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Inclusion 2021 – Chats with Cornell Verdeja-Woodson, Director of Diversity, Equity, and Inclusion at Headspace

Ahead of his speaking participation at the online DEI festival, INCLUSION 2021, we caught up with Cornell Verdeja-Woodson, Director of Diversity, Equity, and Inclusion at Headspace, and Founder & CEO of Brave Trainings on his thoughts on Diversity, Equity, Inclusion, and Belonging in the workplace.

Don’t miss your chance to catch Cornell speaking on an exclusive panel discussion at INCLUSION 2021, the leading virtual global business festival dedicated to equity, diversity & inclusion in the workplace.

Discussing Working towards a racially just workforce: One year on from global Black liberation uprisings 2020, Cornell will be joined by Leslie Gray, Head of Diversity & Inclusion and Chief of Staff, Office of the CEO at Mozilla and Asif Sadiq MBE, Senior Vice President, Head of Equity and Inclusion at WarnerMedia International. Together they will tackle:

  • How have the commitments made by companies to address racial inequalities across the world since June 2020 translated into action? Has adequate progress been made in the short term? 
  • What should companies be aiming for in regards to quotas, and what are the pitfalls when quotas are the only driver for race diversity
  • How can companies create a safe work environment for Black and people of colour – what actions can be implemented?
  • There is also an emotional tax associated with being Black in the workplace – what are companies doing to ensure the wellbeing of their BIPOC employees?
  • Who is getting it right and from where can we draw inspiration?

Want to be part of this year’s conversation? Then what are you waiting for? Sign up now and claim your free pass to attend the fastest-growing virtual event in the industry – INCLUSION 2021.

Experience a packed agenda featuring the biggest names in DE&I, interactive workshops and roundtables, plenty of social activities, and regular networking opportunities.

By attending, you will be able to:

  • Learn from in-depth D&I keynotes, case studies and panel discussions
  • Join interactive workshops and roundtables
  • Connect with essential D&I contacts at our online diversity exhibition
  • Grow your network during our INCLUSION social hour meetups
  • Discover how to support minorities, heal divides and increase staff unity

Hear from our incredible high profile line-up of 75+ expert speakers leading the charge for diversity, equity, and inclusion change in the workplace, including:

Visual Portfolio, Posts & Image Gallery for WordPress

Rashmi Verma – Head of Diversity and Inclusion – Hugo Boss

Rashmi Verma, Global Head of Diversity & Inclusion at HUGO BOSS
Rashmi Verma, Global Head of Diversity & Inclusion at HUGO BOSS

Joseph Nwosu – Co-Lead of the Black Experian Network ERG

Joseph Nwosu, Co Lead of the Black at Experian Network (ERG) at Experian
Joseph Nwosu, Co Lead of the Black at Experian Network (ERG) at Experian

Cecilia Weckstrom – Senior Global Diversity and Inclusion Director – Lego Group

Cecilia Weckstrom, Senior Global Director, Head of Diversity, Inclusion & People Innovation at LEGO Group
Cecilia Weckstrom, Senior Global Director, Head of Diversity, Inclusion & People Innovation at LEGO Group

Michael Vermeersch – Digital Inclusion Lead and Chair – UK Disability ERG – Microsoft

Michael Vermeersch, Digital Inclusion Lead & Chair, UK Disability ERG at Microsoft
Michael Vermeersch, Digital Inclusion Lead & Chair, UK Disability ERG at Microsoft

Michael Anaman – Head of Service Delivery and Head of Inclusion – Now TV

Michael Anaman, Head of Service Delivery and Head of Inclusion at NOW TV
Michael Anaman, Head of Service Delivery and Head of Inclusion at NOW TV

Putri Realita – Global Diversity and Inclusion Lead – Danone

Putri Realita, Global Diversity and Inclusion Lead at Danone
Putri Realita, Global Diversity and Inclusion Lead at Danone

