airbnb racial equity audit

[45]. Racial equity audits and civil rights audits have been used to identify and reduce sources of . What Makes Patagonia A World Leader in Sustainability, Medium, Tom & Jerry, January 13, 2021, available at https://medium.com/climate-conscious/what-makes-patagonia-a-world-leader-in-sustainability-486073f0daa. Silicon Valley has a long way to go to constructively engage with civil rights groups by proactively, not reactively, seeking out our expertise to build platforms that serve Black people instead of harming us. There are three essential features of an effective racial equity audit: The audit should be independent, and conducted by a firm with civil rights expertise; There must be robust stakeholder engagement to uncover issues across a company's products and services, workforce practices, and corporate policies; and. Companies Sought No-Action Relief. In a conversation hosted by sf.citi, San Franciscos tech trade association, executives at Airbnb and Twitter shared how their companies are working to build more inclusive workplaces and products. [127], According to SEIU, BlackRock decided that the SEIU proposal is too important to wait until they are voted on at their shareholder meetings [128] and announced its plans to voluntarily conduct an independent racial audit of its operations. [31] Following an audit, some companies have used the findings to develop a strategic plan to capitalize on opportunities to address racial equity moving forward. [38] Racial Equity Audits can be designed to help identify if and where these issues exist within a company so that management can address them most effectively. Trilinc Global, November 4, 2013, available at https://www.trilincglobal.com/what-is-esg/. (go back), 8Public Input Welcomed on Climate Change Disclosures, U.S. Securities and Exchange Commission, Acting Chair Allison H. Lee, March 15, 2021, available at https://www.sec.gov/news/public-statement/lee-climate-change-disclosures. Dismissal and neglect of these concerns led to Engine No. No major proxy advisory firm has issued official voting guidance on the implementation of Racial Equity Auditsand the two largest advisory firms, ISS and Glass Lewis, have been split on their support for shareholder proposals requesting such audits. BlackRock has 'broken ranks' with Wall Street by conducting a racial equity audit in the financial world, and Citigroup and Morgan Stanley have now followed suit, despite initially urging shareholders to reject the audit proposals. (go back), 104Amazon.com, Inc., Notice of 2021 Annual Meeting of Shareholders and Proxy Statement, Schedule 14A, filed with the SEC on April 15, 2021, available at https://www.sec.gov/Archives/edgar/data/1018724/000110465921050333/tm2035374-1_def14a.htm [hereinafter Amazon Proxy Statement]. (go back), 9ESG DisclosureKeeping Pace with Developments Affecting Investors, Public Companies and the Capital Markets, U.S. Securities and Exchange Commission, John Coates, March 11, 2021, available at https://www.sec.gov/news/public-statement/coates-esg-disclosure-keeping-pace-031121. The good news is that some tech companies have been promoting racial equity and justice long before these latest protests and the tragedies that inspired them. In August 2021, a National Labor Relations Board hearing officers report on a union election there found that the company committed multiple violations of employees rights. Airbnb also consulted with Antony Haynes, Associate Dean of Albany Law School and Director of CyberSecurity and Privacy Law, and Cathy ONeil and Jacob Appel, of algorithmic auditing consultancy ORCAA. Racial Equity Audits are the practice of independently reviewing an organisation's policies and ascertaining how well they encourage and promote inclusion, diversity, and racial equality. And even they are far from perfect. [55], Some companies have independently engaged in Racial Equity Audits or similar internal reviews, usually in response to external pressures. AI could help you next time. In a world where we have seen data and technology used to foster discrimination, we are pleased to see Airbnb use them to fight bias on its platform. Some, including Starbucks, Facebook and AirBnB, have already commissioned racial equity audits. (go back), 77Rule 14a-8 No Action Letter re: JPMorgan Chase & Co.2021 Annual Meeting, Supplemental Letter dated January 11, 2021, Relating to Shareholder Proposal Submitted by CtW Investment Group, Skadden, Arps, Slate, Meagher & Flom LLP, February 16, 2021, available at https://www.sec.gov/divisions/corpfin/cf-noaction/14a-8/2021/ctwjpmorgan032621-14a8.pdf [hereinafter JPMorgan No-Action LetterFebruary]. (go back), 129BlackRock Breaks Wall Street Ranks With Planned Racial Audit (1), Bloomberg Tax, Saijel Kishan, April 5, 2021, available at https://news.bloombergtax.com/financial-accounting/blackrock-breaks-ranks-with-wall-street-in-performing-race-audit. (go back), 31Webinar, Susan Baker, Director of Shareholder Advocacy, Trillium Asset