Partnering For Racial Justice In Business: An WEF Initiative

• 27 Jan 2021

The World Economic Forum has launched the Partnering for Racial Justice in Business initiative, which will see a coalition of organizations commit to building equitable and just workplaces for professionals with under-represented racial and ethnic identities.

• The Partnering for Racial Justice in Business initiative has been designed to operationalize and coordinate commitments to eradicate racism in the workplace and set new global standards for racial equity in business. It also provides a platform for businesses to collectively advocate for inclusive policy change.

Three steps are required to join the initiative:

• Racial and ethnic equity must be placed on the board’s agenda
• Companies must make at least one commitment towards racial and ethnic justice in their organizations
• Companies must put a long-term strategy in place towards becoming an anti-racist organization
• One of the initiative’s starting points will be Black inclusion and addressing anti-Blackness.
• The initiative originates from the World Economic Forum’s New Economy and Society Platform, which is focused on building prosperous, inclusive and just economies and societies.
• Tata Consultancy Services is one of the founding members of this coalition.