Corporate Inclusion Index
The Hispanic Association on Corporate Responsibility (HACR) released findings from its 2012 Corporate Inclusion Index (CII) survey and, for the fourth year in a row, more companies participated with 55 companies in total.
The HACR CII, a component of HACR's Corporate Accountability Strategy, takes a comprehensive measurement of Hispanic inclusion at Fortune 100 and HACR corporate member companies by focusing on HACR's four pillars of corporate social responsibility and market reciprocity: Employment, Procurement, Philanthropy, and Governance.
Overall, the 2010 U.S. Census reported Hispanics as the largest minority group in the U.S. with over 50 million consumers. With $1.3 trillion in buying power, U.S. Hispanic consumers compromise the 14th largest economy in the world.
As a result, HACR has seen an increase in the willingness of Corporate America to work with the Hispanic population, evidenced through increased participation since 2009 with 20 additional companies participating in the survey. This year's report also saw eight companies participating for the first time, 26 companies improving their rating from the previous year, and all seven Fortune 100 commercial banking companies participating in the survey.
This newfound participation and commitment to the Hispanic community has led to one conclusion: Hispanics are The Deciding Factor.
For the past 25 years, HACR has advocated for the inclusion of Hispanics in Corporate America at a level commensurate with the U.S. Hispanic community's economic contributions. At 15 percent of the nation's population, Hispanics now represent the fastest-growing group of Americans in several categories: consumers, employees, business owners, taxpayers, and voters.
HACR's Board of Directors adopted the Corporate Accountability Strategy in early 2009. These coalition members represent 16 of the most influential and respected grassroots organizations in the United States and Puerto Rico.