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In particular, by conducting matched-pair audit testing of large-scale hosts who rent out many units, Airbnb could decrease the burden on victims of discrimination both to know that they have been victimized and to navigate the . Shareholder Exchange • Cyrus Mehri, founding partner of Mehri . A report out today from Laura Murphy explores why businesses should undertake civil rights audits — and what those audits should look like. Citi stated its intention to "becoming an antiracist institution" and recruited Covington & Burling for a racial equity audit. The civil rights group Color of Change launched a petition last week to demand an independent racial equity audit of Google, saying an investigation by The Markup had revealed "heinous" and "unacceptable" practices by the company. Rich IPO paydays for Airbnb, DoorDash CEOs lead ... "If other companies invest in building similar race-blind algorithms, that may even the playing field for users," Zhang says . The world's largest money manager plans to undergo an independent racial audit of its operations, following a request from a shareholder. More than 25% of Bank of America Corp. 's shareholders supported a proposed racial-equity audit. we have seen many companies use this critical tool, including Facebook, Starbucks, and Airbnb. BlackRock plans racial audit, in break with Wall Street ... ET First Published: June 10 . As the result of the audits . The Technology 202: Democrats urged Google to get itself ... . BlackRock said it will perform its audit next year. Following the audit at Facebook, the company . Racial equity audits of corporations originated within the racial justice movement, with Color of Change successfully calling for and working with AirBnB to undertake an audit, led by an external expert and including extensive consultations with civil rights organizations, which translated to tangible improvements in Airbnb's business practices. Democrats Call for 'Racial Equity Audits' To Gain More ... She also conducted Facebook's audit and previously spent 17 years leading the ACLU's Washington Legislative Office. The lender has said it hired a third party to conduct a human-rights assessment, which includes a focus on racial equity, and will . Tyson to Conduct Racial Audit After Outcry Over Workers Naomi Nix +Follow. For example, Color Of Change pushed Airbnb to undergo a civil rights audit, and later partnered with the company on Project Lighthouse to root out the presence of discrimination on its app. The group cited our findings that Google Ads blocks advertisers from targeting YouTube videos related to "Black Lives Matter" and other racial justice . these audits (Airbnb, Facebook, and Starbucks) and is informed by the views of over 30 civil rights, worker rights, and shareholder advocacy organizations. Tyson plans equity audit of policies - PressReader Story continues After its audit, Airbnb asked its users to accept a nondiscrimination agreement to help prevent unfairness to people of color on its platform. A report on the audit… should be publicly disclosed on [Bank of America's] website.' In its supporting statement, CtW Investment Group says: 'A racial equity audit will help [Bank of America] identify, prioritize, remedy and avoid adverse impacts on non-white stakeholders and communities of color. From MarketWatch: Citigroup Inc., which had urged its shareholders to reject a resolution calling for a racial-equity audit earlier this year, announced Friday that it has reversed course. Murphy is a pioneer in the business of corporate racial equity audits, having conducted one for Airbnb back in 2016. PressReader. Goldman, Citi Stave Off Investor Calls for Racial Audits. Murphy is a pioneer in the business of corporate racial equity audits, having conducted one for Airbnb back in 2016. Importance of Racial Equity Audits. Airbnb, Facebook, and Starbucks have all performed audits in the past three years. Starbucks announces new commitments to advance racial and ... related to racial and ethnic diversity, equity, inclusion and justice. The group has previously urged Google to conduct a racial-equity audit. Inside the growing Big Law business of racial equity ... The bank said the audit will focus on its 2020 commitment to dedicate $1 billion toward initiatives it hoped would help close the persistent racial wealth gap in the U.S., where the average net . Here's what the trend could mean for your business. Shareholders now have an opportunity at the upcoming annual meeting to break from Alphabet by voting in favor of the independent racial equity audit proposal and to make a firm commitment towards racial justice. Some, including Starbucks, Facebook and AirBnB, have already commissioned racial equity audits. Airbnb and Starbucks conducted such studies several years ago, before the police killing of George Floyd in Minneapolis put heightened focus on racial inequality. Equity auditors have made a killing from school districts that pay handsomely for consultants to revamp curricula. Airbnb, Facebook, and Starbucks have all performed audits in the past three years. Color of Change's push for Google to conduct a racial equity audit comes after successful demands for such audits at Facebook and Airbnb. SEIU Master Trust filed a shareholder resolution in 2021 at State Street requesting that they conduct a racial equity audit. An independent group will carry out an equity audit of the nation's . Tyson Foods has plans to commission a detailed study to determine if the company's practices contribute to racial inequities. 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