The Hispanic Association on Corporate Responsibility (HACR) released findings from its 2018 Corporate Inclusion Index (CII), a report that evaluates Hispanic inclusion in Corporate America, including many Fortune 100 companies and HACR’s corporate members.
The survey, which started in 2009, is led by the HACR Research Institute, and aims to measure Hispanic inclusion strategies in the areas of Employment, Procurement, Philanthropy, and Governance.
In total, there were 50 participating companies, 37 of which were Fortune 100 companies.
Noteworthy Fortune 100 companies who participated for the first time are:
- American Express
- Freddie Mac
- HP Inc.
- McKesson Corporation
- Medtronic, Inc.
- Northwestern Mutual
- Phillips 66
Key findings from the 2018 HACR CII include:
- Hispanics comprise an average of more than 17 percent of the total reported employee base for the 2018 HACR CII participants.
- On average, participants reported directing nearly 2 percent of total procurement spend to Hispanic-owned businesses.
- Nearly three-quarters of participants reported having a plan for outreach and corporate giving to local and national Hispanic organizations.
- Hispanics held just over seven (7) percent of board seats amongst the participating companies.
“On behalf of HACR and its’ Board of Directors we want to thank all the companies who participated in this year’s survey,” said Cid Wilson, president & CEO of HACR. “Your participation, transparency, and commitment to Hispanic inclusion are critical to ensure the success of the HACR Corporate Inclusion Index.”
“The data is moving in the right direction, but there is still work to do,” said Dr. Lisette Garcia, HACR senior vice president and chief operating officer. “The responsibility to do better is HACR’s as much as it is that of Corporate America. HACR will continue to work with those companies who are ready to make significant strides and improve their standing in the Hispanic community both within and outside their company.”
To access the 2018 HACR Corporate Inclusion Index report click here.