Leslie Gray MBA – Head of Diversity and Inclusion and Chief of Staff – Office of the CEO – Mozilla

Leslie Gray MBA, Head of Diversity & Inclusion and Chief of Staff, Office of the CEO at Mozilla
Leslie Gray MBA, Head of Diversity & Inclusion and Chief of Staff, Office of the CEO at Mozilla

Abigail Wilmore – Chief People Officer – Stella McCartney

Abigail Wilmore , Chief People Officer at Stella McCartney
Abigail Wilmore , Chief People Officer at Stella McCartney

Become a show sponsor…

Join RW3, WorkJam, Personio and BiasProof in the movement for change. Becoming an official partner or exhibitor at INCLUSION 2021 will help raise your visibility, connect with your target audience, develop your talent pipeline and improve your profitability. Position your brand as a real leader in the global movement for D&I change in the workplace. Click here for more information.

We can’t wait to see you in October. Tickets are limited, so make sure to grab yours now before they run out.

Thank you to all our sponsors:

Platinum Sponsor

Culture Wizard by RW3 - Global Inclusion Experts

Gold Sponsor

WorkJam

Silver Sponsors

Personio - The HR Operating System
BIASPROOF

Partners

Inclusion 2021 Partners - OutBuro LGBTQ Professionals lesbian gay bisexual transgender nonbinary queer onlin networking community job listings

Our Partner Charity

autistica

Inclusion 2021 Summit - OutBuro LGBTQ profession entrepreneur networking online community gay lesbian transgender queer bisexual nonbinary

Inclusion 2021 Summit – Equity, Diversity, and Inclusion in the Workplace

Don’t miss your chance to catch an exclusive panel discussion at INCLUSION 2021, the leading virtual global business festival dedicated to equity, diversity & inclusion in the workplace. OutBüro is a partner and will be hosting LGBTQ+ Inclusion break-out sessions and available in the main lobby for additional information and engagement.

Discussing Wellbeing in a Post-Pandemic World – Defining Expectations and Reprogramming Routines, Anna Mouchref, Leading Culture & Diversity, Siemens Digital Industries; Praveen Gopalan, Environmental Sustainability & Employee Engagement Programme Manager for BBC Studios and Dr. Shaun Davis, Global Director of Safety, Health, Wellbeing & Sustainability, Royal Mail will cover:

  • What impact has the pandemic had on employee wellbeing over the last year – can this be measured, and if so, how?
  • As many organisations move to a hybrid workforce model, what should be considered and implemented in terms of employee wellbeing?
  • What steps can and should leaders take to role-model behaviours, to promote a culture of wellbeing among their workforce?
  • Why is a more holistic relationship between work and life more beneficial and what has been the impact of the pandemic
  • How can you stay agile and review the approach to wellbeing in response to changing external factors?

Want to be part of this year’s conversation? Then what are you waiting for? Sign up now and claim your free pass to attend the fastest-growing virtual event in the industry – INCLUSION 2021.

Experience a packed agenda featuring the biggest names in DE&I, interactive workshops and roundtables, plenty of social activities and regular networking opportunities.

By attending, you will be able to:

  • Learn from in-depth D&I keynotes, case studies and panel discussions
  • Join interactive workshops and roundtables
  • Connect with essential D&I contacts at our online diversity exhibition
  • Grow your network during our INCLUSION social hour meetups
  • Discover how to support minorities, heal divides and increase staff unity

Hear from our incredible high profile line-up of 75+ expert speakers leading the charge for diversity, equity, and inclusion change in the workplace, including:

Visual Portfolio, Posts & Image Gallery for WordPress

Rashmi Verma – Head of Diversity and Inclusion – Hugo Boss

Rashmi Verma, Global Head of Diversity & Inclusion at HUGO BOSS
Rashmi Verma, Global Head of Diversity & Inclusion at HUGO BOSS