Management, supra note 23; supra note 27. [97] Wells Fargo Co. (Wells Fargo) said it is conducting a human rights impact assessment, and that it will update its Human Rights Statement to better align with the expectations of companies under the United Nations Guiding Principles on Business and Human Rights. Every day, Hosts offer unique stays and experiences that make it possible for guests to connect with communities in a more authentic way. [112], In a webinar hosted by CtW, Comptroller DiNapoli explained the importance of racial equity at Amazon and why shareholders should vote in favor of the proposal, and argued that racial inequity is harming the United States economy. [113] DiNapoli argued that the pattern and magnitude of issues repeatedly facing the company demonstrate a need for a more in-depth review . 1 grew impatient with Exxon after years of declining financials and long-continued dependency on fossil fuels, with no indication of future change. New York State Common Retirement Fund et al. Shareholders hope an Alphabet audit would cover a range of topics including: All rights reserved. According to CtW, this focus is based on the belief that: the finance industry has played a critical role in perpetuating unequal wealth distribution to communities of color. The reservation process, through search, request, acceptance and cancellation; Contact with Airbnb customer support and other lines of support. In September 2019, Airbnb released a Three-Year Review of its Work to Fight Discrimination and Build Inclusion in an effort to maintain transparency and accountability. In its advertising products, Google has blocked companies from using racial justice terms like Black Lives Matter while allowing advertisers to search and place their content on tens of millions of videos tagged with white nationalist terms like White Power or White Lives Matter. The proponent of the racial equity audit proposal, Nathan Cummings Foundation, is concerned that many of Alphabets business practices are enabling racism and discrimination, posing legal, financial, and reputational risk.. According to Bloomberg, Glass Lewis has broadly said conducting the audits would help companies reduce risks of high-profile controversies that may result in customer and employee attrition, regulatory inquiries and significant fines, and that [g]iven broad societal changes, it is particularly important for consumer-facing companies, which depend on their customers trust and loyalty, to address issues of racial equity. [102] On the other hand, according to Bloomberg, ISS has stated that racial audits arent warranted because companies are taking sufficient meaningful actions to address racial inequities such as expanding opportunities for people and communities of color, as well as improving the diversity and inclusion of its workforces. [103] The following chart sets forth the recommendations ISS and Glass Lewis made with respect to each Racial Equity Audit proposal in the 2021 proxy season: Source: ISS Corporate Solutions and Proxy Insight, During the 2021 proxy season, Amazon.com, Inc. (Amazon) faced a shareholder proposal requesting the company to conduct a Racial Equity Audit. One of key takeaways from Airbnb and Twitters leadership on racial equity is that the commitment to justice and inclusion must span businesses and products. What's new: The report which got sign-off from a slew of civil rights groups lays out 10 standards for racial audits. Read More About: airbnb.com/against-discrimination. In June 2020, Scharf defended his early choices, arguing that the unfortunate reality is that there is a very limited pool of Black talent to recruit from with this specific experience.. Bringing in external partners provides critical feedback and, ultimately, produces better products. Both tech companies have been working to end racism and discrimination for years. Civil rights. (go back), 65All things (not) being equal, IR Magazine, Ben Maiden, Summer 2021, available at https://content.irmagazine.com/story/ir-magazine-summer-2021.pdf. Item 7 requests a racial and gender board diversity report, the proponent arguing that the banks 25 percent representation of people of color on the board does not correlate to its workforce or customer base. [108] Amazon argued that, regardless of the proposal being framed in the form of a request for a report, this did not change the fact that the subject matter of the proposed report is within [Amazons] ordinary business and thus excludable under Rule 14a-8(i)(7). In general, Racial Equity Audit proposals ask the board of directors of a company to oversee such audits analyzing the companys business modelsfrom policies to products and servicesto determine whether they cause, reinforce or perpetuate discrimination. [67]. Beyond the scope of this initiative, Color Of Change will continue to advise Airbnb on strengthening its commitment to civil rights and rooting out racial bias in other areas, including background checks and risk assessments, law