Corporate Racial Equity Advantage
When PolicyLink launched our equitable economy initiative in 2011, we knew that we would have to directly address the role of the private sector. Steering businesses toward equity is fundamental to building an equitable economy, because the private sector provides the majority of jobs and spurs additional business opportunities along the supply chain. That is why PolicyLink and FSG teamed up to guide companies in assessing and actively promoting racial equity in every aspect of their business operations and strategy.
An initial step is this work is the report, The Competitive Advantage of Racial Equity, and the accompanying op-ed in Fortune. The report goes beyond the essential ingredient of workforce diversity, as a means for businesses to address past and continuing discrimination while improving their competitiveness, to challenge the corporate sector to affirmatively advance racial equity through its products, services, and public policy positions.
Looking forward PolicyLink and FSG will develop an executive education training to business leaders on structural racism and its impact on business, and develop and share custom tools that help these leaders identify strategic opportunities to bolster their bottom lines through policies and practices that benefit people of color who have been excluded from the economic mainstream.