Little Change for Latinos in High Corporate Positions

By HACR

WASHINGTON, April 9, 2013 /PRNewswire-USNewswire/ — The Hispanic Association on Corporate Responsibility (HACR), released findings from its 2012 Corporate Inclusion Index (CII) and, for the fourth year in a row, there was an increase in total participation, with 55 companies taking part in the survey.

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: Employment, Procurement, Philanthropy, and Governance.

“On behalf of HACR’s Board of Directors, congratulations to AT&T for their commitment to Hispanic inclusion, which is reflected in their 95 rating,” said HACR President & CEO Carlos F. Orta. “AT&T continues to lead the telecommunications industry, modeling the way for their industry and other corporations.”

A total of 126 corporations were invited to participate in the 2012 HACR CII survey; 55 companies submitted surveys and were rated for this year’s report. Of the companies rated, 38 were HACR corporate members and 17 were non-members.

Key highlights from the findings include:

• Findings indicate that fewer Hispanics are in the pipeline for upper level executive positions as reflected in the low-level representation of Hispanics in C-Suites (.03 percent) and other managerial positions (.68 percent) within the total reported employee base of participating companies.
• Of the participating companies, 15 percent reported less than one percent-spend with Hispanic suppliers.
• Average total charitable contributions made by participants in 2011 equaled $143, 652,247, while average contributions to Hispanic organizations amounted to only $1,524,485. Thirteen percent of participants reported less than one percent contributions to Hispanic organizations.
• Hispanics only held five percent of board seats among participating companies (29 out of 613 board members were Hispanic). A similar trend was observed with executive officer positions, only 90 out of 2,845 executive officer positions were held by Hispanics (three percent).

The complete 2012 HACR Corporate Inclusion Index report can be found on HACR’s website,www.hacr.org. Fortune 100 companies and HACR corporate members voluntarily submitted the data collected for HACR’s Corporate Inclusion Index survey.

You can also follow HACR on social media by following @HACRORG on Twitter, connecting onLinkedIn, viewing videos on YouTube, and becoming a fan on Facebook.

About the Hispanic Association on Corporate Responsibility Founded in 1986, theHispanic Association on Corporate Responsibility (HACR) is one of the most influential advocacy organizations in the nation representing 16 national Hispanic organizations in the United States and Puerto Rico. Our mission is to advance the inclusion of Hispanics in Corporate America at a level commensurate with our economic contributions. To that end, HACR focuses on four areas of corporate social responsibility and market reciprocity: Employment, Procurement, Philanthropy, and Governance.

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