The Hispanic Association on Corporate Responsibility (HACR) Releases Findings of its 2014 HACR Corporate Inclusion Index
December 4, 2014
Contact:Dr. Lisette Garcia Director, Hispanic Association on Corporate Responsibility Research Institute
lgarcia (at) hacr dot org
Findings indicate a commitment to diversity, although Hispanic representation in the upper levels of Corporate America is still lagging
The Hispanic Association on Corporate Responsibility (HACR), one of the nation’s leading Hispanic advocacy organizations, released today the results of its 2014 HACR Corporate Inclusion Index (HACR CII). The HACR CII is a component of HACR’s Corporate Accountability Strategy and measures Hispanic inclusion at Fortune 100 companies and HACR Corporate Member companies. The results of the 2014 HACR CII indicate more than 25 percent of this year’s returning participants have improved their rating from 2013, which reflects a commitment to diversity and Hispanic inclusion.
Since 2009, the HACR CII has tracked trends in Corporate America in four areas: Employment, Procurement, Philanthropy, and Governance. HACR focuses on these four areas of corporate social responsibility and market reciprocity to measure the inclusion of Hispanics in Corporate America. HACR’s mission is to advance inclusion to a level commensurate with the economic contributions of Hispanics in the United States, currently the nation’s fastest growing consumer segment.
- Hispanics comprise an average of nearly 14% of the total reported employee base in Corporate America.
- Hispanics are still more likely to be found in non-exempt positions within Corporate America.
- On average, participants reported directing slightly more than 1% of total procurement spend to Hispanic-owned businesses.
- Average total charitable contributions made by participants in 2014 equaled $81,634,125 while average total contributions to Hispanic-led and community organizations amounted to only $5,195,119.
- Hispanics held just over 6% of board seats amongst the participating companies, which is higher than the average within the Fortune 500, but is still considerably low.
The HACR CII is conducted annually by the HACR Research Institute, led by Dr. Lisette M. Garcia. The Institute is devoted to objective research, analysis, and publication of Hispanic-related issues in Corporate America.
“On behalf of HACR’s Board of Directors, we congratulate all of this year’s HACR CII participants for their commitment to Hispanic inclusion,” said Dr. Lisette M. Garcia, director of the HACR Research Institute. “Forward thinking companies such as these recognize the importance of using data and analytics to identify gaps which can be used to help frame strategic plans to impact change and keep up with the demands of the ever changing diverse marketplace.”
LULAC National President, Margaret Moran, was unanimously elected on December 3, 2013, as the succeeding chair of the HACR board of directors.
Click here to read the 2014 HACR Corporate Inclusion Index.