Over the last several months, corporate action to advance racial equity has become an expectation among consumers, employees and other key stakeholders. As corporations work to meet this expectation, there is an opportunity for entire industries to rethink their approach to talent and be first movers in a new era of corporate responsibility. One industry in particular – private equity and other equity investors – has a unique opportunity to take a leading role in the movement.
Grads of Life is supporting each portfolio company in examining its opportunity to increase middle skill pathways, implement inclusive practices based on their, and build sustainable relationships with nontraditional talent providers. Expanding the cultural competency and DEI knowledge of portfolio company CEOs is ultimately an investment into the culture of each company and has the potential to generate long-term value for employees, portfolio companies and the firm.
This three-part arc ensured that company leaders had grounding in the opportunity divide, its drivers like systemic racism, and successful models as they created their own tailored action plans. The cohort approach offers a unique opportunity for PSG to create meaningful change for the greater good and encourage CEOs to come together into a community to enhance learning and accelerate behavior change.
Source: News Formal (newsformal.com)
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