Joseph Nwosu – Co-Lead of the Black Experian Network ERG

Joseph Nwosu, Co Lead of the Black at Experian Network (ERG) at Experian
Joseph Nwosu, Co Lead of the Black at Experian Network (ERG) at Experian

Cecilia Weckstrom – Senior Global Diversity and Inclusion Director – Lego Group

Cecilia Weckstrom, Senior Global Director, Head of Diversity, Inclusion & People Innovation at LEGO Group
Cecilia Weckstrom, Senior Global Director, Head of Diversity, Inclusion & People Innovation at LEGO Group

Michael Vermeersch – Digital Inclusion Lead and Chair – UK Disability ERG – Microsoft

Michael Vermeersch, Digital Inclusion Lead & Chair, UK Disability ERG at Microsoft
Michael Vermeersch, Digital Inclusion Lead & Chair, UK Disability ERG at Microsoft

Michael Anaman – Head of Service Delivery and Head of Inclusion – Now TV

Michael Anaman, Head of Service Delivery and Head of Inclusion at NOW TV
Michael Anaman, Head of Service Delivery and Head of Inclusion at NOW TV

Putri Realita – Global Diversity and Inclusion Lead – Danone

Putri Realita, Global Diversity and Inclusion Lead at Danone
Putri Realita, Global Diversity and Inclusion Lead at Danone

Leslie Gray MBA – Head of Diversity and Inclusion and Chief of Staff – Office of the CEO – Mozilla

Leslie Gray MBA, Head of Diversity & Inclusion and Chief of Staff, Office of the CEO at Mozilla
Leslie Gray MBA, Head of Diversity & Inclusion and Chief of Staff, Office of the CEO at Mozilla

Abigail Wilmore – Chief People Officer – Stella McCartney

Abigail Wilmore , Chief People Officer at Stella McCartney
Abigail Wilmore , Chief People Officer at Stella McCartney

Become a show sponsor…

Join RW3, WorkJam, Personio and BiasProof in the movement for change. Becoming an official partner or exhibitor at INCLUSION 2021 will help raise your visibility, connect with your target audience, develop your talent pipeline and improve your profitability. Position your brand as a real leader in the global movement for D&I change in the workplace. Click here for more information.

We can’t wait to see you in October. Tickets are limited, so make sure to grab yours now before they run out.

Thank you to all our sponsors:

Platinum Sponsor

Culture Wizard by RW3 - Global Inclusion Experts

Gold Sponsor

WorkJam

Silver Sponsors

Personio - The HR Operating System
BIASPROOF

Partners

Inclusion 2021 Partners - OutBuro LGBTQ Professionals lesbian gay bisexual transgender nonbinary queer onlin networking community job listings

Our Partner Charity

autistica

OutBuro lgbt professional entreprenuer networking online community gay lesbian transgender queer bisexual nonbinary 2

Former Microsoft and Cisco Executive Scott Slipy Joins Socure as Chief People Officer

Highly-Accomplished People Management Veteran to Rapidly Scale Hiring and Culture Strategies for Hypergrowth Leader in Digital Identity Verification and Trust

NEW YORK–(BUSINESS WIRE)–Socure, the leading provider of digital identity verification and fraud solutions, today announced Scott Slipy joining as its chief people officer. In this executive leadership position, Slipy will support Socure’s hypergrowth by scaling up strategies to attract, retain, and develop innovative and high-performing teams as he furthers the impact-driven culture at Socure.

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Slipy has held executive roles with global, market-leading organizations, including Microsoft, Cisco, and UnitedHealth Group, as well as earlier-stage businesses. He brings deep expertise and practical solutions to leadership development and organization design, creating inclusive, high-performance cultures.

Socure recently announced record financial results, achieving 126% annual recurring revenue growth, booking growth of 285% in the second quarter of 2021 as compared to the same quarter of 2020, and a net retention rate of 177% driven by near-zero attrition. The company continues to achieve record results as Socure ID+ has emerged as the preferred identity verification platform for the largest enterprises and is trusted by 4 of the 5 largest banks, 7 of the 10 largest credit card issuers, top Buy Now, Pay Later (BNPL) providers, top crypto exchanges, and the largest online gaming operators.