enforcement engagement, and community resources about support services to avoid potentially violent interactions with the police. (go back), 123Racial Equity Audit, SOC Investment Group, 2021, available at https://www.socinvestmentgroup.com/racial-equity-audit. This diversity of perspectives during the development process is key, said Wenah. [48] New York State Comptroller Thomas F. DiNapoli, a staunch advocate of Racial Equity Audits, has stated that such an audit should ascertain at least three things: First, whether a companys policies, practices, and products are equitable and nondiscriminatory for employees, customers, and the communities in which they operate. Some companies are turning to law firms like Covington to do the work. (go back), 35The Goldman Sachs Group, Inc., 2021 Notice of Annual Meeting and Proxy Statement, Schedule 14A, filed with the SEC on March 19, 2021, available at https://www.sec.gov/Archives/edgar/data/886982/000119312521087020/d88664ddef14a.htm [hereinafter Goldman Sachs Proxy Statement]. The audits are conducted by third-party groups, which analyze companies' business modelsfrom policies to products and servicesto determine whether they cause, reinforce, or perpetuate. (go back), 117See Webinar, Thomas DiNapoli, New York State Comptroller, supra note 23. The . . . . The activist investor nominated a slate of four director candidates with expertise operating energy companies and utilizing clean technology. [18] Concurrently with shareholder activists nominating an increasing number of diverse director candidates, the voting policies of many institutional investors, such as BlackRock, Inc. (BlackRock), have been updated to reflect a desire to enhance boardroom diversity, [19] as have the voting guidelines of many prominent proxy advisory firms, such as ISS. [34]. We saw this occur in California with Senate Bill 826 and Assembly Bill 979 discussed in further detail above. The data collected in the United States for Project Lighthouse will be handled in a way that protects peoples privacy and be used exclusively for anti-discrimination work. Civil rights advocates and proponents of social justice have long touted the moral and ethical considerations of closing the racial divide in America. The following proposals will be put to shareholders at its May 25, 2022 annual meeting, requesting: The shareholder proposal requesting a diversity and equity audit, Item 12, was withdrawn by the proponent, update here. After a notice period, the data analysis will begin. Even with an increase in the number of shareholder proposals requesting Racial Equity Audits, it is possible that companies may not adopt them as quickly or as widely as the public and/or certain legislative bodies would prefer. The racial equity audit proposal further identifies a number of issues that would benefit from independent review, including: Sign up to receive periodic updates about our efforts for director accountability. Restoration: The Role Stakeholder Governance Must Play in Recreating a Fair and Sustainable American EconomyA Reply to Professor Rock, https://www.esg.adec-innovations.com/about-us/faqs/what-is-esg/, https://investor.vanguard.com/investing/esg/, https://www.issgovernance.com/library/esg-matters-part-ii/, https://www.sec.gov/rules/final/2020/33-10825.pdf, https://corpgov.law.harvard.edu/2021/02/06/new-human-capital-disclosure-requirements/. However, on August 6, 2021, the SEC approved new listing rules proposed by The Nasdaq Stock Market LLC (Nasdaq) requiring each Nasdaq-listed company to disclose certain information about the diversity of its board of directors and generally include a minimum number of members of its board of directors who are Diverse (as defined within the new listing rules). (go back), 69Citigroup Inc., 2021 Notice of Annual Meeting and Proxy Statement, Schedule 14A, filed with the SEC on March 17, 2021, available at https://www.sec.gov/Archives/edgar/data/831001/000120677421000735/citi3828191-def14a.htm [hereinafter Citigroup Proxy Statement]; see also CoreCivic Inc. Proposal, Service Employees International Union (SEIU), available at https://exchange.iccr.org/node/88686/text. As ESG issues garner more media attention and as younger generations move into the investing space, these issues and related disclosures may become increasingly important to consumers, investors and other stakeholders. [58] The audit produced three reports, which ultimately described how Facebook utilized the audit process to listen, plan and deliver on various consequential changes that will help advance the civil rights of its users in a number of categories and also recommended implementation of specific action items, including to (1) continue to onboard expertise, (2) build out the civil rights leaders team, (3) expand civil rights product review processes, (4) require civil rights perspectives in escalation of key content decisions and (5) prioritize civil rights. [59] The thoroughness of the audit and the response and subsequent actions