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Black Lives Matter Reckoning – Here’s what US companies are promising to do to fight racism

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by Jocelyn Fernandes
First Publishes: 20-06-2020

Friday (Juneteenth) in 2020 was a paid company holiday for employees at Nike. The same went for workers at Twitter, Target, General Motors, the National Football League and a variety of other businesses. JPMorgan Chase, Capital One and other banks will close branches early.

Companies big and small decided to recognize Juneteenth, a holiday that commemorates the end of slavery, after the killing of George Floyd set off an urgent national conversation about race.

Companies are usually quiet at moments of public upheaval and hesitant to take a political stand for fear of alienating customers. But since Floyd’s killing late last month, businesses of all kinds have expressed their solidarity with protesters, donated millions of dollars to organizations dedicated to racial justice or vowed to change their office cultures to be more inclusive.

But some have gone further, announcing intentions to make concrete changes inside their own institutions or in how they do business. Here is a list of some of the promises made.

Adidas

The sportswear giant said it would fill at least 30% of all open positions at Adidas and Reebok, which it also owns, with black or Latinx candidates.

Amazon

Amazon has placed a one-year moratorium on police use of Rekognition, its facial recognition technology, which has come under fire for its unfair treatment of African Americans.

IBM

Similarly, IBM said it would no longer offer, develop or research facial recognition technology, citing potential human rights and privacy abuses.

Andreessen Horowitz

The investment firm donated $2.2 million to start the Talent x Opportunity fund, a program designed to support entrepreneurs from underserved communities. The company will provide entrepreneurs with seed capital and training to help start their businesses.

Apple

The technology company is creating an entrepreneurship camp for black software developers to promote their best work and ideas and said it would increase the number of black-owned suppliers that provide materials for its operations.

Estée Lauder

The cosmetics brand said it would make sure the percentage of black employees at all levels in the company would mirror the percentage of black people that make up the United States population within the next five years. It also committed to doubling recruits from historically black colleges and universities in the next two years. Over the next three years, the company committed to doubling the amount it currently spends on sourcing ingredients, packing materials and supplies from black-owned businesses.

Facebook

The company pledged to double the number of its black and Latinx employees by 2023 and to increase the number of black people in leadership positions by 30% over the next five years. Facebook also committed to spend at least $100 million annually on black-owned suppliers, from marketing firms to construction companies.

FitBit

The company behind the fitness app said it would support research projects to address health conditions that disproportionately affect black people, including COVID-19. FitBit also pledged to offer more workouts from black fitness influencers on its app and feature them on its social media channels.

NASCAR

The motor sports organization has barred Confederate flags from its events and properties. NASCAR had begun asking fans to stop bringing Confederate battle flags to its races in 2015, but many have flown the flag anyway, hoisting it atop campers and RVs on fields around racetracks. NASCAR said it would set protocols for how the ban will be enforced at its tracks.

PayPal

The payment platform created a $500 million fund to support black and minority businesses by strengthening ties with community banks and credit unions serving underrepresented communities as well as investing directly in black and minority-led startups. Another $10 million was set aside for grants to assist black-owned businesses affected by COVID-19, with an extra $5 million to fund program grants and employee matching gifts for nonprofits working with black business owners. PayPal also pledged to put $15 million into efforts to create more robust internal diversity and inclusion programs.

PepsiCo

The beverage giant said it would increase the number of black managers at the company by 30% by 2025. It committed to adding more than 250 black employees to its managerial positions, including a minimum of 100 black employees to their executive ranks. It said it would double spending with black-owned suppliers and create more jobs for black people at the company’s marketing agencies.

Pinterest

It said it would work to showcase content about racial justice on the platform and remove all ads from Black Lives Matter search results so users can focus on learning about the movement.

Sephora

The beauty chain took the 15 Percent Pledge, which means it will look to increase the amount of shelf space given to products from black-owned businesses to 15%.

Rent the Runway

Also committed to the 15 Percent Pledge, to allow Black-owned businesses to occurpay shelf space to fifteen percent.

SoftBank

The Japanese conglomerate said it would start a $100 million fund to invest in companies led by minority entrepreneurs in the United States.

Target

The retailer, which has its headquarters in Minneapolis, where Floyd was killed, is donating 10,000 hours of consulting services for small businesses owned by black people in the Twin Cities to help with rebuilding efforts.

Trek

The bicycle manufacturer plans to create 1,000 cycling industry jobs for black people by investing $2.5 million over 10 years in a new retail management and bicycle training scholarship program. It also pledged to invest $5 million over the next three years to establish new bike shops in underserved communities, with the goal of building 50 stores in 10 years. To help make competitive cycling more diverse, Trek pledged to establish a scholarship fund to equip 25 National Interscholastic Cycling Association teams made up of children of diverse ethic backgrounds for the next 10 years.

Viacom CBS

One of Viacom’s subsidiaries, BET, launched a $25 million social justice initiative called Content for Change. On Friday, it started airing original short-form programming and a slate of films including “Selma” and “Do the Right Thing.”

Walmart

The retail giant said it would end the practice of storing “multicultural cosmetic products” in locked cases in its stores. CVS and Walgreens followed suit. Walmart also said it would invest $100 million over the next five years to create a Center on Racial Equity. The center’s mission will be to support philanthropic initiatives that address systemic racism in American society, including job training and criminal justice reform.

Warner Media

Warner Media committed on June 4 to providing on-air advertising to Color of Change, a nonprofit civil rights advocacy organization, and the NAACP Legal Defense and Educational Fund Inc. The company also announced it was giving $500,000 to its content innovation program, OneFifty, to support the development of issue-focused shows from underrepresented communities. HBO Max, owned by WarnerMedia, temporarily removed “Gone With the Wind” from its library in the wake of the Floyd protests but later said the film would return to the platform, accompanied by an introduction that puts the film into historical context.

YouTube

The Google-owned platform invested in a $100 million fund to support and promote the work of black creators and artists. It also pledged to re-examine its policies to ensure that black users and artists are protected from white supremacist and bullying content.

Source msn.com