Thursday, October 28, 2021

Campaign to increase racial, ethnic participation in business launches this month

A new campaign aimed at increasing racial and ethnic participation in senior leadership is being launched this month.

Working alongside major companies including Deloitte and Microsoft, the CBI will launch Change the Race Ratio – a campaign to increase racial and ethnic participation in British businesses.

The campaign is calling for businesses to set and publish clear targets for greater racial and ethnic diversity at the Board, ExCo and ExCo minus one.

Companies are invited to become signatories to Change the Race Ratio, which will launch officially at the end of this month.

As signatories to the campaign, companies make the following four Commitments to Change: Increase racial and ethnic diversity among Board members; Increase racial and ethnic diversity in senior leadership; Be transparent on actions and Create an inclusive culture in which talent from all diversities can thrive.

Little progress has been made since then: at the beginning of 2020, an update to the Parker Review revealed “slow progress”: 37% of FTSE 100 companies surveyed do not have any ethnic minority representation on their boards.

Change the Race Ratio aims to put that right and accelerate progress towards more inclusive and diverse British businesses.

“The time has come for a concerted campaign on racial and ethnic participation in business leadership. Progress has been painfully slow,” said Lord Karan Bilimoria CBE DL, CBI President.

“We want to do for racial and ethnic diversity what the 30% Club has done so successfully for gender equality.”

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