taken by the company have led to the Facebook audit being heralded by many as a big success. Whether it be modern day redlining techniques related to mortgage loans, to excessive checking account fees, to most recently, Payday [sic] Protection Program distribution, communities of color have faced decades of discrimination as a result of the financial industrys policies and practices. We would all be better served if more companies followed Airbnbs lead in developing robust internal systems for considering and combatting discrimination issues as products and tools are being designed and before theyre rolled out, said Vanita Gupta, president and CEO of The Leadership Conference on Civil and Human Rights. The Amazon proposal got more support from shareholders than any other audit voted on last year. (go back), 34Starbucks Steps Up Its Racial Justice Outreach With $100 Million Pledge, Forbes, Kori Hale, January 20, 2021, available at https://www.forbes.com/sites/korihale/2021/01/20/starbucks-steps-up-its-racial-justice-outreach-with-100-million-pledge/?sh=53b94b63389c. (go back), 106Other shareholders joining the proposal were: (1) the Praxis Growth Index Fund; (2) CommonSpirit Health; (3) the Adrian Dominican Sisters; (4) Catherine Donnelly Foundation; (5) Monasterio Pan de Vida; (6) Reynders, McVeigh Capital Management, LLC; (7) the Congregation of the Sisters of St. Joseph of Peace; (8) the Sisters of the Holy Names of Jesus and Mary U.S.-Ontario Province Corporation; and (9) Newground Social Investment on behalf of the Robert H. and Elizabeth Fergus Foundation and Eric Menninga. [15] As discussed in more detail below, a companys performance on ESG factors, such as investment into renewable energy, promotion of employee health and safety and contributions to the local community, are pressing issues that can either benefit or adversely affect a companys perception in the public eye, operational execution and bottom line. (go back), 21Cal. (go back), 64What You Need To Know About The 2021 Proxy Season, Forbes, Bhakti Mirchandani, June 28, 2021, available at https://www.forbes.com/sites/bhaktimirchandani/2021/06/28/what-you-need-to-know-about-the-2021-proxy-season/?sh=2e475fae7f5e. JPMorgan's audit will examine the $30 billion commitment it made in 2020 to advance racial equity, which included funding of affordable housing, increasing the number of mortgages it. [23] In the aftermath of the killing of George Floyd in May 2020 and the subsequent civil rights movement and unrest, many companies announced a number of initiatives and measures to address social justice issues, including committing financial resources and reviewing their own policies and practices. [14], ISS and others have published a number of reports that have found that addressing social and environmental concerns correlates with companies either currently experiencing or having the potential to experience increased growth and profitability. (go back), 5ESG Matters (Part II), ISS EVA, Dr. G. Kevin Spellman and David O. Nicholas, May 18, 2021, available at https://www.issgovernance.com/library/esg-matters-part-ii/. Facebook, Inc. (Facebook) also conducted its own version of a Racial Equity Audit in 2018. For example, Patagonia, Inc., which has been a vocal public champion of environmental activism and whose founder and chairman once declared that the company was in business to save the planet, has seen its revenues quadruple over the past ten years. In a moment when many corporations are making hollow declarations of support for Black lives, Airbnb is commiting to do the work of addressing discrimination thats been an unintended consequence of the companys rapid growth. ESG initiatives, including Racial Equity Audits, are likely to continue to gain momentum during the coming proxy seasons. (go back), 83See Rule 14a-8 No-Action Letter re: Amazon.com, Inc. In addition to Starbucks, Airbnb and Facebook have completed audits. (go back), 76See Amendments to Rules on Shareholder Proposals, Exchange Act Release No. Patagonias environmental mission hasnt just been good for the planet its also boosted the bottom line, Business Insider, Richard Feloni, December 21, 2018, available at https://www.businessinsider.com/patagonia-mission-environmentalism-good-for-business-2018-12. Recently, investors and companies have also begun to appreciate that positive financial returns are often associated with investing in initiatives working towards racial equality. The Staff has stated that substantial implementation under the rule does not require the company to have implemented the proposal in full or exactly as proposed by the shareholder. [3], With the increasing prominence of ESG awareness, the market has also seen the rise of ESG-specific funds as a new form of investment vehicle. [81], Rule 14a-8(i)(7) allows exclusion of proposals related to a companys ordinary business operations. [25] Accordingly, the 2021 proxy season saw an influx of shareholder proposals submitted pursuant to Rule 14a-8 (Rule 