Black Lives Matter & Business
Acting on its fundamental responsibilities in the areas of human rights, labour, and anti-corruption, as well as its role as a leader in the business sector, the UN Global Compact Network UK is committed to being an anti-racist organisation, promoting anti-racism, and ensuring that the human rights of the Black community are respected and upheld through sustained action.
The essence of the Black Lives Matter movement is woven through the public commitments of UN Global Compact participants via our Ten Principles and the UN Sustainable Development Goals, particularly the Principles 1, 2, and 6 and the SDGs 8, 10, 16, and 17. The call to action on this agenda is not something new - it is simply a demand to live up to commitments that have already been made.
The historic discrimination against Black people in the workplace and the under-representation of Black people in positions of authority make this issue area a top priority for corporate action. To this end, we are calling upon all UN Global Compact participants to embed anti-racism into their behaviours, practices, and policies.
For more information on the corporate responsibility to eliminate all forms of racism, please visit the Anti-Racist Action for Business guide on the website of the UN Global Compact.
*Please note that the UN Global Compact Network UK is not affiliated with any political parties, groups, or campaigns in the UK or abroad.
UPCOMING BLACK LIVES MATTER & BUSINESS EVENTS
Black Lives Matter & Business 2021 Webinar Series
The second part of our Black Lives Matter & Business webinar series will build on the success of the first, addressing important new themes over the course of four interactive webinars (April-July). We will bring together business and civil society leaders to showcase how businesses are addressing salient race issues and provide inspirational sessions with actionable ideas.
The Black Lives Matter & Business 2021 webinar series is supported by HSBC.
22 April, 14:00-15:15 BST
At this webinar, participants will discuss the growing importance of ethnic diversity as an ESG metric and the impact of the Parker Review, explore why investment managers are increasingly calling on FTSE 100 companies to reveal and diversify the ethnic make-up of their boards and what are the implications for companies which fail to do so. The event will highlight good practice examples from the UK Network – companies with a diverse ethnic make-up of their boards, with a particular focus on good representation of Black people.
Alan N Smith,
Senior Advisor – Climate and ESG Risk,
Principles for Responsible Investment
Head of Retail Multi-Asset Funds,
Legal and General Investment Management
Director of Stewardship and Corporate Governance,
The Investment Association
Associate Director, Engagement,
The International Business of Federated Hermes
18 May, 14:00-15:30 BST
This webinar will showcase the opportunities and risks linked to the inclusion or exclusion of Black people in research and development processes of products and services, including, but not limited to, technology/AI, media, and retail.
17 June, 14:00-15:30 BST
At this webinar, participants will review the current state of Black representation in marketing and communications in different sectors and explore the opportunities this presents, as well as how to avoid blunders, misrepresentation, and cultural insensitivity. Leading companies will present good practice case studies and discuss how they can serve as inspiration for other businesses.
13 July, 14:00-15:30 BST
This webinar will explore the commercial advantages of supplier diversity programmes and inclusive procurement, particularly regarding the inclusion of Black-owned businesses in the supply chains of larger companies. This event will also consider remedies for the challenges faced by Black-owned businesses in gaining access to funding and corporate supply chains.
In our latest briefing, we explain what steps businesses can take to be anti-racist and positively contribute to the Black Lives Matter movement. We identify key challenges, practical actions, and useful resources that can help solve the problem of systemic racism in the workplace and beyond. Based on our 2020 webinar series.
We organised the first part of our Black Lives Matter & Business webinar series during the autumn/winter of 2020 to help our stakeholders navigate the pressing issue of systemic racism in the workplace.
These webinars, sponsored by NatWest Group, brought together large audiences to hear a diverse group of experts share insights into how companies and individuals can combat racism and improve recruitment, retention, and advancement of Black talent. You can access the recordings of all 2020 Black Lives Matter & Business webinars here.
RACE & ETHNICITY ACTION PLANS ACROSS THE UK NETWORK:
- Black Lives Matter: Do companies really support the cause? (BBC)
- FTSE 100 firms make ‘significant progress’ on boardroom diversity (People Management)
- Black Lives Matter: Campaign for black businesses has been 'extraordinary' (BBC)
- It’s up to businesses to keep the BLM movement alive (People Management)
- Ethnic minority firms excel 'against the odds' in the UK (Thomson Reuters Foundation News)
- '2021 is the year for action': Baroness Helena Morrissey on how and why white allies need to speak out against racial inequality (Investment Week)
- Company boards pressed to improve ethnic minority representation (Financial Times)
- Statement for the International Day for the Elimination of Racial Discrimination by Sanda Ojiambo, CEO & Executive Director of the UN Global Compact (UN Global Compact)