Corporate Inclusion Index
The Hispanic Association on Corporate Responsibility (HACR) announced the findings today from its 2013 Corporate Inclusion Index (HACR CII). The number of participants for the 2013 HACR CII has increased for the fifth consecutive year and the publication highlights recurring trends since 2009 in the areas representing the organization’s four pillars of Employment, Procurement, Philanthropy, and Governance.
Key findings include:
• 39 percent of Fortune 100 companies participated in this year’s survey, which included four out of the top 10 Fortune companies.
• Hispanics comprise an average of more than 13 percent of the total reported employee base in Corporate America.
• On average, participants reported directing nearly two percent of total procurement spend to Hispanic-owned businesses.
• Average annual charitable contributions to the Hispanic community and Hispanic organizations for the 2013 HACR CII participants totaled nearly 10 percent.
The HACR CII, a component of HACR's Corporate Accountability Strategy, takes a comprehensive measurement of Hispanic inclusion at Fortune 100 companies and HACR corporate member companies by focusing on HACR's four pillars of corporate social responsibility and market reciprocity. “On behalf of HACR’s Board of Directors, we congratulate all of the participants of this year’s HACR CII. Increased participation and greater transparency have enabled HACR to better assess how Hispanics are faring along our four pillars,” said Dr. Lisette M. Garcia, director, HACR Research Institute. “Though there is still much work to be done, the significance of the trends we have seen show us that the strength of the Hispanic consumer continues to grow and Corporate America must recognize that the Hispanic population is the key to renewing an aging labor force and essential to preserving market position."
To view the 2013 HACR CII, please click here.
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 comprise 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.
To read the report click here. You can also share your questions and comments about the 2012 HACR CII through a more in-depth analysis by following us on Twitter and using the #2012CII hashtag.