New Research From ACCP Highlights Lack of Diversity in Corporate Social Impact Industry
By:
3BL Media
May 09, 2022 at 20:05 PM EDT
Corporations Need to Invest in and Diversify Social Impact Teams to Deliver Effectively on Racial Equity CommitmentsSOURCE: ACCP DESCRIPTION:WASHINGTON, May 10, 2022 /3BL Media/ – Results from a first-of-its-kind research study of corporate social responsibility (CSR) professionals conducted by the Association of Corporate Citizenship Professionals (ACCP), in partnership with both the Building Movement Project (BMP) and Leverage Philanthropic Partners (LPP), clearly demonstrate a lack of BIPOC professionals working in the corporate social responsibility field. Further, the study shows that the field is underprepared to advance equity in their work. This is the first CSR-related study that disaggregates data by race and seniority. Findings include:
The report comes nearly two years after George Floyd’s murder sparked a nationwide racial justice movement. Corporate America pledged almost $50 billion towards racial equity in the wake of Floyd’s death, and many companies have made diversity, equity, and inclusion a priority within their organizations and particularly in their social impact programs. Yet, challenges remain, with key staff lacking the lived experience, training, and resources needed to affect real change. “The bottom line is that Corporate Social Impact teams lack the diversity and lived experience of the people and communities their programs are designed to serve, particularly at the senior leadership level,” said Carolyn Berkowitz, CEO of ACCP. “And without addressing these deficiencies, companies will not achieve their publicly stated racial equity goals.” “When it comes to corporate giving, there is a direct relationship between where and how funding flows to community partners and who sits in seats of power and influence,” shared Edgar Villanueva, Principal, Leverage Philanthropic Partners & Decolonizing Wealth Project in the study’s foreword. “Corporate giving should be informed by people who understand the issues communities face because they come from those communities – and share the same historically marginalized backgrounds and lived experiences.” The findings are part of a research report, Advancing Equity in the Corporate Social Impact Profession. The report outlines a five-part action plan for the social impact profession and its corporations to advance racial equity and maximize the return on their social impact investments:
Advancing Equity in the Corporate Social Impact Profession was funded by Bank of America, CAF America, Coca-Cola Company, ESPN, Georgia-Pacific, KPMG, Salesforce, and Walmart. The findings are based on survey responses of more than 200 CSR professionals and insights gleaned from focus groups of BIPOC professionals in the field, led by Building Movement Project & Leverage Philanthropic Partners. Research Methodology Access the complete Advancing Equity in the Corporate Social Impact Profession report here. The Association of Corporate Citizenship Professionals (ACCP) is the membership association for purpose-driven companies and a career-long resource for corporate citizenship professionals. ACCP advances the effectiveness of corporate social impact professionals by sharing knowledge, fostering solutions, and cultivating inclusive peer communities so they can do the most good—in their companies, their communities, and around the world. For more information, visit www.accp.org. Leverage Philanthropic Partners Building Movement Project Media Contact KEYWORDS: ACCP, Association of Corporate Citizenship Professionals More NewsView More
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