Just 1 % of Fortune 500 companies led by Black chief executives: World Economic Forum

PTI | Bengaluru | Updated: 03-03-2021 11:38 IST | Created: 03-03-2021 11:38 IST
Just 1 % of Fortune 500 companies led by Black chief executives: World Economic Forum

Just one per cent of Fortune 500 companies are led by Black chief executives, Managing Director at the World Economic Forum (WEF), Saadia Zahidi said.

Bengaluru-headquartered information technology services major Wipro Limitedon Wednesdayannounced that it has joined thePartnering for Racial Justice in Business initiative launched by the WEFto promote a culture of diversity, inclusion, equity and justice for people of all racial backgrounds in the workplace.

''With just one per cent of Fortune 500 companies led by Black chief executives, the need to tackle racial under- representation in business is urgent and obvious,'' Zahidi was quoted as saying in a Wipro statement.

To design racially and ethnically just workplaces, companies must confront racism at a systemic level, addressing not just the structural and social mechanics of their own organisations, but also the role they play in their communities and the economy at large, she said.

''The 'Partnering for Racial Justice in Business initiative' provides an effective platform for businesses to take individual and collective action towards racially and ethnically just workplaces,'' Zahidi said.

Wipro said the initiative is aimed towards driving action and accountability for companies to confront racism at a systemic level, set new global standards for racial justice in business and accomplish necessary policy changes for inclusion and advancement of professionals with under-represented racial and ethnic identities.

Chief Executive Officer and Managing Director, Wipro Limited, Thierry Delaporte, said, ''Without a doubt, we must be inclusive in our hiring process, create new platforms to engage with employees and alleviate existing racial tensions, encourage racial empathy, and cultivate a fully inclusive and welcoming workplace.'' PTI RS ROH ROH

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


TRENDING

OPINION / BLOG / INTERVIEW

Viral variants and vaccine nationalism pose two-pronged threat to Covid victory

... ...

Tracking Fintech during COVID-19: Harnessing power of technology

Its abundantly clear now that as fintech cements its place in the financial sector, accelerated further by the COVID-19 pandemic, it could open the sector to new possibilities by harnessing the power of technology to deliver financial ...

Tectonic turns: How technology shaped healthcare over the decades

Tracing an episodic evolution, with technology at the interface of human and his health....

World Water Day sees crises of inequality in countries both rich and poor

... ...

Videos

Latest News

Gunman who killed 8 workers at Indianapolis FedEx site had been detained for mental illness

The gunman who opened fire at a FedEx site in Indianapolis, killing eight workers, then himself, was a 19-year-old former employee with a history of mental illness that led to his detention by law enforcement last year, police and FBI offic...

Reuters Sports News Summary

Following is a summary of current sports news briefs.World champion Colemans ban reduced but he still misses OlympicsWorld 100 metres champion Christian Coleman had his two-year ban for breaching anti-doping whereabouts rules reduced to 18 ...

Reuters US Domestic News Summary

Following is a summary of current US domestic news briefs.NASA rules, Musk says as SpaceX wins 2.9 billion moon lander contractNASA awarded billionaire entrepreneur Elon Musks space company SpaceX a 2.9 billion contract to build a spacecraf...

Reuters World News Summary

Following is a summary of current world news briefs.Castro era in Cuba to end as Raul confirms hes retiringRaul Castro confirmed he was handing over the leadership of the Cuban Communist Party to a younger generation at its congress that ki...

Give Feedback