“Scott is a highly accomplished leader with a deep commitment to developing a high-performance culture where everyone on our team can reach their highest potential,” said Johnny Ayers, founder and CEO of Socure. “I look forward to working closely with Scott to continue to build a world-class working environment that attracts, engages, develops, and retains the most talented people in the industry on our way to eliminating fraud and ensuring 100% trust on the Internet.”

Throughout his career, Slipy has worked with executive teams in high-growth phase businesses. Most recently, Slipy was Chief People and Human Resources Officer at Symphony, a fintech unicorn offering a secure collaboration and workflow platform to over 500 global financial services customers. Slipy’s passion for people and culture management has also led him to perform executive coaching and consultative roles with early-stage private equity-backed firms through his affiliation with the Institute for Contemporary Leadership in New York.

“I’m inspired by the mission and business momentum that Johnny and the entire Socure team have created,” Slipy said. “Together, we will continue to rapidly scale this performance-driven organization that is leading the identity verification and fraud mitigation marketplace because of the innovation and value we bring to our customers.”

About Socure

Socure is the leading platform for digital identity verification and trust. Its predictive analytics platform applies artificial intelligence and machine learning techniques with trusted online/offline data intelligence from email, phone, address, IP, device, velocity, and the broader internet to verify identities in real time. The company has more than 750 customers across the financial services, gaming, healthcare, telecom, and e-commerce industries, including four of the top five banks, seven of the top 10 card issuers, three of the top MSBs, the top payroll provider, the top credit bureau, top crypto exchanges, top Buy Now, Pay Later providers, the largest online gaming operators, and over 100 of the largest fintechs. Marquee customers include Chime, Varo Money, Public, Stash, and DraftKings. Investors include Accel, Commerce Ventures, Scale Venture Partners, Flint Capital, Capital One Ventures, Citi Ventures, Wells Fargo Strategic Capital, Synchrony, Sorenson, Two Sigma Ventures, and others.

Socure has received numerous industry awards and accolades, including being named to 2021 Forbes Cloud 100 List, Forbes’ Fintech 50 List 2021, Forbes’ America’s Best Startup Employers 2021, being awarded Best New Technology Introduced Over the Last 12 Months—Data and Data Services at the 2020 American Financial Technology Awards (AFTAs), being ranked number 70 in Deloitte’s Technology Fast 500™, being listed as a Gartner Cool Vendor, being recognized by Forbes as one of the Top 25 Machine Learning Startups to Watch, being named to CB Insights: The Fintech 250, and being awarded Finovate’s Award for Best Use of AI/ML, to name a few.

Contacts

Angela Griffo

Socure

917-915-8563

angela.griffo@socure.com

WNBPA Womens National Basketball Players Association and Parity - OutBuro LGBT professional entrepreneur online networking community gay lesbian bisexual transgender queer supplier diversity

WNBPA, Parity Join Forces To Create Marketing Opportunities And Drive Revenue To WNBPA Players

ParityNow.co, a socially driven online marketplace, gives players direct access to greater revenue and collaboration with leading brands.

NEW YORK, Aug. 26, 2021 /PRNewswire/ — OneTeam Partners is proud to announce a multi-year partnership between the Women’s National Basketball Players Association (“WNBPA”) and Parity, an online sponsorship platform for women athletes that aims to create strategic marketing opportunities and drive revenue for players in the WNBA.

wnbpa parity 2

Announced on Women’s Equality Day, the partnership will provide players the opportunity to quickly and seamlessly join the Parity online community of 600+ athletes across 40 sports and a growing list of brands. Parity’s clients already include brands such as MICROSOFT, Gainbridge, Morgan Stanley, Strava, Thule and Literati, since their launch in Q3 2020.

