Just 1% of Fortune 500 companies led by black chief executives: World Economic Forum

Saadia Zahidi said that only 1% of Fortune 500 companies are headed by Black Chief, the Managing Director of the World Economic Forum (WEF).

Bengaluru-headquartered information technology services chief Wipro Ltd announced on Wednesday that it will launch an initiative by WEF to promote a culture of diversity, inclusion, equity and justice for people of all racial backgrounds in the workplace. Has joined the partnership for.

Ms. Zahidi quoted a Wipro statement as saying, “With only 1% of Fortune 500 companies led by Black Chief executives, the need to represent racial under-business is immediate and clear.”

To design racially and ethnically just workplaces, companies must confront racism on a systemic level, addressing not only the structural and social mechanics of their own organizations, but also their communities and the larger Scales play a role in the economy, she said.

“Zahidi said,” ‘Participation for Racial Justice in Business Initiative’ provides businesses with an effective platform to take individual and collective action toward racially and ethnically just workplaces, “Ms Zahidi said.

Wipro said the initiative aims to set driving action and accountability for companies to confront racism at a systemic level, set new global standards for racial justice in business, and for professionals with under-represented racial and ethnic identities The policy changes required for inclusion and advancement have to be met.

Chief Executive Officer and Managing Director of Wipro Limited, Thierry Delaporte said, “Without a doubt, we should be involved in our recruitment process, engaging with staff and reducing existing racial tensions, encouraging racial empathy and fully We need to create new platforms for farming. ” An inclusive and welcoming workplace. ”