Thursday, September 23, 2021

Amazon Releases Workforce Demographic Data Following Push by Comptroller Stringer and NYC Funds


 Amazon has publicly released the company’s EEO-101 workforce demographic data for 2019 and 2020 following a concerted push by New York City Comptroller Scott M. Stringer and three New York City Retirement Systems. The Consolidated EEO-1 Report is the “gold standard” for diversity disclosure and will enable investors to evaluate the performance of portfolio companies in terms of their ability to hire, retain, and promote employees of color and women. Amazon last released its EEO-1 report in 2016.

“This information is critical for transparency and shareholders,” said Comptroller Stringer. “Amazon’s public disclosure of its workforce demographic data will help investors better understand the company’s labor practices, identify areas for improvement, and benchmark diversity performance. The release of this data brings us another step closer to ensuring companies’ commitment to equity and diversity, but we have more to do. We will continue to hold corporate America accountable and set the tone for EEO-1 disclosure across U.S. public companies.”

As of July 31, 2021, the New York City Pension Funds’ have $2.38 billion invested in Amazon.

In July 2020, Comptroller Stringer and the New York City Employees’ Retirement System, the Teachers Retirement System of the City of New York and the New York City Board of Education Retirement System called on S&P 100 companies to match their public statements in support of racial equality, diversity and inclusion with concrete action by publicly disclosing their annual EEO-1 workforce demographic data. Prior to the launch of the Comptroller’s campaign, only 14 S&P 100 companies disclosed their Consolidated EEO-1 Report.  The Comptroller and three NYC funds subsequently submitted shareowner proposals to two initially unresponsive companies, and to a third company as a continuation of an historical previous engagement.  As of today, a substantial majority of S&P 100 companies disclose, or have committed to disclose their EEO-1 data, including 67 S&P companies that have begun or committed to disclose as a result of the push made by Comptroller Stringer and the NYC Funds:

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