EEO-1: The Powerful Report You've Never Heard Of
The federal government requires employers with 100+ employees to file an annual EEO-1 report, showing workforce data by race/ethnicity, sex, and job categories.
It's a treasure trove of information, but the companies don't have to make their EEO-1 public. And they hadn't - until As You Sow and other shareholders started asking. From August 2020 to October 2022, the number of S&P 100 companies posting their reports publicly more than quadrupled.
In November, we analyzed all 277 public reports then available, correlating the data to 14 key financial performance indicators. One of the main takeaways is that higher representation of Black, Indigenous, and people of color (BIPOC) employees in management has a positive association with higher cash flow, net profit, three and five-year revenue, five-year return on equity, and stock performance.
Since then, scores of companies have released their EEO-1 reports. Through a Freedom of Information Act request, we now have 19,000 reports spanning 2016 to 2020!
Imagine if there was an interactive, public tool that matched every company's DEI data against its financial performance! That would enable a real assessment of human capital and DEI programs, and apples-to-apples comparisons among companies.
That’s our goal. We know we can do it - we just don’t have the funding. Will you help?
Ending corporate complicity in systemic racism starts with knowing where we are today. With your help, we can gather, analyze, and publish that data, turning it into actionable knowledge. You make it possible.