Investor Group Seeks EEO Transparency
The FCC should require regulatees to disclose equal opportunity employment statistics and publish them in a digital portal, said a group of investors who said they have “collective assets under management or advisement of approximately $266 billion,” in an ex…
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parte letter posted in docket 19-177 Friday. The signatories include Arjuna Capital, New York State Common Retirement Fund, Boston Trust Walden and Sisters of the Precious Blood. The request echoes recent filings from a collection of diversity groups (see 2208260045). “We believe public release of EEO-1 data improves transparency for investors and allows market participants to assess whether companies stand by their public commitments to pursue diversity, equity and inclusion,” said the letter. The FCC “is responsible for ensuring that companies it regulates operate optimally for consumers and the public,” the letter said. “Mandatory EEO-1 data disclosures will foster best practices that ultimately promote stronger performance for investors.”