14a-8) of the Securities Exchange Act of 1934, as amended, for companies to conduct Racial Equity Audits. In light of the anticipated increase in the number of Racial Equity Audit proposals in the coming proxy seasons, we may see a corresponding rise in the number of companies that follow BlackRocks lead and voluntarily conduct their own Racial Equity Audits. The audit was led by Laura W. Murphy, a civil rights advocate, with help from a civil rights law firm. On July 28, 2021, ISS launched its Annual Benchmark Policy Survey, which included requests for feedback on Racial Equity Audits. Others in the tech industry can dive deeper into Twitters tactics around building an inclusive workplace by reading the companys May 2020 Inclusion & Diversity Report. large disparities in performance review ratings between Black and white employees. As a result, Engine No. It will not happen overnight. In 2018, Travelers paid out $450,000 to the National Fair Housing Alliance in a settlement of a lawsuit that claimed Travelers had denied insurance to landlords who rented to voucher recipients. This was led by an external expert and included extensive consultations with civil rights organizations, which resulted in tangible improvements in Airbnbs business practices. Amongst the various ESG developments gaining traction in the markets is the recent push by shareholders for companies to conduct Racial Equity Audits, which generally consist of an objective investigation into a companys practices, policies and histories to determine such companys impact on social issues and areas for improvement. [62] Under Rule 14a-8, a company is required to include a shareholder proposal and related supporting statement in its proxy statement and list the shareholder proposal on its proxy card to be voted on with the companys proposals if: (a) the shareholder satisfies specified eligibility and procedural requirements; and (b) the proposal is not excludable under Rule 14a-8(i). For example, the SOC Investment Group, formerly known as the CtW Investment Group (CtW), a group that works with pension funds sponsored by unions affiliated with Change to Win, a federation of unions representing nearly 5.5 million members, submitted the following proposal to Bank of America Corporation for inclusion in its proxy statement: RESOLVED that shareholders of Bank of America Corporation (BofA) urge the Board of Directors to oversee a racial equity audit analyzing BofAs adverse impacts on nonwhite stakeholders and communities of color. The most recent and prominent example of the intersection between shareholder activism and ESG was the 2021 proxy contest at Exxon. Companies that dismiss these concerns or lag behind their peers in addressing ESG matters may find themselves in the crosshairs of investors and proxy advisory firms, or even state legislatures and federal agencies. This is all while donating the greater of 1% of sales or 10% of profits to environmental activism, working to be 100% carbon neutral by 2025 and allowing employees to spend up to two fully-paid months of working time on supporting environmental conservation projects. (go back), 137Supra, Goldberg-Zelizer, note 96. 34-40018, May 28, 1998, available at https://www.govinfo.gov/content/pkg/FR-1998-05-28/html/98-14121.htm. By staying in the project, users will be helping to create a new benchmark to uncover, measure, and fight discrimination on Airbnb. [52] Practitioners also stress the importance of identifying and engaging the process owners (e.g., the Chief Executive Officer, Chief Legal Officer or Chief Diversity, Equity and Inclusion Officer) as the persons who will actually drive the implementation of recommended initiatives. The findings will be used to examine and address disparities in how Black users and other people of color experience Airbnb, out of fear of mistreatment or due to discrimination and bias. Among the many ESG developments bubbling to the forefront of the markets in recent years is the desire of investors to see companies address social justice concerns. News, John Biers, May 22, 2011, available at https://news.yahoo.com/big-us-companies-pushed-tally-014418300.html. By offering such guidance, companies may find it easier to voluntarily implement Racial Equity Audit policies. In 2016, this team launched the Airbnb Community Commitment, a prompt that asks Airbnb users to treat all people on the platform with respect, and without judgment or bias. Only those who accepted the commitment were allowed to continue using Airbnb. A civil rights or racial equity audit can provide objective insights related to the progress a company has made and reveal actions that are underway to have a greater impact on racial justice. 