Economy

Panel SA: Racial equity investment wave after George Floyd loses traction in US, survey says

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Almost two years after the murder of George Floyd, the impulse of large companies to invest in actions to promote racial equality and combat racism seems to have cooled in the United States.

According to a survey by the American consultancy Creative Investment Research, after the wave of protests that followed the crime, more than 260 companies announced commitments to direct around US$ 67 billion to the cause.

Of the total, just over US$ 650 million were disbursed until the beginning of this year, according to the consultancy.

The funds are intended to accelerate the review of programs to recruit and retain black talent, donations to civil rights movements in the US and other efforts.

Last year, Creative Investment Research asked the SEC (Securities and Exchange Commission), the US capital market regulator, to create rules to compel publicly traded companies to increase transparency in disclosing information in their annual reports. on the fulfillment of announced commitments for actions in the area.

with Andressa Motter and Ana Paula Branco

Source: Folha

black-lives-matterGeorge FloydleafracismUnited StatesUSA

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