... End the use of mandatory arbitration agreements
  • ... Create grievance mechanisms for employees to report instances of discrimination