Congressional Black Caucus Calls for Corporate DEI Accountability
Congressional Black Caucus Calls for Corporate DEI Accountability
Congressional Black Caucus Calls for Corporate DEI Accountability
News summary

The Congressional Black Caucus (CBC) has released a groundbreaking report entitled 'What Good Looks Like: A Corporate Accountability Report on Diversity, Equity, and Inclusion,' urging Fortune 500 companies to reaffirm their commitments to DEI policies amid a backlash from conservative activists. The report underscores that such corporate policies remain legal, even after the Supreme Court's decision against affirmative action in college admissions. It emphasizes the importance of advancing DEI to promote economic prosperity and address racial wealth disparities, particularly in the wake of corporate pledges totaling $50 billion for racial equity following George Floyd's death. The CBC's guidelines, developed through extensive consultations with business leaders and analysts, provide a roadmap for fostering Black economic mobility. Rep. Steven Horsford criticized attempts by far-right groups to pressure companies into rolling back DEI initiatives, asserting that such policies are not unconstitutional. The report highlights the resilience of many Fortune 500 firms in maintaining their DEI commitments despite external pressures.

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