According to the US Constitution, race-based discrimination is illegal. And yet, progress is incremental and injustice persists. Corporations must be held accountable, as their influence on the issue is significant: as employers, suppliers, and neighbors. Some firms tout their commitment to diversity among their ranks, but results at executive levels are dismal: only 3 of the Fortune 500 companies’ CEOs are African-American. On the other hand, companies who perpetuate systemic inequality by ignoring the impacts of their businesses on communities of color are also part of the problem. Approximately 15 of the top 100 corporate air polluters emit more than 2/3 of their total air pollution in regions populated by racial / ethnic minorities. A recent study showed that Black and Hispanic Americans inhale a disproportionate amount of air pollution, which is predominantly caused by white Americans’ consumption of goods and services. Investors can take action and make a difference.
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OpenInvest has identified companies that hold themselves accountable to the public regarding their progress on employee diversity and their commitment to environmental justice. Our Racial Justice cause allow any investor to tailor their investments to only include those companies who are transparent about their progress on diversity targets, and to divest from those that disproportionately pollute in communities of color.