Hundreds of executives who run America’s largest corporations have a broad plan in place to advance racial equity and justice in the United States.
Business Roundtable an association of over 200 CEOS which includes JPMorgans Jamie Dimon, Amazon CEO and Founder Jeff Bezos and Walmarts Doug McMillon released a report Thursday, detailing a series of new corporate initiatives and policy recommendations to tackle systemic racism in jobs, finance, education, health, housing and the justice system.
Americans faced multiple crises in 2020, a global pandemic that has killed hundreds of thousands of people, an economic recession with high unemployment and nationwide unrest following the continued murders of men and women. of unarmed black women, the report says.
“All Americans have been challenged by the events of this year, but not equally; communities of color bear a disproportionate burden, driving an already large racial divide in America, according to the report.
The plan includes initiatives to expand collaboration between businesses and historically black colleges and universities, support black-owned businesses, and ensure black Americans have better access to high-quality jobs by helping to alleviate debt. student. The group also advocates the public disclosure of diversity parameters and is committed to establishing pay equity in its companies.
The group seeks to provide $ 1 billion to community lending institutions by 2025 that are run by Black or Latino people and serve those communities, and has set a goal of producing 200,000 affordable units by 2025 in mixed-income communities at a cost of $ 30 billion.
The group is also pushing for an increase in the federal minimum wage, police reforms, better access to education and childcare among many other initiatives.
These long-standing systemic challenges have too often prevented access to the benefits of economic growth and mobility for far too many people, and a large and diverse group of Americans are demanding change, said Doug McMillion, president and chief. from Walmart management, in a statement.
It is our people, our customers and our communities who are calling for change, and we are listening – and most importantly – we are taking action, he added.
After George Floyd’s death in May, which sparked protests and widespread demands for racial equality, the association introduced federal police reform bills in July and called on Congress to pass a bipartisan bill.
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