These American corporations are advancing their diversity targets

Nasdaq on Wednesday became the first stock exchange on Wall Street to push the more than 3,000 companies listed on it to have more diverse boardrooms. But corporate America has already pledged to hire in a way that reflects the country’s diverse population better.Major companies in the US advanced their diversity targets in 2020, in line with a push by governments and shareholders around the world.

The iPhone maker has pledged a $100 million to the Racial Equity and Justice Initiative to address racism in the workplace. Apple is also launching a new developer entrepreneur camp for Black developers. Credit: Reuters Photo

Social media giant Facebook announced in June 2020, that it will increase diversity in its leadership by at least 30% over the next 5 years. Facebook will also provide support worth $200 million for Black-owned businesses. Credit: AFP Photo

Bill Gates' software giant has announced support worth $150 million for inclusion in its workplace along with a promise to double the number of Black and African American people in its senior management, a move which landed the company in trouble with the Labour department of the US government recently. Credit: AFP Photo

Google’s parent company has set the target of increasing leadership representation of underrepresented groups by 30% in the company by 2025, along with a pledge of committing $175 million in funding to related businesses. Credit: Reuters Photo

The chipmaker wants to bring about more representation for women and minorities in senior roles in the next decade, the company said in its recent Corporate Responsibility report. Credit: Reuters Photo

Entertainment streaming giant Netflix will commit 2% of its cash holdings or up to $100 million initially towards institutions that directly support Black communities in the US. Credit: Reuters Photo

In a blog post in October, Starbucks announced that people of colour would represent 30% of its corporate employees at all levels. It will also have people of colour occupy at least 40% of its retail and manufacturing jobs by 2025. Credit: Reuters Photo

Sports design company Adidas also aims to diversify its hiring and support the Black community such that a minimum of 30% of all its new positions are filled by Black and Latino people. It will also funnel funds worth $120 million to communities fighting racial injustice. Credit: Reuters Photo

Both CBS and NBC networks want to see minorities behind and in front of the camera. They have pledged that at least 50% of talent they hire will be BIPOC, which stands for Black, Indigenous or People of Colour. At least 25% of CBS’ budget will be allocated to BIPOC producers. Credit: Twitter/ @CBS/@NBC