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Starbucks Links Pay to Diversity Targets, Releases More Data

Oct. 15, 2020, 3:52 PM

Starbucks Corp. has released more details about the makeup of its U.S. workforce and will link executive compensation to diversity targets -- the latest S&P 100 company to beef up its efforts to ensure minorities have better representation.

The Seattle-based company is providing a breakdown of its workers in the U.S. by race on its website. It also includes links to the coffee chain’s EEO-1 reports -- federal forms on the diversity of its workforce that companies are required to file to the federal government, but don’t have to release to the public.

Following the death of George Floyd and a surge of protests for greater racial equality in the U.S. this year, some companies are pledging to release greater data to the public and take measures to fix workforces that often are much more White and male than the general population.

By showing how underrepresented Black and other minority groups are in their workplaces, the companies are inviting investors, customers and workers to monitor their progress and hold them accountable to make improvements.

To contact the reporter on this story:
Jonathan Roeder in Chicago at jroeder@bloomberg.net

To contact the editors responsible for this story:
Anne Riley Moffat at ariley17@bloomberg.net

Philip Gray

© 2020 Bloomberg L.P. All rights reserved. Used with permission.