7 ways companies are advancing racial justice in business

• Over the past year, the pressure for companies to act on racial equality has increased.
• In response, they have started to focus on seven key actions to increase diversity, equity and inclusion (DE&I).
• These include hiring for DE&I roles and providing anti-bias trainings.

The murder of George Floyd at the hands of police officers on May 25, 2020, caused a surge in activism across the world, and forced businesses and organizations to both acknowledge and scrutinize the systemic racism and bias inherent in much of corporate culture and operations.

For the past decades, corporate diversity, equity and inclusion (DE&I) programmes mostly focused on advancing gender equality and ignored racial justice as too complex and too controversial. But since 2020, mentions of “systemic racism” in corporate meetings have exponentially increased. Nearly one-third of Fortune 1000 companies have made public statements on racial…

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