Corporate America is more talk than action on diversity pledges

  • Date: 16-Apr-2021
  • Source: Financial Times
  • Sector:Economy
  • Country:Gulf
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Corporate America is more talk than action on diversity pledges

Good morning from New York. As proxy season starts to get rolling we are getting our first glimpse at whether or not large investors are going to follow through on their promises to hold companies accountable on environmental, social and governance issues. It's very early, but so far things are looking good. Read on for more on this and an update on the political battle brewing between US companies and the Republican party.“” Billy Nauman

Corporate America struggles with the politics and practicalities of racial justice

US Senator Mitch McConnell may have told business leaders to "stay out of politics“ but politics, especially as it relates to racial justice, is stubbornly refusing to stay out of business. 

Baseless claims of a stolen election by the Senate minority leader's colleagues continue to put a harsh spotlight on corporate donations: the anti-Trump Lincoln Project this week attacked JetBlue for one such payment, while activists are urging JPMorgan Chase, Pfizer and Home Depot to explain how their political spending aligns with their values. 

Even greater pressure is building for companies to oppose legislation stemming from debunked election fraud claims, which experts say would deter African-American voters. 

Employees' "heightened sensitivity“ to racial injustices as the US grapples with another