Corporate racial-equity and DEI pledges announced

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Large US companies announce racial-equity and diversity commitments; legal scholarship later puts the pledged total near $50 billion and the amount disbursed by August 2021 at $1.7 billion.

Large public companies pledge an estimated 50billiontowardracialequity.AlaterColumbiaLawReviewstudyfindsthat37ofthe50largesthaddisbursedabout50 billion toward racial equity. A later Columbia Law Review study finds that 37 of the 50 largest had disbursed about 1.7 billion of it by August 2021 — a gap between pledged and delivered amounts that becomes a recurring point of contention.

Sources

  1. 01.

    Fletcher, G. S. & Jr., H. T. L. (2024). Corporate Racial Responsibility. Columbia Law Review, 124(2), Source for both figures used here: an estimated $50 billion pledged by large public companies after the 2020 protests, and only $1.7 billion of that disbursed by 37 of the 50 largest companies as of August 2021. Pledged and disbursed amounts are distinct and are kept distinct in this entry.

    columbialawreview.org/content/corporate-racial-responsibility

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June 2020
Corporate racial-equity and DEI pledges announced
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