Let’s look at eight companies leading the way with impactful DEI-focused initiatives. These companies are setting the standard for driving real impact, and are inspiring other organizations to elevate their DEI and CSR programming and visions.
Studies show DEI has the potential to increase sales revenue, increase customer base and ultimately increase profits. Inclusive workplaces also see greater innovation and financial returns, outperform their competitors, and improve employee experiences.
Let’s look at eight companies leading the way with impactful DEI focused initiatives. These companies are setting the standard for driving real impact, and are inspiring other organizations to elevate their DEI and CSR programming and visions.
Apple has set aside an impressive initial budget of $100 million for their Racial Equity and Justice Initiative. Their Racial Equity and Justice Initiative focuses on their goal to address systemic racism and expand opportunities for communities of color across the country. Many of their partnerships have focused directly on education and innovation in underserved communities. Apple continues to support HBCU engineering programs through Innovation Grants to help HBCU colleges of engineering develop silicon and hardware engineering curricula in partnership with Apple experts.
Boston Consulting Group (BCG) deployed more than $60 million of resources on racial equity-focused projects in 2021 and raised the proportion of racial and ethnic minorities joining their US team to over 50% in 2021. BCG has deployed $60 million to deliver equity-focused projects with both public and private partners, and donated over $650,000 to Black equity-focused organizations.
Capgemini has initiatives to have their teams be 40% women by 2025. This involves increased hiring of women from entry to managerial levels, while also developing and retaining female talent by ensuring greater diversity in interview panels. Further efforts include the expansion of sponsoring and mentoring programs; the rollout and implementation of a flexible work policy (adjusted by geography and role); and Diversity and Inclusion learning and development programs for managers and unconscious bias training.
A four-pronged commitment of Citi and the Citi Foundation to invest more than $1 billion by 2023 involves:
By November 2021 — one year into their three-year pledge — Citi had invested $1 billion into initiatives expanding economic opportunity for communities of color, putting the organization on track to exceed their original $1.1 billion commitment set in 2020.
Infosys has committed to a 3-year investment benefitting the Thurgood Marshall College Fund (TMCF), America’s largest organization exclusively representing Historically Black Colleges and Universities (HBCUs). As part of its commitment to developing and recruiting diverse talent, Infosys will serve as an HBCU Graduate Pipeline Partner creating an opportunity for at least 1,600 graduating students to interview and accept jobs within Infosys. Additionally, given its mission to advance access to computer science education for K-12 educators, Infosys Foundation USA will serve as the STEM sponsor of TMCF’s Teacher Quality & Retention Program (TQRP) 10-day Summer Institute to invest in the future pipeline of Black STEM educators.
KPMG worked with the UN to deliver on commitments related to the UN Global Compact Principles and UN Women’s Empowerment Principles — including working with their member firms to progress gender equity using a gender gap analysis tool. The company also became a signatory to the World Economic Forum’s Partnering for Racial Justice in Business. KPMG also continued to support LGBTQ+ equality through their membership of the Out Leadership Global LGBTQ+ Business Network — where KPMG sent LGBTQ+ emerging leaders across the globe to the 2021 OutNEXT leadership program, co-sponsored WorldPride in Copenhagen.
Microsoft is working to provide accessibility to persons with disabilities by having features in Microsoft apps to help with their disabilities. In addition, Microsoft is working to increase representation of those with disabilities in the workplace at large. The organization also has direct initiatives to increase Black and African American, and Hispanic and Latinx people managers, senior individual contributors, and senior leaders in the US by 2025.
Through the Technology Education and Literacy in Schools (TEALS) program, Microsoft is aiding underfunded colleges and nonprofits by providing support for HBCUs with campus partnerships. The TEALS program also provides grants to community-based nonprofit organizations led by and serving Black and African American communities aiming to equip more people with the digital skills.
Nike plans by 2025 to have 50% representation of women in the global corporate workforce and 45% in leadership positions. They also champion internal employee-formed and managed groups like Women of Nike & Friends (through NikeUNITED) - which continues to play a significant role in retention and promotion of women through its robust, interactive programming. Also by 2025, Nike plans to have a $10 million investment earmarked for Historically Black Colleges and Universities (HBCUs) and Hispanic-Serving Institutions(HSIs) in the form of scholarships and academic partnerships to increase intern and direct hires.
Paragon One facilitates CSR Learning focused externship programs serving historically excluded communities. Via Paragon One externship reporting data, 63.6% of participating employees reported a desire to take action on more activities that promoted inclusivity and 93.1% of employees reported feeling more confident on engaging on DEI topics with others.
If you’re inspired, learn more about how creating real-work experiences for Fortune 1000 leaders of tomorrow can accelerate your DEI and CSR goals while bolstering employee engagement.
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