Scorecards: Corporate Responsibility
What makes a company “good” for Hispanics?
This question has been asked by the Hispanic Association on Corporate Responsibility (HACR) since its founding in 1986, when several progressive, community-based visionary leaders joined together to form a coalition of national advocacy organizations focused on corporate social responsibility initiatives and the emerging U.S. Hispanic consumer.
The 2011 Hispanic Association on Corporate Responsibility's Corporate Inclusion Index (HACR CII) rates Hispanic inclusion by Fortune 100 companies and its corporate partners in the areas of workforce, procurement, philanthropy, and governance.
As we look ahead preliminary reports from the 2010 Census has an expected count of 50 million Hispanics as part of the U.S. population; our numbers have increased 42% over the past 10 years compared to 5%
growth for the rest of the population. This means that one in every six U.S. residents is Hispanic, making us the second largest consumer group in the U.S.
The purpose of the 2009 HACR Corporate Inclusion Index is to seek answers to this question in a pragmatic manner — not an easy task, but one that has to be undertaken.
It is the one question that allows HACR to determine Corporate America’s commitment to the nation’s fastest growing consumer, voter, taxpayer, and workforce population.
The answers provide HACR a tool with which to measure levels of Hispanic inclusion in four key areas: employment, procurement, philanthropy and governance. Like Corporate America, we fully subscribe to the fact that what gets measured gets results.
HACR recognizes that no report can fully answer the question in a definitive manner. Some would argue that the question is a moving target and that a “good” company today may not be a “good” company tomorrow.
The 2009 HACR Corporate Inclusion Index continues the process of seeking answers to the question of what makes a company “good” by providing a glimpse into inclusion efforts at Fortune 100 and HACR Corporate member companies in 2008.
HACR’s mission is to ensure the inclusion of Hispanics in Corporate America at a level commensurate with our economic contributions. HACR focuses on four areas of corporate responsibility and market reciprocity. They are: Employment, Procurement, Philanthropy, and Governance.
In pursuit of its mission, HACR offers Corporate America direct access to the Hispanic community — its talent, entrepreneurs, and leadership — creating a forum to ensure corporate responsibility and market reciprocity for the nation’s Hispanic population.