A widening array of stakeholders, including major investors, are asking companies to more clearly signal their progress on the road to greater DEI particularly through disclosing the racial and ethnic demographics of their workforce.
State Street, an investor with $3.9 trillion under management, recently announced that it is prepared to vote against board leaders of S&P500 companies that don’t disclose their EEO-1 Reports - the federally mandated annual report in which those companies with at least 100 employees provide information on gender, race, and ethnicity by job categories. And a survey from Just Capital and The Harris Poll found that 73% of Americans want companies to publicly report this information.
Employers with more than 100 employees are legally obligated to report to the U.S. Equal Employment Opportunity Commission on gender, race and ethnicity by job categories.
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