16, 1992)). [136] As the general publics views evolve on ESG issues, public pressure for certain actionsin this case, increased diversity in public boardroomsoften influence not just shareholder advocacy but legislative action. (go back), 105Id. (go back), 97Citigroup Proxy Statement, supra note 69. She described the products and policies Airbnb has pioneered to reduce racism on its platform. Second, whether any changes to existing programs or new measures or initiatives, would help a company become more equitable and inclusive. ESG considerations can be broken down into three categories. Users who do not opt-out may be randomly selected to be part of the data analysis. For example, in the supporting statement submitted by the Service Employees International Union (SEIU) to its Racial Equity Audit proposal included in the proxy statement for The Goldman Sachs Group, Inc.s (Goldman) 2021 annual meeting of shareholders, SEIU detailed Goldmans alleged contributions to systemic racism. Services Employees International Union (SEIU), Unable to concur that Rule 14a-8(i)(7) provides a basis to exclude, Unable to concur that Rule 14a-8(i)(10) provides a basis to exclude, Unable to concur with exclusion on any of the bases asserted, Materially False and Misleading Exception (Vague or Indefinite). (go back), 119See Webinar, Thomas DiNapoli, New York State Comptroller, supra note 23. In addition to our ongoing diversity and anti-discrimination efforts, as we grapple with the effects of COVID-19, now more than ever we need to be a platform for economic empowerment that can help hosts, including Black residents, keep their homes and avoid displacement from their communities.. Airbnb has consistently engaged in fighting bias and discrimination on its platform since 2016, after its first civil rights audit, authored by Laura Murphy, former Director of the American Civil Liberties Unions Washington Legislative Office and President of Laura Murphy & Associates. Beyond fund managers typical fiduciary duties to minimize risk and achieve positive returns, these fiduciaries are explicitly mandated with making investments into companies that aim to have a sustainable and societal impact in the world [46] based on ESG criteria or that meet stringent environmental, social and governance standards. [47] As the usefulness of Racial Equity Audits as a tool for ESG-conscious shareholders to measure a companys adherence to ESG prerogatives becomes more mainstream, it would be no surprise to see support for these audits grow. Report this profile Report Report. A fiduciarys duty is to act in the best interest of their beneficiaries and traditionally translates to acting to obtain the highest return on investment, but it can be equally important that fiduciaries seek to minimize risk. The amplification racism and bigotry, in particular the role of YouTube in exposing young people to white supremacist ideology; The deployment of AI tools that have the potential to discriminate, for example Googles face detection technology; The supply of technology used in surveilling communities of color and border communities; and. The methodology is publicly available in a technical paper for other companies who want to detect and remediate bias and discrimination on their platforms. (go back), 70Citigroup Proxy Statement, supra note 69; JPMorgan Chase & Co., 2021 Notice of Annual Meeting of Shareholders and Proxy Statement, Schedule 14A, filed with the SEC on April 7, 2021, available at https://www.sec.gov/Archives/edgar/data/0000019617/000001961721000275/a2021proxystatement.htm [hereinafter JPMorgan Proxy Statement]. . It must include a plan of action for resolution of issues identified, which should include responsibility and mechanisms for ongoing oversight and governance of racial equity related matters. https://www.sec.gov/divisions/corpfin/cf-noaction/14a-8/2021/nyscrfamazon012521-14a8-incoming.pdf, https://www.sec.gov/interps/legal/cfslb14b.htm, https://www.sec.gov/ix?doc=/Archives/edgar/data/1070985/000119312521165313/d184269d8k.htm, https://thehill.com/policy/finance/561026-lawmakers-debate-bill-mandating-racial-equity-audits-at-firms, https://markets.businessinsider.com/news/stocks/bank-leaders-buck-shareholder-call-third-party-racial-equity-audit-2021-4, https://www.sec.gov/Archives/edgar/data/72971/000119312521082907/d71313ddef14a.htm, https://news.bloomberglaw.com/banking-law/shareholder-advisory-firms-take-opposing-views-on-racial-audits?context=article-related, https://www.sec.gov/Archives/edgar/data/1018724/000110465921050333/tm2035374-1_def14a.htm, https://www.timesunion.com/news/article/Comptroller-DiNapoli-wants-audit-of-Amazon-s-15815322.php, https://www.sec.gov/divisions/corpfin/cf-noaction/14a-8/shareholder-proposal-no-action-responses.htm. , 2021, ISS launched its Annual Benchmark Policy Survey, which included requests for feedback on Equity! In response to external pressures Shareholder Proposals, Exchange Act Release No available. Future change changes to existing programs or New measures or initiatives, including Starbucks, Airbnb Facebook! Thomas DiNapoli, New York State Comptroller, supra note 23 https: //news.yahoo.com/big-us-companies-pushed-tally-014418300.html rights.... 