PwC U.S. Takes Bold Steps to Combat Racism and Promote Diversity

PwC U.S. chair Tim Ryan has announced plans to combat racism, stating that employees are demanding real progress. The company’s plans include one week of paid time for its 55,000 employees each year to volunteer at nonprofits, a two-year fellowship program for some employees to work on policy issues that combat racial injustice and discrimination, and donations to four social justice organizations. The company will match employee contributions up to $1,000.

PwC U.S. is also creating a diversity and inclusion advisory committee consisting of employees across all levels of the company to help build out its larger plan to address racial inequality. Ryan has heard from thousands of employees in the last few days following Floyd’s death, and he believes that the company will listen to their concerns. The company will share each year progress on the diversity and inclusion plan, including “the good and the bad and room for improvement,” adding that transparency can be a major catalyst for action.

Ryan emphasizes the need for collaboration between the American business community and government policymakers to address racism and the deaths of unarmed black people by law enforcement. He said PwC U.S.’s new fellowship program was designed with that collaboration in mind. He acknowledged that these events and killings happen over and over again, and that a sustainable solution will require business and government working together.

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