Across EY, our purpose is Building a better working world – and it’s abundantly clear that we are not going to be able to do that without addressing racial inequality. In fact, the business case and moral imperative are aligned: it is the right thing to do in terms of addressing inequality and also the right thing to do as a business because diverse perspectives, combined with an inclusive culture, also drive better decision making, stimulate innovation, increase organisational agility and strengthen resilience to disruption.
Our survey findings make clear that concerted action is required by all employers across all industries. You can explore the key actions (pdf) that employers need to take and discover the progress EY and EY Foundation are making, but in summary:
1. Improve access
Employers must work together to enable Black young people to understand the career opportunities open to them by the end of their first year in secondary school. For example, by using technology, visits and sharing experiences to help young Black people better understand the career paths and opportunities open to them.
2. Increase inclusion
Employers must take action and measure outcomes to make sure that they are fully inclusive of young Black people. For example, by having better data and reporting as well as improving culture, recruitment, mentoring and accountability.
3. Take a zero-tolerance attitude to racism
Employers must adopt a zero-tolerance policy for both overt racism and repeated acts of covert racism. This should apply whether racism is experienced internally or from external parties such as customers and suppliers. For example, by improving culture, reporting, training and consultation, coupled with a willingness to take action when standards are breached.
4. Tackle barriers to entry
Employers must take joint action to address the barriers to entry. This should be led at CEO level and should be a priority for the Law and Accounting, Banking and Finance sectors. For example, by CEOs taking visible leadership, implementing reverse mentoring and collaborating with CEOs across their sector.