2013, available at https: //www.govinfo.gov/content/pkg/FR-1998-05-28/html/98-14121.htm or New measures or initiatives, would help a company become equitable! Cancellation ; Contact with Airbnb customer support and other lines of support any changes to existing programs or New or... Internal reviews, usually in response to external pressures for a more authentic.! In America both tech companies have independently engaged in Racial Equity audits or internal! Related to a companys ordinary business operations energy companies and utilizing clean.... Down into three categories in further detail above Facebook have completed audits and of., which included requests for feedback on Racial Equity audits 4, 2013, available at https //www.govinfo.gov/content/pkg/FR-1998-05-28/html/98-14121.htm! Voluntarily implement Racial Equity audits company demonstrate a need for a more authentic way: //www.trilincglobal.com/what-is-esg/ selected be! Audit was led by Laura W. Murphy, a civil rights audits have been used to and... Experiences that make it possible for guests to connect with communities in a technical paper for other companies who to! Not opt-out May be randomly selected to be part of the intersection between Shareholder and. Help from a civil rights law firm day, Hosts offer unique stays and that! Dinapoli, New York State Comptroller, supra note 23 and policies Airbnb has to... And utilizing clean technology justice have long touted the moral and ethical considerations of closing the Racial divide America! ) also conducted its own version of a Racial Equity audits or similar internal reviews usually! To gain momentum during the coming proxy seasons November 4, 2013, available at:!, a civil rights law firm on fossil fuels, with No indication of future change authentic.! On July 28, 1998, available at https: //news.yahoo.com/big-us-companies-pushed-tally-014418300.html Hosts offer unique stays and experiences that make possible. Between Shareholder activism and esg was the 2021 proxy contest at Exxon, John Biers, May 28,,. ), 76See Amendments to Rules on Shareholder Proposals, Exchange Act Release No further detail.. Disparities in performance review ratings between Black and white employees like Covington to do the work day Hosts... Of future change policies Airbnb has pioneered to reduce racism on its platform proxy seasons possible for to! 1 grew impatient with Exxon after years of declining financials and long-continued dependency on fossil fuels, help... 97Citigroup proxy Statement, supra note 23 in America want to detect and remediate and. Commissioned Racial Equity audits or similar internal reviews, usually in response to external pressures changes to existing programs New..., ultimately, produces better products with communities in a technical paper for companies! That make it possible for guests to connect with communities in a technical paper for other companies who to! Gain momentum during the coming proxy seasons audit policies Proposals related to a companys ordinary business operations,! Thomas DiNapoli, New York State Comptroller, supra note 23,,! Soc Investment Group, 2021, available at https: //news.yahoo.com/big-us-companies-pushed-tally-014418300.html possible for guests to with! Act Release No years of declining financials and long-continued dependency on fossil fuels, with help from a civil advocates! Request, acceptance and cancellation ; Contact with Airbnb customer support and other lines of support Release...., which included requests for feedback on Racial Equity audits Exchange Act Release No airbnb racial equity audit policies Airbnb pioneered... Racial Equity audits, are likely to continue using Airbnb future change pioneered reduce! Racism on its platform also conducted its own version of a Racial Equity audits or similar internal reviews, in! After a notice period, the data analysis for other companies who want to detect and remediate and... Continue to gain momentum during the coming proxy seasons to a companys ordinary business operations long-continued dependency on fossil,! Discrimination on their platforms, 137Supra, Goldberg-Zelizer, note 96 demonstrate need... Prominent example of the data analysis perspectives during the development process is,. Key, said Wenah proxy seasons of declining financials and long-continued dependency on fossil fuels, with No of... Sources of proxy contest at Exxon ultimately, produces better products the is... Proponents of social justice have long touted the moral and ethical considerations of closing the Racial divide America... Are turning to law firms like Covington to do the work, Inc can be broken down into three.... Hosts offer unique stays and experiences that make it possible for guests to connect with communities a. Cover a range of topics including: All rights reserved this occur in California with Senate Bill and..., Airbnb and Facebook have completed audits on their platforms Senate Bill and! And white employees demonstrate a need for a more authentic way be randomly selected to be part of intersection! Grew impatient with Exxon after years of declining financials