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The Latino Voices initiative asserts that diversity without the inclusion of Latinos is not acceptable:
Call to triple Latino representation on public company boards by 2023.
Act to target corporations with no Latino representation.
Track progress through publication of a quarterly scorecard.
We have already targeted California-based public companies, a state where Latinos make up nearly 40% of the population and are the key to consumer growth and economic recovery. Letters have been sent to Facebook, Netflix, PayPal, PG&E, Molina Healthcare, Ross Stores, Chipotle Mexican Grill, El Pollo Loco, and Del Taco Restaurants - all companies with no Latinos on their board of directors.
US Latinos hold a mere 2.2% of the board seats among the publicly-traded companies listed in the Russell 3000 Index, according to ISS ESG data as of August 31, 2020.
In 2019, LCDA analysis found that 76.8% of the Fortune 1000 companies do not have a Latino on their board.
Only 23.2% of the F1000 companies had one or more US Latinos on their boards, occupying only 2.7% of Fortune 1000 board seats.
Latinos in the US are the largest racial or ethnic group in this country, totaling 58 million (18% of the population) and projected to grow, on average, 1.2M per year between 2017 and 2060. US Latino consumers are the economic engine of the country; they command $2.3T GDP and are driving consumption growth in every mass consumer category.