In response to the killing of African American and Black individuals in 2020 and the social unrest that followed, many companies increased their commitments to racial equity with pledges to hire more racial and ethnic minorities, ensure pay equity globally, increase the amount of their spending going to minority and women-owned businesses and target their philanthropic investments to vulnerable communities. These trends will continue and possibly accelerate in 2021 as government officials, investors, employees and customers demand more inclusion and equity from the companies they associate with.
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