Last Updated:
10/24/20 1:36 PM
overall rating:
do better
Charles Schwab
Internal Representation & Support
40%
Public Commitment
59%
External Communication
19%
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.
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Forms of monetary support we look for:
One-off donations
Recurring donations
Grant initiatives
Employee donation matching
Highlights
We have not identified any notable highlights for this brand.
Lowlights
Charles Schwab has been known to be one of Trump's largest donors. In addition, the company has demonstrated zero support of Black Lives Matter on its social media platforms.
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.
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Deep Dive
I. Internal Representation & Support:
Board of Directors:
6% - 7% Black, 11% - 15% BIPOC, 21% - 25% Women
Executive Leadership:
0% (none) Black, 0.1% - 5% BIPOC, 21% - 25% Women
6% - 7% Black, 31% - 35% BIPOC, 36% - 40% Women
Workforce:
A Black employee resource group