More than half of the companies received an “F” that were rated on the Arjuna Capital and Proxy Impact “Racial and Gender Pay Scorecard”.
Of 51 companies examined in the “Racial and Gender Pay Scorecard” released on March 23rd to mark Equal Pay Day, fewer than one in 10 — Mastercard, Starbucks, Pfizer, Citigroup, and Bank of New York Mellon – get an “A,” while over half (26) get an “F.”
The 4th edition of the Scorecard is being released by the investment management firm Arjuna Capital and Proxy Impact. The grades are based on quantitative disclosures (versus qualitative assurances) by companies taking concrete steps to close racial and gender pay gaps. The 51 companies in the ranking have all been engaged by investors through the shareholder proposal process and asked to improve their public pay equity disclosures.
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