Sign in Subscribe
Computer industry

Hispanic Community Seeks Inclusion in Corporate America

Strategic Insights

— 2 min read

The Hispanic Association on Corporate Responsibility (HACR) has released its final rankings and results of its HACR Corporate Index survey, measuring Fortune 100 companies' inclusion of the Hispanic community across five distinct areas of their business models. Among the top 10 ranked companies are IBM, Verizon, PepsiCo, Home Depot, General Motors, SBC, GE, Wal-Mart, Altria, and Coca-Cola. According to the survey, close to 30% of Fortune 100 companies have identified key facts pointing to successes and conditions relative to Hispanic inclusion needing improvement.

Key Takeaways:

  • The Hispanic community is now the world's eighth largest economy, yet many Fortune 100 companies have not seized the opportunity to fully engage this community.
  • Close to 30% of Fortune 100 companies have identified key facts pointing to successes and conditions relative to Hispanic inclusion needing improvement.
  • Hispanic women are on the outside looking in to the classic power centers of the corporate boardroom, the top 10, and top 100 executive ranks.
  • Less than half of the survey respondents make a specific economic commitment to the Hispanic small business community.
  • The vast majority of respondents have not adopted a model of purposeful and specific reciprocity with the communities from which they derive the most benefit.
  • The survey revealed that 57% of participants have Hispanic representation in the boardroom (vs. 37% of all F100 companies).
  • 81% of respondents track Hispanic hiring rates.
  • 48% of respondents commit to a specific spending volume with Hispanic-owned firms.
  • 76% of respondents track Hispanic market share.
  • 81% of respondents do not consider the economic contributions derived from the Hispanic community as a benchmark for inclusion or corporate philanthropy.

Statistics:

  • 57% of participants have Hispanic representation in the boardroom (vs. 37% of all F100 companies).
  • Of all board seats within F100 companies, Hispanics hold 3.85%.
  • No participating company employs a Hispanic woman as the "Top 10" executive.
  • 81% of respondents track Hispanic hiring rates.
  • 48% of respondents commit to a specific spending volume with Hispanic-owned firms.
  • 76% of respondents track Hispanic market share.
  • 81% of respondents do not consider the economic contributions derived from the Hispanic community as a benchmark for inclusion or corporate philanthropy.
  • The Hispanic community is now the world's eighth largest economy.

Sources:

  • HACR Corporate Index survey
  • "The Hispanic Association on Corporate Responsibility (HACR) on Monday released its final rankings and results of its HACR Corporate Index survey" - Wired News - (http://www.10meters.com)
  • "The Hispanic Association on Corporate Responsibility is a nonprofit organization, headquartered in Washington, D.C. HACR's mission is to ensure the inclusion of Hispanics in corporate America at a level commensurate with their economic contributions." - Wired News - (http://www.10meters.com)

Read more