How to Measure Improvements in Racial Equality

August 04, 2022 02:00 PM ET - 03:30 PM ET | Virtual Meeting

Publication: Making Measurable Progress on Racial Equality

Background

As you know, in the summer of 2020, corporate America committed hundreds of billions of dollars to address racial inequality. It is an endeavor that companies are taking very seriously, as detailed in Corporate Racial Equality Investments—One Year Later.

We know from our discussions with ESG Center Members that many companies are grappling with how they can make a meaningful and measurable impact that goes beyond dollars spent and the number of individuals served. Is it even possible for companies to move the needle on issues such as economics, housing, and criminal justice equality?

At the Center Briefing, held in conjunction with our knowledge partner, The McKinsey Institute for Black Economic Mobility, we addressed:

Where we are today. The current state of corporate commitments toward racial equality, including how much companies are investing and in what areas.

How to measure progress. The metrics that can be used to measure societal progress toward racial equality, how companies can connect their efforts to those broader societal measures, and best practices in engaging with government officials, non-profit partners, and community stakeholders in this process.

How to report impact. How governments, corporations, and non-profits are reporting progress and their impact on racial equality and what they can learn from each other.

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