Photo: Less Latinos in Corporate America
The Hispanic Association on Corporate Responsibility (HACR), one of the nation’s leading Hispanic advocacy organizations, released the results of its 2011 HACR Corporate Inclusion Index (HACR CII) survey.
The index serves as a core component of HACR’s Corporate Accountability Strategy that tracks and evaluates the Hispanic inclusion practices of Fortune 100 companies and HACR corporate partners. This is done with a focus on HACR’s four pillars of corporate social responsibility and market reciprocity: employment, procurement, philanthropy and governance.
“HACR CII participating companies should be commended for their willingness to be transparent and share their information. Over the past three years we have seen improved ratings from 19 out of 27 companies that have participated in the HACR CII. These companies are leading by example and Hispanic consumers are taking notice,” said Carlos F. Orta, president and CEO of HACR.
A total of 122 corporations were invited to participate in the 2011 HACR CII survey; 50 companies were rated for this year’s report. Overall, findings continue to indicate that there is much room for improvement in closing the inclusion gap.
Key highlights from this survey include:
– A decrease of Hispanics in the C-Suite from 8% in 2010 to 7% in
– Procurement dollars spend for Hispanic-owned businesses
increased about 1.5% between 2010 and 2011
– Philanthropic investment remains unacceptable with (HACR CII
participating) companies contributing less than 3% of total
dollars distributed to Hispanic communities
– Representation on corporate boards saw an increase from 6.46%
in 2010 to 8.33% in 2011
“In general, there has been very slow progress in most corporations in terms of Hispanic inclusion. However, our partners and the companies that have participated in the HACR CII since its inception are doing a better job of moving the needle on this issue,” stated Janet Murguia, HACR Board of Directors Chair and president and CEO National Council of La Raza. “There is a lot of work to be done to increase Hispanic inclusion at all levels of Fortune 100 companies. HACR stands ready to help those companies who are committed and ready to engage around this issue.”