Taking advantage of the rapid increase in companies disclosing their EEO-1 forms publicly, Bloomberg has developed a
highly detailed public database of diversity statistics for S&P 100 firms. The interactive database, which includes only companies that provided their full EEO-1 data, compares that data to industry benchmarks from the US Census, and highlights companies that “lag behind” on representation for Black, Hispanic, and female employees of color.
Bloomberg accompanied the new dashboard with a survey of corporate practices to increase representation, including questions such as:
- Does the company have a specific numerical target for Black representation overall and in management?
- Does the company have a Chief Diversity Officer?
- Did company hiring from HBCUs (Historically Black Colleges and Universities) increase in 2020 and 2021 and does the company have a partnership to recruit graduates?
- Does the board self-identify by race/ethnicity and gender?
- Did the company make donations in the wake of George Floyd’s killing?
- Does the company have a quota for working with minority-owned suppliers?
The answers to these questions are also public, with company names identified, enabling searchers to view each company’s responses in the context of their EEO-1 disclosure. The report notes that 76 of the S&P 100 now disclose EEO-1 data, with 10 more committed to doing so soon. The SEC is also likely to prescribe a form of diversity disclosure in the upcoming human capital metrics rule, which may or may not align with the EEO-1 filings companies are under increasing pressure to disclose. Given the shortcomings of the EEO-1 filing as a proxy for company diversity, the Center is focused on ways to influence the SEC to accept a range of disaggregated diversity disclosures with job categories that make sense in the current era.