“If we are honest about our history, we recognize that the women’s movement has not always been inclusive,” WNBPA Executive Director Terri Jackson said. “Together with OneTeam Partners and Parity, we pledge to continue to break down barriers and commit to continue the fight for equality for women of color and all women.”

Authenticity is the key in the increasingly competitive influencer marketing space. By taking the extra step to unlock an athlete’s genuine interests and social advocacy and matching those interests and causes with potential corporate sponsors, Parity’s platform and focused approach facilitates more intentional and compelling brand marketing campaigns.

“The value that players of the WNBPA bring to brands through their authentic and powerful connections to their fans is a largely untapped resource,” said Parity co-CEO Minji Ro, who formerly served as commissioner of the New York City Gay Basketball League and a VP at Goldman Sachs. “We understand that these women are elite athletes, powerful advocates and leaders in their communities. We hope to  help move the needle for a more equitable revenue stream and an even higher profile.”

The move unites two national organizations catering exclusively to the advancement of women athletes. Established in 2020, Parity, powered by Evolution of Sports, drives revenue to women athletes, working toward pay equity in sport. Research estimates that women’s sports sponsorship accounts for only 0.4% of total sport sponsorship. The goal of the WNBPA partnership is to tackle the gender pay gap issue in professional sports sponsorship and develop a more socially responsible world in partnership with influential corporate brands. The WNBPA has historically fostered opportunities to amplify the voices and leadership of its members, who have led the way in professional sport in the constant fight for equality and justice.

“We could not be more excited about the synergies between the Players Association and Parity,” said WNBPA President Nneka Ogwumike. “We have a shared commitment to the financial stability of women athletes, but even more, we share a passion for equity and inclusion. On many levels, this partnership can help change the game for WNBPA members.”

The WNBPA and Parity already have a link in Seattle Storm guard Karlie Samuelson, who also works as the athlete engagement manager at Parity.

OneTeam Partners, the sponsorship and licensing partner of the WNBPA, facilitated the trend-setting partnership with the original introduction brokered by WNBPA President, Nneka Ogwumike. OneTeam is a global sports company unleashing the collective power of world-class athletes to drive business via group licensing, marketing, media and venture.

About Parity
Established by and for women’s sports advocates, Parity is revolutionizing the financial model for women athletes. With a current roster of 600 athletes from more 40 sports and more than 20 corporate partners, Parity unites data analytics and cultural relevance to match women athletes with sponsorship and revenue opportunities, primarily via social and digital media. To learn more about Parity, visit www.paritynow.co

About the WNBPA
The Women’s National Basketball Players Association is the union for current women’s professional basketball players in the WNBA. The WNBPA is the first labor union for professional women athletes. It was created in 1998 to protect the rights of players and assist them in achieving their full potential on and off the court. The WNBPA handles the negotiation of collective bargaining agreements, filing grievances on their behalf, and counseling players on benefits and post-WNBA career opportunities. The WNBPA also serves as a resource for current players, while they are competing internationally during the offseason. The WNBPA encourages players to participate in union activities – including executive leadership roles, team representative positions, and global community outreach initiatives.

About OneTeam Partners:
Formed in November 2019, OneTeam Partners is a joint venture between the National Football League Players Association (NFLPA), Major League Baseball Players Association (MLBPA) and RedBird Capital Partners. OneTeam helps athletes maximize the value of their name, image and likeness rights by transforming the way in which athletes interact with businesses across four verticals: licensing, marketing, content and investing. OneTeam represents a range of commercial business interests on behalf of the NFLPA, MLBPA, Major League Soccer PA, U.S. Women’s National Team PA, WNBPA, and U.S. Rugby PA.