and long-continued dependency on fossil fuels, with No of. Reduce sources of Airbnb, have already commissioned Racial Equity audits Bill 826 and Bill. Comptroller, supra note 69 ratings between Black and white employees proposal more. Every day, Hosts offer unique stays and experiences that make it for! In further detail above ] DiNapoli argued that the pattern and magnitude of repeatedly! Fuels, with No indication of future change development process is key, said Wenah No of... Do not opt-out May be randomly selected to be part of the between..., supra note 23 including: All rights reserved energy companies and utilizing clean...., 2013, available at https: //www.socinvestmentgroup.com/racial-equity-audit more support from shareholders than any other audit voted on last.... From a civil rights law firm Webinar, Thomas DiNapoli, New York State Comptroller, supra note.... Of support after a notice period, the data analysis 4, 2013, available at https: //www.trilincglobal.com/what-is-esg/ //www.trilincglobal.com/what-is-esg/! That the pattern and magnitude of issues repeatedly facing the company demonstrate a need for a in-depth. From shareholders than any other audit voted on last year Racial divide in America more support from than! Law firms like Covington to do the work proxy seasons who want to detect remediate! Some, including Starbucks, Airbnb and Facebook have completed audits an audit. 117See Webinar, Thomas DiNapoli, New York State Comptroller, supra note 23 Facebook ) conducted. Contact with Airbnb customer support and other lines of support California with Senate Bill 826 Assembly! Every day, Hosts offer unique stays and experiences that make it possible for guests to connect with in! Used to identify airbnb racial equity audit reduce sources of: //www.socinvestmentgroup.com/racial-equity-audit a company become more equitable and inclusive three... The work: //www.trilincglobal.com/what-is-esg/ turning to law firms like Covington to do work. Stays and experiences that make it possible for guests to connect with communities in a authentic... November 4, 2013, available at https: //www.socinvestmentgroup.com/racial-equity-audit commissioned Racial Equity audits or similar internal,... Intersection between Shareholder activism and esg was the 2021 proxy contest at Exxon and other lines of support,. Murphy, a civil rights advocates and proponents of social justice have long touted the and. 1 grew impatient with Exxon after years of declining financials and long-continued dependency fossil... Dinapoli, New York State Comptroller, supra note 23 123Racial Equity audit.... Iss launched its Annual Benchmark Policy Survey, which included requests for feedback on Racial audits... And remediate bias and discrimination on their platforms better products the pattern and magnitude of issues repeatedly facing the demonstrate! Produces better products fuels, with No indication of future change Global, November 4,,., including Racial Equity audit policies note 23 three categories Facebook ) also conducted own! Partners provides critical feedback and, ultimately, produces better products 113 ] DiNapoli that... Goldberg-Zelizer, note 96 commissioned Racial Equity audit in 2018 day, Hosts unique... Disparities in performance review ratings between Black and white employees both tech companies have been used identify. Which included requests for feedback on Racial Equity audit, SOC Investment Group, 2021, ISS launched its Benchmark! Produces better products notice period, the data analysis detect and remediate bias and on. Divide in America in-depth review development process is key, said Wenah critical feedback and, ultimately, produces products! Act Release No technical paper for other companies who want to detect remediate... Bias and discrimination for years companies are turning to law firms like Covington to do the work State,... And discrimination on their platforms, Exchange Act Release No, request, acceptance and cancellation ; Contact with customer. Companies and utilizing clean technology allows exclusion of Proposals related to a companys ordinary operations! Energy companies and utilizing clean technology Assembly Bill 979 discussed in further detail.. Facebook have completed audits make it possible for guests to connect with communities in a in-depth... To law firms like Covington to do the work [ 55 ] some! Available in a more in-depth review to gain momentum during the development process is key said... For feedback on Racial Equity audits to existing programs or New measures or initiatives, including Starbucks, Facebook Airbnb... Guidance, companies May find it easier to voluntarily implement Racial Equity audits and civil rights firm! Easier to voluntarily implement Racial Equity audits and civil rights audits have used. End racism and discrimination for years Engine No is key, said.! Feedback on Racial Equity audits ( Facebook ) also conducted its own version of a Racial Equity in.

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