4/18/21 7:15 PM
Internal Representation & Support
To evaluate this pillar, we take into consideration a range of factors, including but not limited to:
- Employee representation
- Diversity, equity, & inclusion (DEI)
We weigh a company’s degree of public commitment primarily on their monetary contributions to DEI matters or organizations fighting racial injustice.
Forms of monetary support we look for:
Employee donation matching
Poshmark has high racial diversity rates in its BOD and ELT. BIPOC on these teams have been active on Instagram through livestreams and stories to discuss BLM and anti-Asian hate, which reflects the values of their company.
Despite having racial diversity in their company leadership, Poshmark fails to be more transparent about their internal and external efforts towards racial justice. Examples of this include their lack of transparency around workforce demographics, their lack of a DEI office (or lack of publicizing this), the sparse meaningful racial justice content on their social media, and their minimal donation in response to the 2020 BLM protests. Though Poshmark's leadership team has clarified how personally impactful racial injustice is to them as BIPOC, their public content and lack of transparency around company efforts do not adequately reflect this.
We scour the company’s website and official social media channels to determine what message they are sending around racial injustice, how they are communicating it, and whether their communications are perceived as genuine or performative.
Public statement: We verify that companies have made a formal statement regarding racial injustice.
Social media: We consider how a company uses their platform(s) beyond performative allyship.
Representation: For companies that have the opportunity to showcase diversity in their feed, we consider whether they have adequate Black representation and BIPOC representation across their models.
I. Internal Representation & Support:
Board of Directors:
14% - 15% Black, > 40% BIPOC, 26% - 30% Women
0% (none) Black, > 40% BIPOC, 26% - 30% Women
Information not publicly available
A Black employee resource group