significantly more companies than last year are discussing diversity on their earnings calls. (Photo by Shutterstock/ktasimar)

Report: More Companies Are Discussing Diversity On Earnings Calls

Companies are launching efforts to address diversity and inclusion, with significantly more than last year discussing diversity on their earnings calls, according to reports. New data from RBC shows that 40% of S&P 500 companies have discussed diversity and inclusion policies during second-quarter earnings calls, up from 4% in the first quarter of 2020 and 6% during the same quarter in 2019. Comments came from companies in the staples, discretionary, financials, communication services and utilities industries.

“Most of the comments have been made during prepared remarks, with companies highlighting their heightened, longer-term focus on diversity and inclusion and its importance to their corporate strategies,” RBC analysts led by Sara Mahaffy wrote in a note to clients Thursday, CNBC reports.

Related: Research Roundup: Pew Analyzes Americans’ Feelings About Company Statements on Racism

But there is a significant difference between talking about diversity and inclusion and then effectively implementing programs that change culture as well as demographics in a company. And Americans want to see that companies are really changing their practices, CNBC further reports.

Sixty-four percent of U.S. respondents in a survey said that companies ensuring or trying to ensure that their ranks are reflective of society’s diverse demographics was important in earning consumer trust.

Sixty-three percent of the 2,000 respondents in the survey said that brands that issue statements in support of racial equality must also install policies to “avoid being seen … as exploitative or as opportunists,” according to an Edelman Trust Barometer Special Report released in June.

Related Story: Nielsen Publishes Asian American Consumer Report for Asian American and Pacific Islander Heritage Month

In addition to Americans wanting to see companies overhaul things like hiring and promotion practices, CNBC reports that ESG investing (which encompasses environmental, social and corporate governance, three central factors used to measure the sustainability and societal impact of an investment) as one of the most lucrative types. Data from Morningstar found that during the second quarter global assets under management in ESG-focused funds topped $1 trillion for the first time.

Latest News

COVID entrepreneur

Explosive New Growth in Small Businesses Due to COVID-19; America’s Police Force is Not Becoming More Diverse Despite BLM Movement; the Best and Worst Performing States in the 2020 Census; and More

Even with incredible nationwide unemployment rates, the creation of new small and diverse businesses has exploded due to COVID-19. Finally some news coming out of our pandemic: The Philadelphia Tribune reports that as bars and restaurants closed and stay-at-home orders were put into place earlier in 2020 to help fight…

Justice for Breonna not served; The essential rule of politics; Teen serves two months in jail for not doing homework; and More

Justice for Breonna not served as grand jury indicted officer who shot her with wanton endangerment — but not murder. “Outrageous and offensive.” Those were  by attorney to the family, Ben Crump to describe the grand jury’s decision in the March 13 fatal police shooting of 26-year-old Breonna Taylor. While…

IBM, EEOC, age

EEOC Unearths Years of Intentional Age Discrimination within IBM

After a long investigation, the Equal Employment Opportunity Commission (EEOC) has revealed that IBM leaders had directed managers to replace older workers with younger ones. Between 2013 and 2018, nearly 86% of those considered for layoffs within the organization were older employees over the age of 40. The investigation showed…

Breathe March in Globe Park, New York, USA - 12 Sep 2020

Cities under attack from the Justice Department; Louisville bracing for the Breonna Taylor murder charge; Twitter reveals its racist side; and More

Justice department attacks three U.S. cities, declaring them anarchist zones — despite most of the protests that took place in each city being peaceful marches in support of the Black Lives Matter movement. In a move designed to pull federal funding from New York City, Seattle and Portland, OR, the…

ginsburg, supreme, court

The Lasting Legacy of Supreme Court Justice Ruth Bader Ginsburg — Plus the Four Biggest Issues Currently at Stake Following Her Death

Supreme Court Justice Ruth Bader Ginsburg, who served on the nation’s highest court for 27 years, passed away Friday, Sept. 18 at the age 87. “As the second woman ever to sit on the highest court in the land, she was a warrior for gender equality — someone who believed…

Abbott Receives CE Mark for Next-Generation Mitraclip Heart Valve Repair Device to Treat Mitral

Originally posted on Abbott.com – CE Mark for MitraClip G4 offers physicians an innovative next-generation system with more options for mitral valve repair using proven clip-based technology – MitraClip is a first-of-its-kind transcatheter mitral valve therapy, now on its fourth generation, improving further on MitraClip’s history as a safe and…

Cox Crews Mobilized to Reconnect Gulf Coast

Originally published on Cox.com Cox has mobilized its employees with support from outside of the Gulf Coast area to begin assessing damage and restoring service outages caused by Hurricane Sally. In times like this, we understand it is important to stay connected and we want our services to help you…