Racial equity audits are one of the latest tools companies are using to gauge their compliance with the social component of environmental, social and governance (ESG). Recently, a growing number of companies are facing shareholder proposals requesting that a racial equity audit be performed. This Bloomberg Law article delved into the benefits of companies performing these audits before facing a shareholder proposal. Those benefits include, among other things, reducing the risk of liability, increased profitability, improved stakeholder relationships and greater strategic control.
"How Proactive Racial Equity Audits Can Increase Company Profits," Bloomberg Law, November 30, 2022
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