WEBVTT

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>> WELCOME BACK TO TEARS NEWS

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APP EVERYBODY SEVERAL U.S.

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COMPANIES ARE PLEDGING BILLIONS

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OF DOLLARS TOWARDS EQUITY

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EFFORTS IN RESPONSE TO LAST

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SUMMER'S RECKONING WITH RACIAL

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INJUSTICE. ACCORDING TO A NEW

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JUST CAPITAL AND HARRIS POLL

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AMERICANS AGREE THAT BIG

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BUSINESS NEEDS TO STEP UP AND

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FIGHT FOR CHANGE

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79% OF AMERICANS SAY IT

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IS HIM HORTON TREE CORPORATIONS

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TO PROMOTE RACIAL DIVERSITY AND

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EQUITY IN THE WORKPLACE.

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JUST CAPITAL ALSO CREATED A

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RACIAL EQUITY TRACKER TO HOLD

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COMPANIES ACCOUNTABLE ON THERE

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COMMITMENT TO ADVANCE

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THIS CAUSE HERE TO DISCUSS HIS

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USE OF GEORGE MANAGING DIRECTOR

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OF CORPORATE ENGAGEMENT AT JUST

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CAPITOL WELCOME TO THE SHOW

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YOUSSEF TELL US MORE ABOUT THE

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TRACK HER AND THE AREAS THAT IT

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ACTUALLY MONITORS.

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>> NICE TO BE HERE WITH YOU AND

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SO YOU KNOW, I'LL START WITH

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THIS AS JAMIE JUST SAID IN THE

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LAST SEGMENT. THE TIDES ARE

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CHANGING 95% OF BLACK

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AMERICANS WANT. FOR THE LARGEST

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COMPANIES IN AMERICA TO

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RECENTLY WITHIN THE WORKPLACE,

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BUT 80% OF

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THEM SAY THAT THERE IS MORE

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WORK FOR COMPANIES TO DO SO

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WHAT WE'VE DONE IS WE'VE

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CREATED A TRACKER THAT ALLOWS

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WORKERS INVESTORS AND OTHERS TO

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BE ABLE TO SEE HOW COMPANIES

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ARE FOLLOWING THROUGH ON THE

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COMMITMENTS THAT THEY'VE

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MADE SOME.

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>> I'M SO CURIOUS IN TERMS OF

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ACTIONABLE STEPS YOURSELF WHAT

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HAVE YOU DISCOVERED THUS FAR

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FROM

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THESE COMPANIES.

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>> SO WHAT WE'RE DOING WE'RE

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SORT OF LOOKING AT 6 TO MENTION

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THE RACIAL EQUITY

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THINGS LIKE PAY EQUITY OR FORCE

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THEM TO GRAPHIC INFORMATION

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COMMUNITY INVESTMENTS AND WHAT

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WE'VE SEEN SO FAR

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IS THAT THE 100 OUT OF THE 100

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LARGEST COMPANIES. THEY'RE

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REALLY GOOD DISCLOSING BASELINE

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VI POLICIES THINGS LIKE IT'S

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THE LAST MINUTE OR YOU

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IN EQUAL AND MORE BUT THEY'RE

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NOT SO GREAT WE ONLY SEE 10 TO

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30% OF THEM

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DISCLOSING ACTION.

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WE HOLD THEM ACCOUNTABLE TO

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PROGRESS THINGS LIKE ACTUALLY

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DISCLOSING IT THEY GONNA PAY

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EQUITY ANALYSIS BY RESORT IN

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THE CITY OR SETTING SPECIFIC

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QUANTITATIVE

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DIVERSITY TARGETS.

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>> SO HOW DO YOU GET AROUND

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THESE CHALLENGES OF GETTING

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COMPANIES TO BE MORE

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TRANSPARENT ABOUT THIS DATA.

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>> WELL IT

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TAKES THE LEGIT THE COLLECTIVE

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ALL RIGHT SO WITH THE PART OF

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THE REASON WE PUT OUT THIS

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TRAVERS SO THAT WE CAN REALLY

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HOLD COMPANIES ACCOUNTABLE AND

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MEASURE PROGRESS AND

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INCENTIVIZE THEM

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TO CHANGE SO WE KNOW THAT

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INVESTORS ARE CALLING FOR THIS

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WE KNOW THAT EMPLOYEES ARE

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CALLING FOR THIS WE KNOW THAT

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COMMUNITIES WHAT I UNDERSTAND

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HOW THESE LARGE CORPORATIONS

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ARE SUPPORTING. THE COMMUNITIES

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THAT THEY EXIST AND SO IT'S

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REALLY ABOUT TRANSPARENCY.

