Companies voicing support for racial equality should back up their talk by releasing their workforce diversity data, New York City Comptroller Scott Stringer says in letters being sent to 67 companies in the S&P 100 on Wednesday.
"We're asking companies that condemned racism to walk the walk," Stringer said in an interview."It's not enough to condemn racism in words, systemic racism in corporate America is going to require concrete action," he said.Stringer oversees some US$206 billion in retirement assets and his office has been influential in pressing companies on other issues like adding more women directors and addressing climate change.
Eighty of the companies in the Fortune 100 have made statements since Floyd's death on at least one social media platform supportive of the Black community, according to a review by digital marketing firm Klear. Only 32 companies in the Russell 1000 make the form's detailed information public, according to a review by researcher Just Capital as of August 2019. They include Bank of America and Facebook Inc.