Over a third of companies pledge to accelerate disability inclusion in the wake of Covid-19.
New research from The Valuable 500 is released to mark the 30th anniversary of Americans with Disabilities Act.
The findings show one third of corporations are committed to being more inclusive as COVID-19 has highlighted the importance of accessibility and flexible working.
However, the research also highlights there is still a long way to go with 15% of major corporations admitting to delaying efforts to address disability inclusion due to other pandemic recovery priorities.
In America, Boston Consulting Group, Black & Veatch, Mesoamerica, Nuance Communications, PVH Corp. brands Tommy Hilfiger and Calvin Klein, Voya Financial and Weil, Gotshal & Manges LLP are the latest companies to pledge to The Valuable 500.
Barilla, Canal-Plus, Electrocomponents PLC, Greene King, InMoment, Roche Pharma UK and Software AG are the latest companies headquartered in Europe to pledge to The Valuable 500.
Across the Middle East, India and Asia Dentsu, Seibu Group, Tara Chand Logistic (India) and Zain commit to The Valuable 500.
London, 24th July 1:11 am: Today, The Valuable 500 – the global movement which is working to get 500 of the world’s largest businesses to commit to placing disability inclusion on their business leadership agendas – recognises the upcoming 30th anniversary of Americans with Disabilities Act (ADA) Day on Sunday by releasing new research which highlights how companies are working to improve their diversity and inclusion policies.
The findings highlight the impact of COVID-19 on diversity and inclusion, concluding that 35% of companies are now more aware than ever of the needs of people with disabilities and are accelerating their actions and commitments to disability inclusion and accessibility. Changing perceptions around remote and flexible working, as well as a growing realisation of the importance of an inclusive and diverse corporate culture have both been identified as contributing factors for this trend.
Whilst this is positive news in the midst of a global crisis, other key learnings from the report drive home that there is still much work to be done in this space. 15% of organisations surveyed have had to shelve efforts around disability inclusion due to immediate challenges in the wake of a global health pandemic.
The research also looked more broadly at diversity and inclusion within major global corporations to mark the 30th anniversary of ADA and shows there is still a long way to go until equality is truly achieved. Findings show that despite 88% of corporations claiming disability inclusion is important to their business strategy – only 8% regularly include people with disabilities in marketing and communications.
Launched on the main stage at the World Economic Forum’s Annual Meeting in January 2019, The Valuable 500 is announcing today that it has reached 296 companies that have put disability on the business leadership agenda. It remains the only global CEO community committed to radically transforming the business system across the whole supply chain for the benefit of all those with a disability.
The latest global companies to join the movement include Barilla, Boston Consulting Group (BCG), MesoAmerica, Black & Veatch, Nuance Communications, PVH Corp. brands Tommy Hilfiger and Calvin Klein, Voya Financial and Weil, Gotshal & Manges LLP.
In addition, there is a strong European cohort joining the movement including Electrocomponents PLC, Greene King, InMoment, Roche Pharma UK and Software AG. There is also representation from the Middle East, India and Asia with Dentsu, Seibu Group, Tara Chand Logistic (India) and Zain committing by joining The Valuable 500.
The combined revenue of The Valuable 500’s current members is now over $4.1 trillion, with over 10.2 million employees and reaching across 30 countries.
Today, The Valuable 500 calls on businesses globally to join the movement and pledge to put disability on their board agendas as it has never been more important to be truly inclusive in the wake of COVID- 19. As it stands, there are 56 Valuable 500 members within the USA, accounting for 18% of current membership. Given the US remains the largest world economy, with 54 of the top global 100 companies (PWC Global Top 100), the membership percentage should be higher.
The Valuable 500’s goal is critical as currently, 15% of people worldwide live with some form of disability and, when you include the families of those living with a disability, this number rises significantly to 53%. Businesses cannot afford to exclude such a huge market comprising of talented employees and valuable customers with a significant spending power of $8 trillion per annum.
The Americans with Disabilities Act was an influential turning point in history and has been cited for its influence on disability rights internationally. In 2015, the then Secretary of State John Kerry highlighted that the principles underlying the ADA “inspired and are reflected in the 2006 UN Convention on the Rights of Persons with Disabilities” – the world’s first comprehensive global treaty on disability rights.
Today, as we celebrate this ADA anniversary, we still live in a world where significant discrimination and exclusion is present. This fact has been reinforced by recent events, from the Covid-19 pandemic to Black Lives Matter.
Under the current regulation 14 (c) of the Fair Labor Standards Act, businesses can apply for permits to pay disabled employees well below the federal minimum wage of $7.25 an hour. Besides local, state and federal government websites, there are no Americans with Disabilities Act Day legal standards to adhere to when it comes to website accessibility. These are areas we need to work on to make positive change happen for disability inclusion across society.
By engaging the most influential business leaders and brands, The Valuable 500 wants to create a tipping point that unlocks the business, social and economic value of the 1.3 billion people living with disabilities around the world.
Today’s research is important as disability is often forgotten or overlooked as part of diversity and inclusion reporting. Most D&I and sustainability reports fail to take into account the lives and experiences of people with disabilities, from employees to customers, and those who care for them. As a result, the topic of disability is heavily under-represented, under-researched and under-reported.
Commenting on what businesses need to do going forward, disability activist Judy Heumann said:
Launched by social entrepreneur and activist Caroline Casey at the World Economic Forum Annual Meeting in January 2019, The Valuable 500 aims to put disability on the global business leadership agenda.
The Valuable 500 was created by Binc, the organisation founded by Caroline Casey in 2015, with a mission to ignite a historic global movement for a new age of business inclusion – capitalising on Caroline Casey’s 18-year track record of success engaging over 450 organisations. The campaign has won three awards: a Cannes Lion, D&AD, and a BIMA.
Our goal is to persuade 500 multinational companies that have at least 1,000 employees to make a public commitment to advance disability inclusion in their organisation. By engaging the most influential business leaders and brands, we want to create a tipping point within business that unlocks the business, social and economic value of the 1.3 billion people living with disabilities around the world, and the millions of us who will become disabled over time
We believe that if business takes a lead, society and government will follow, truly inclusive businesses can build truly inclusive societies.
About The Valuable 500: Phase 2.
We have approached over 2,800 leaders across the globe to commit to specific actions including putting disability performance on their leadership agenda. The deadline to join the Valuable 500 has been extended to January 2021, coinciding with the World Economic Forum’s Annual Meeting in Davos, and we will continue to build momentum and work with business leaders to complete the sign-up formalities to reach our goal of 500.
We also will inaugurate Phase II development in 2020: a three-year effort to turn The Valuable 500 into a community of like-minded business peers committed to raising their game on disability by sharing models, lessons learned, and energy. This will include:
Helping our 500 CEOs boost inclusivity best practice at the leadership level through our Executive Inclusivity Programme.
Developing a peer-to-peer network of CEOs committed to inclusion.
Providing research and insight around inclusivity and business disability performance.
Empowering our CEOs to integrate disability across the entire value chain.
Continuing to change the global narrative around disability.
Whether you represent a company with more than 1000 employees looking to join our waiting list, or your company would like to join the Valuable Directory, we want to hear from you.