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>> USE OF CAN YOU TALK TO US

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ABOUT THE PUSH FOR DIVERSITY

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DISCLOSURE AND WHAT THAT MEANS

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FOR ADVANCING RACIAL EQUITY IN

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OUR COUNTRY.

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>> SO THERE'S A FEW THINGS HERE

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WE HAVE TO KNOW WHERE WE ARE IN

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ORDER TO BE ABLE

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TO ASSESS. WE NEED TO GO SO

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THE FIRST STEP IN THE PROCESS

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IS COMPANIES BEING TRANSPARENT

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ABOUT WHAT IS THE DEMOGRAPHIC

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MAKEUP OF THE WORKFORCE.

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SO WE HAVE A LOT

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ORGANIZATION THEY'RE CALLING

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FOR COMPANIES TO PUBLICLY

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DISCLOSE 31 INFORMATION WHICH

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IT SAYS THEIR WORKFORCE THEM

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GRAPHIC THAT'S DEFINITELY AN

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IMPORTANT STEP. AND SOMEONE

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CALLED THE GOLD STANDARD BUT

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WHAT WE SAY REALLY WANT TO

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UNDERSTAND DEEPER. WHAT WHAT IS

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THE REALLY DETAIL THE BREAKDOWN

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OF WHO WORKS AT

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THE COMPANY, WE'LL BE ABLE TO

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USE THAT INFORMATION WHICH.

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MANY COMPANIES HAVE TO DISCLOSE

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YET, BUT I BELIEVE ARE IN THE

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PROCESS OF BE ABLE TO USE THAT

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INFORMATION TO TRACK TO SEE HOW

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THE WINDS ARE STAYING COMMITTED

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TO. INCREASING DIVERSITY

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HIRING INCREASING. BLACK AND

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BROWN EXECUTIVES WITHIN THE SO

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REALLY IT'S ABOUT WHERE THEY

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ARE NOW AND THEN WHERE THEY CAN

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GO AND USING THE DATA TO TRACK

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AND MEASURE.

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>> DO YOU THINK THIS DATA COULD

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IMPACT HOW SOMEONE INVEST IN

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THESE COMPANIES.

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>> 100% YOU KNOW 14 OF THE THE

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LARGEST

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INSTITUTIONAL INVESTORS HAVE

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BEEN VERY PUBLIC ABOUT THEIR

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OWN WORK GUY AND ARE CALLING ON

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THEIR PORTFOLIO COMPANIES TO BE

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THE SAME SO THEY'RE MAKING

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INVESTMENT DECISIONS

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BASED ON INFORMATION LIKE THIS

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THEY'RE ALSO ASKING FOR THINGS

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LIKE MORE WHICH WE'RE TRACKING.

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WHAT DO YOU WANT TO SEE NEXT IN

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CORPORATE AMERICA USE OF

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100 CENTS LOWER.

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>> YOU KNOW WE WANT TO GET TO A

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PLACE WHERE COMPANIES ARE OPEN

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ABOUT THEIR ACTA SINCE YOU KNOW

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THINGS LIKE FAMILY ON REALLY

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REALLY IMPORTANT ESPECIALLY

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BECAUSE YOU KNOW BESIDE

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A LESION DON'T HAPPEN IN A BACK

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TO YOU KNOW NO ONE WANTS TO

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WORK IN A PLACE WHERE THEY MAY

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FACE THE RISK OF DISCRIMINATION

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HARASSMENT OR AN

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EQUITABLE WAGES AND SO THERE'S

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A RACE FOR TALENT RIGHT NOW.

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AND EMPLOYEES WANT TO WORK AT A

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PLACE THAT IS TRANSPARENT ABOUT

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THINGS LIKE HOW WHILE THEY'RE

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BEING PAID AND IF THEY'RE BEING

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PAID AND THAT WOULD LEAVE.

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BY GENDER BY RACE BY THE CITY.