{"id":20026,"date":"2020-10-22T09:30:32","date_gmt":"2020-10-22T13:30:32","guid":{"rendered":"https:\/\/www.benefitscanada.com\/news\/starbucks-tying-executive-pay-to-diversity-targets-151457"},"modified":"2020-10-22T09:30:32","modified_gmt":"2020-10-22T13:30:32","slug":"starbucks-tying-executive-pay-to-diversity-targets","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2020\/10\/22\/starbucks-tying-executive-pay-to-diversity-targets\/","title":{"rendered":"Starbucks tying executive pay to diversity targets"},"content":{"rendered":"
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Lauren Bailey<\/span> | October 22, 2020 <\/p>\n

Starbucks Corp. is aiming to tie its executive compensation to diversity targets beginning in 2021.<\/p>\n

The move is one of a series of initiatives the coffee chain has pledged to implement in its diversity, equity and inclusion goals and training, which come at a time of social justice unrest in the U.S.<\/p>\n

Starbucks has committed to making its current workforce diversity for all its U.S. locations public. It also mandated anti-bias training for executives and pledged that at least 30 per cent of its corporate employees and 40 per cent of its retail and manufacturing workforce are people of colour by 2025.<\/p>\n

Read: Starbucks launching digital wellness app for staff, family members<\/a><\/strong><\/p>\n

\u201cAs we discuss inclusion, diversity and equity, we discover time and again that these topics are foundational to our Starbucks\u2019 mission and values,\u201d said Kevin Johnson, chief executive officer of Starbucks, in a letter to employees. \u201cWe have a responsibility to build bridges and create environments where all are welcome. Our journey continues as we are guided by intentionality, transparency and accountability.\u201d<\/p>\n

The company announced similar measures in Canada; however, tying diversity targets to executive pay is not one of these. Its anti-racism plan was released internally this month.<\/p>\n

\u201cStarbucks recognizes that it\u2019s simply not enough to \u2018not be racist,\u2019 but instead, the company is focused on being anti-racist,\u201d said Carly Suppa-Clark, spokesperson for Starbucks Coffee Canada. \u201cWhile linking executive pay to diversity targets in 2021 is a U.S. focus, Starbucks Canada is holding itself and its leaders accountable for achieving anti-racism goals set out for the company.\u201d<\/p>\n

Read: How to use benefits to support diversity and inclusion<\/a><\/strong><\/p>\n

Read the full article at BenefitsCanada.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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