Companies, organizations, and governments can play a major role in addressing racial inequities. We are committed to helping our clients and society become more inclusive and equitable for all.
A confluence of crises has brought longstanding racial inequities, such as those in health care, economic opportunities, and social justice, into sharp focus. These crises have compelled organizations and their leaders to act—as employers, as members of society, and as economic engines—to advance racial equity and dismantle systemic racism.
Many leaders want to invest in corporate philanthropy and racial-equity initiatives but aren’t sure how to use these levers to achieve impact. They are also looking to understand how to expand their offerings to better serve Black, Latinx, and Asian customers and communities; how to better partner with and enable minority-owned businesses as suppliers; and how to advance, retain, and invest in minority employees.
At BCG, diversity is a core founding value, and we bring our experiences, insight, and expertise to our clients.
Our racial-equity consultants partner with a range of clients—large corporations, growing businesses, educational institutions, governments, and the social sector—throughout the journey to diversity, equity, and inclusion (DEI).
Our holistic approach to achieving sustainable impact in DEI is built on three pillars of action.
Team and Culture in Racial Equity
We collaborate along the entire employee life cycle, helping you recruit in new ways, enhancing retention and advancement, establishing pay equity, and fostering inclusion. Our work includes:
When you put your company’s business to work for the greater good as well as your bottom line, both profit immensely. We help you build inclusive strategies, supply chains, products, and distribution channels that advance racial equity and business goals alike.
How can a company harness the economic power of its business to advance racial equity? Consider the financial sector: finding ways to serve the unbanked and underbanked can add customers and revenue to financial institutions while providing sorely needed solutions for building wealth to Latinx and Black consumers. To these discussions, BCG’s retail banking, public-sector, and racial-equity experts bring knowledge and data about trends, regulations, customer insights, and go-to-market strategies. And BCG Digital Ventures helps identify business innovation opportunities in the field by incubating concepts and commercializing opportunities.
BCG partners with leading organizations within the business community to combat systemic racism and advance racial equity and inclusion in society. We highlight a few of these partnerships below:
Misconceptions about Black and Latinx unbanked and underbanked households make it hard for the financial sector to address the problem effectively.
Social Impact Work Advancing Racial Equity
We help our clients reach across both the public and the private sectors to build coalitions and bring rigorous problem solving to seemingly intractable challenges, including racial equity.
In this moment of national reckoning, how can business leaders best show their support and advance racial equity in the workplace? By revitalizing their corporate purpose.
Our racial-equity consultants support our clients throughout their diversity, equity, and inclusion journey, meeting them at their unique starting points and helping them advance their business and racial-impact goals.
To create inclusive workforces and inclusive products, companies must treat inclusion as a business innovation, explains Kedra Newsom Reeves, colead of BCG’s North America Center for Inclusion and Equity. Bridging the racial wealth gap requires committed resources and responsibilities.