Two Companies, One Day, Two Very Different Results Merck published its annual sustainability report this week. The company’s website still states that Merck was among the first U.S. companies to disclose Equal Employment Opportunity data and that it will “continue to do so annually.” … Read More
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The Great Human Capital Retreat
There’s a particular kind of corporate behavior where a company spends three years telling you how much it cares about something, builds a dedicated page on its website to prove it, hires people to measure it — and then, quietly, … Read More
The Retreat in Workforce Transparency and the End of an Investing Anomaly
Workforce disclosure is retreating faster than most investors realize, while one of the best-known human capital investment signals appears to have been largely arbitraged away. The common thread is that workforce data still matters — but extracting useful signal from … Read More
“Lower-Value Human Capital,” Falling Meta Morale, and the Transparency Pullback
The Workforce Transparency Boom Is Fading For nearly 60 years, the federal government has collected workforce demographic data from tens of thousands of American employers through the EEO-1 reporting system. That system may now be ending. On May 14, the … Read More
Five Sustainability and Human Capital Disclosure Trends
Back in May, we published a detailed analysis of proxy season disclosure trends. We are finalizing a research paper analyzing trends across all sustainability-related disclosures covering workforce representation, employee development, pay equity, and board of directors—sign up now to get the full report … Read More
The State of Human Capital and DEI in 3 Charts
Last month, we highlighted the drastic pullback in board diversity disclosures early in this shareholder season. With nearly 2,500 Russell 3000 companies publishing their proxy statements, today we’re providing a more comprehensive look at board disclosure trends. Overall, there has been an … Read More
Introducing the PeopleReturn Risk Monitor
Last Friday, a federal judge in Texas ruled that American Airlines violated federal law by allowing funds in its 401(k) plan from investment companies (mainly Blackrock), by “investing—or relying on others to invest—their employees’ retirement assets towards environmental, social, and governance (“ESG”) … Read More