TORONTO - A coalition of Canadian business leaders have announced a strategic partnership for a program to support Black professionals on Bay Street and elsewhere.
The Canadian Council of Business Leaders Against Anti-Black Systemic Racism and the Canadian Association of Urban Financial Professional announced the plan dubbed the Black North Initiative on Monday.
The plan advocates for companies to work with them to hire more Black students for their internship/co-op programs and to ensure business succession planning strategies include a Black talent strategy to help build a pipeline of employees for future leadership positions.
It is also asking that businesses disaggregate their employee race data and publish it annually, including data on executive representation and/or employee mobility statistics for each racialized group.
The push to deal with systemic racism has gained strength in recent months in the wake of demonstrations held across Canada and the U.S.
A summit is planned for July 20 where business leaders will be asked to sign a CEO pledge and say what they are doing to fight anti-Black systemic racism.