Monday, January 18, 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.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemic having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £33.60 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.






Latest news

Derby recruitment firm to open three new offices

Sky Recruitment Solutions is to open three new UK offices following a “phenomenal” growth in turnover and staff numbers during 2020. The company, based in...

Supreme Court rules in favour of small business claims against commercial insurers

In good news for small firms, a Supreme Court ruling will see thousands have their disputed COVID-19 business interruption claims paid. It is expected that these...

New warehousing facility set for the East Midlands as Mars looks to reduce logistics carbon footprint

A new, multi-year partnership between Mars and DHL will see the construction of two state of the art warehousing facilities and the creation of...

Preventative healthcare specialist completes double acquisition of Lincs companies

Preventative healthcare specialist PAM Group has completed a double acquisition as it continues its buy-and-build strategy. The Warrington-based group has bought 66Fit and Physio Supplies...

Private equity fund swoops for Corby fruit supplier

Elaghmore, the UK Private Equity fund, has acquired Corby-based Orchard House Foods Ltd, the suppliers of prepared fruit, fresh fruit drinks and desserts, from...

Related news

Two tenants secure premises at Lutterworth business park

Two new tenants have secured premises at Cosford Business Park in Lutterworth. Wells McFarlane has recently completed two transactions which will see expansion for Deacons Martial...

Derby recruitment firm to open three new offices

Sky Recruitment Solutions is to open three new UK offices following a “phenomenal” growth in turnover and staff numbers during 2020. The company, based in...

Supreme Court rules in favour of small business claims against commercial insurers

In good news for small firms, a Supreme Court ruling will see thousands have their disputed COVID-19 business interruption claims paid. It is expected that these...

New warehousing facility set for the East Midlands as Mars looks to reduce logistics carbon footprint

A new, multi-year partnership between Mars and DHL will see the construction of two state of the art warehousing facilities and the creation of...

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close