Infosys, TCS, Cognizant join WEF coalition to tackle workplace racism

PTI | New Delhi | Updated: 25-01-2021 13:22 IST | Created: 25-01-2021 12:58 IST
Infosys, TCS, Cognizant join WEF coalition to tackle workplace racism
Infosys logo Image Credit: ANI

Indian IT majors Infosys and TCS on Monday joined global giants like Microsoft, Facebook, Google and Bank of America in an international coalition launched by the World Economic Forum to tackle racism in workplaces.

Announcing the coalition during its week-long online Davos Agenda Summit, the WEF said it would work towards improving racial and ethnic justice in the workplace.

The founding members include 48 organizations representing 13 industries, with more than 55 lakh employees worldwide and with headquarters in three continents, the WEF said.

It further said companies must put racial and ethnic justice on their board's agendas, take at least one firm action and set a long-term strategy to become an anti-racist organization and build equitable and just workplaces for professionals with under-represented racial and ethnic identities.

Examples of business commitments towards racial and ethnic justice range from allocating financial and human resources to racial justice work, setting representation goals for all seniority levels, and establishing mentorship programmes for racially and ethnically diverse employees. One of the initiative's starting points will be Black inclusion and addressing anti-Blackness.

''With just 1 per cent of Fortune 500 companies led by Black chief executives, the need to tackle racial under-representation in business is urgent and obvious,'' WEF Managing Director Saadia Zahidi said.

The founding members of the coalition also include AP Moller-Maersk, AlixPartners, AstraZeneca, BlackRock, Bloomberg, Boston Consulting Group, Bridgewater Associates, Centene, Cisco, Cognizant, Dentsu International, Deutsche Bank, EY, H&M, Henry Schein, HP and IKEA.

Other members are Jacobs Engineering Group, Jefferson Health, Johnson & Johnson, Kaiser Permanente, Kearney, LinkedIn, ManpowerGroup, Mastercard, Mayo Clinic, McKinsey, Nestle, PayPal, Procter & Gamble, PwC, Salesforce, SAP, Standard Chartered Bank, Coca-Cola, Depository Trust & Clearing (DTCC), Thermo Fisher Scientific, Uber, Unilever, UPS and Willis Towers Watson.

The WEF said the COVID-19 pandemic continues to widen inequalities, with disproportionate repercussions for disadvantaged groups and minorities.

At the ongoing summit global leaders will discuss what policies, practices and partnerships are needed to embed equity and inclusion into our economic systems.

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


TRENDING

OPINION / BLOG / INTERVIEW

Addressing conflict-related sexual violence at long last

... ...

Why unequal access to coronavirus vaccines is a threat to us all

... ...

India’s love affair with fossil fuels: the path to sustainable development?

... ...

Videos

Latest News

Delhi govt budget: Rs 16,377 crore allocated for education

The Delhi government on Tuesday allotted Rs 16,377 crore for education for the financial year 2021-22.Presenting the budget in the Delhi assembly, Deputy Chief Minister Manish Sisodia said like the previous six years, education this time to...

Rahul should be sent back to school to know what ministries exist under Centre: Giriraj Singh

Attacking Rahul Gandhi over his comments on creating a separate fisheries ministry, Union Minister Giriraj Singh on Tuesday said the Congress leader should be sent to school so that he knows what ministries and departments exist under the c...

Vijayakanth's DMDK walks out of AIADMK-led front in TN following differences over seat-sharing

The ruling AIADMKs ally DMDK on Tuesday walked out of the alliance protesting non-allocation of specific constituencies and the number of seats it sought for the April 6 assembly elections in Tamil Nadu.After three-rounds of protracted nego...

Delhi will bid for 2048 Olympics, says Delhi CM

Delhi Chief Minister Arvind Kejriwal said that the national capital will bid to be the host of the Olympics in 2048 adding that a vision has been provided for the same in the Delhi Budget presented on Tuesday. A vision has been provided in ...

Give Feedback