Racial equity audits progress
Apparently, banks are doing enough to manage racial inequality and have told shareholders to vote down racial equity audit resolutions at their forthcoming AGMs. While agreeing that Blacks Lives Matter and supporting demonstrations following the murder of unarmed black civilian George Floyd by a police officer last year, Citigroup, Wells Fargo, Bank of America, Goldman Sachs, JPMorgan do not agree that they need to demonstrate their commitment to equality in their own organisations. The shareholder proposals – put forward by the Service Employees International Union and CtW Investment Group – call on banks to review their practices and policies and identify ways to ‘avoid adverseRead More →