Procter & Gamble (P&G) agreed to release data on recruitment and retention rates by race and gender by the end of 2024, a shareholder advocacy group said.
The maker of Gillette razors and Downy fabric softener agreed to disclose the data following a campaign by nonprofit As You Sow, which advocates for environmental and social issues at large, publicly traded companies.
P&G, which confirmed the deal, joins companies like Nike Inc. that have agreed to share data on efforts to hire and promote underrepresented groups.
As part of the agreement, P&G will release global data for its workforce on gender and US data on race or ethnicity, according to As You Sow. In response, the nonprofit withdrew a voting rights proposal that would have put the issue to a shareholder vote, it said in a separate statement.
Companies are increasingly coming under pressure from shareholders to disclose more information about the diversity of their workforce. As You Sow had accused Cincinnati-based P&G of lagging competitors in sharing inclusion data.
Between August 2020 and March 2022, the number of S&P 100 companies releasing or promising to release hiring data by gender doubled, according to the group.
The agreement will give outsiders a deeper insight into diversity at P&G, which already shares the data it submits to the US Commission on Equal Opportunity on the gender and racial breakdown of workers in all job classifications. As recently as 2020, such disclosure was rare.
In 2021, women held 40 percent of leadership positions at P&G, while people of African descent made up 9 percent and Latinos 10 percent. As with most U.S. companies, these percentages still lag behind the shares of the broader workforce and population.
https://www.independent.ie/business/world/procter-and-gamble-to-publish-employment-diversity-statistics-41948520.html Procter & Gamble publishes employment diversity statistics