SOURCE Parity powered by EOSmt

CONTACT: Alana Casner, Parity, Email: alana@paritynow.co, TEL: 551.265.7491, www.paritynow.co

www.paritynow.co

Morgan Stanley Launches Next Level Fund in Partnership with Hearst, Microsoft and Walmart to Invest in Diverse Start-Ups

  • Fund to Invest in Women and Multicultural Founded Early-Stage Companies
  • Fund builds on expertise from the groundbreaking Morgan Stanley Multicultural Innovation Lab and HearstLab sourcing disruptive technology and technology-enabled start-ups

NEW YORK–(BUSINESS WIRE)–Morgan Stanley Investment Management (MSIM) and the Multicultural Strategy Group today announced it has launched Morgan Stanley Next Level Fund, L.P. (“Next Level” or the “Fund”). The Fund, part of MSIM’s Private Credit & Equity platform, will invest in primarily early-stage technology and technology-enabled companies with women or diverse members as part of the founding team from target sectors including technology, consumer/retail, financial technology, healthcare and media & entertainment. Investors in the strategy include the key inaugural corporate partners: Hearst, Microsoft and Walmart. This new strategy will build upon the expertise of the Morgan Stanley Multicultural Innovation Lab, Morgan Stanley’s in-house start-up accelerator, and HearstLab, which provides cash investment and services to early-stage, women-led startups. The team anticipates partnering with additional corporate organizations that share similar strategic interests.

Morgan Stanley logo

“By intentionally seeking out high-growth companies founded by multicultural and women entrepreneurs, Next Level presents an exciting opportunity for disruptive startups to increase their visibility and accelerate their businesses with the support of our corporate partners,” said Alice Vilma, Co-Portfolio Manager, Morgan Stanley Next Level Fund. “We are pleased to be partnering with Hearst, Microsoft and Walmart on this exciting new initiative which advances our respective companies’ goals to promote financial inclusion and access to capital for women and diverse founders. Portfolio companies will benefit not only from the capital provided from the Fund, but also from access to the global resources and capabilities of each of our corporate partners.”

“Hearst is delighted to partner with Morgan Stanley, Microsoft and Walmart in the Next Level Fund and to have the opportunity to support target companies and provide strategic assistance. This further augments our commitment to investing in women and diverse founders who are some of our best talent,” said Eve Burton, Executive Vice President, Hearst, and Chairwoman of HearstLab. Ms. Burton will be a member of Next Level’s Advisory Board.

Tahreem Kampton, Treasurer of Microsoft Corporation added, “We’re pleased to partner and support Morgan Stanley and the Next Level Fund to help provide opportunity and access to capital, especially in diverse and underrepresented communities, with the goal of driving positive impact through technology.”

“The Next Level Fund provides a unique opportunity to support women and diverse businesses by increasing access to capital and offering strategic assistance,” said Wayne Hamilton, Vice President, Specialty Tax, and Finance Shared Value Network lead, Walmart. “Walmart is deeply committed to fostering diversity, equity and inclusion in the communities we serve. We’re leveraging this work through four Shared Value Networks we launched last year to advance racial equity at scale. Within our Financial Shared Value Network, we are supporting more diverse suppliers to increase access to capital for women and people of color. We are delighted to be working with Morgan Stanley and our co-inaugural investors on this important initiative.”

“We are pleased to expand our impact-oriented client offerings with the addition of Next Level, and we are proud to partner with like-minded companies that share our commitment to delivering positive social impact through compelling investment opportunities,” said David N. Miller, Head of Private Credit and Equity, Morgan Stanley Investment Management. “Our differentiated approach can help to increase access to capital for women and diverse founders in our target sectors.”

The Next Level Fund is based and operated out of Morgan Stanley’s New York headquarters. Debevoise & Plimpton has been retained as counsel for the Fund.

About Morgan Stanley Investment Management

Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 730 investment professionals around the world and $1.4 trillion in assets under management or supervision as of March 31, 2021. Morgan Stanley Investment Management strives to provide outstanding long-term investment performance, service and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide. For further information about Morgan Stanley Investment Management, please visit www.morganstanley.com/im.

About Morgan Stanley

Morgan Stanley (NYSE: MS) is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. With offices in more than 41 countries, the Firm’s employees serve clients worldwide including corporations, governments, institutions and individuals. For more information about Morgan Stanley, please visit www.morganstanley.com.

