More than 30 major companies — including Goldman Sachs, Wells Fargo, General Motors and Target — have agreed to publicly share their government diversity reports by early next year.
New York City Comptroller Scott Stringer, who advises the city’s public retirement funds, said Monday that 34 companies — some of which had refused to release the same reports as recently as last year — would disclose their full data by March 2021.
The announcement follows a campaign Stringer launched in July, as corporate America rushed to respond to protests spotlighting police brutality against Black Americans with promises to improve diversity. His office sent letters to 67 major firms that issued statements, urging them to “walk the walk and publicly disclose” their workforce demographics by Aug. 30 or risk being targeted with shareholder proposals next year.
“Companies know there is growing investor interest in workplace diversity, particularly given the public outcry over racial justice and the lack of representation in corporate America,” Stringer said in an emailed statement. “Investors need this data so we can assess company performance and hold them accountable.”