Contacts

Media Relations Contact: Lauren Bellmare, 212.761.5303

Arjuna Capital Shareholder Resolution: Microsoft Needs Independent and Transparent Investigation of Gender Discrimination, Sexual Harassment

BOSTON–(BUSINESS WIRE)–In the wake of recent allegations of sexual misconduct on the job by former CEO Bill Gates, Microsoft’s shareholder meeting in December 2021 will face a proxy resolution from investment management firm Arjuna Capital urging the software giant to “independently investigate and confront … transparently claims of sexual harassment and gender discrimination” dating back to at least 2012.

AC logo

The Arjuna Capital resolution is available online here.

Natasha Lamb, managing partner, Arjuna Capital, said: “Microsoft is under intense public scrutiny due to numerous claims of sexual harassment and an alleged failure to address them adequately and transparently. Reports of Bill Gates’ alleged inappropriate relationships and sexual advances towards Microsoft employees have only exacerbated concerns, putting in question the culture set by top leadership, and the board’s role holding those culpable accountable. Investors are concerned Microsoft may be facing a culture of systemic sexual harassment, putting at risk the company’s ability to attract and retain talent.”

According to the Arjuna Capital shareholder resolution: “In 2012, a class-action lawsuit was brought by 238 Microsoft workers alleging gender discrimination and sexual harassment, noting Microsoft’s human resources team continuously overlooked and denied these allegations, only deeming one as founded. Claims resurfaced in April 2019 after several women activated a company-wide email chain claiming Microsoft disregarded such complaints. With mounting internal pressure, Chief Executive Satya Nadella announced Microsoft would change its human resource processes, commit to publish(ing) internal reports on data of investigations, and form a Global Employee Relations team to guide employees through investigations. As of 2020, Microsoft employees stated that internal reports had yet to be seen and that they were unaware of the newly formed team.”

Action by Microsoft would not only be the right thing for employees; it also could directly advance the bottom line for shareholders. The Arjuna Capital resolution notes that “sexual harassment and gender discrimination can harm shareholder value—resulting in higher turnover, lower productivity, increased absenteeism, and higher sick-leave costs.”

Data cited in the Arjuna Capital shareholder resolution includes the following:

  • A recent academic study found companies with the highest incidences of sexual harassment claims underperformed the US stock market by 19.9 percent the subsequent year.
  • Companies that experienced a high number of allegations also saw a decline in Return on Equity of 10.9 percent, and labor costs rose 7 percent.
  • A Harvard Business Review study found a single sexual harassment claim can make a company seem less equitable and more problematic than financial misconduct or fraud and would “be enough to dramatically shape public perception of a company and elicit perceptions of structural unfairness.”

Arjuna Capital is an investor champion of workplace concerns for minorities and women. In the 2020 proxy season, Arjuna Capital submitted a total of 13 shareholder resolutions seeking median race and gender pay gap disclosure, and an additional four in 2021. Since 2016, Arjuna has compelled gender pay equity disclosures at 22 companies, and racial pay equity disclosures at 17 companies, including leading U.S. tech, finance, and retail firms Apple, Intel, Microsoft, Google, Facebook, JPMorgan Chase, Bank of America, Starbucks, Nike, and Adobe.

Arjuna Capital is a sustainable and impact investment firm that works with high-net-worth individuals, families, and institutions to invest their assets with a lens toward Environmental, Social, and Governance (ESG) risk and opportunity. Natasha Lamb and Arjuna Capital have been recognized for using shareholder resolutions to promote racial and gender pay equity in the tech, banking, and retail sectors. Lamb was named to the “Bloomberg 50” list of influencers who defined global business in 2017. For more information, visit www.Arjuna-Capital.com.

Contacts

MEDIA CONTACT: Alexander Frank, (703) 276-3264 or afrank@hastingsgroup.com