As diversity, equity and inclusion becomes a key part of ESG, Ethisphere and the ACC Foundation will provide in-house counsel with a means to assess DEI maturity
—Veta T. Richardson, ACC CEO and Foundation President
PHOENIX, ARIZONA, USA, March 30, 2022 /EINPresswire.com/ — Ethisphere, the global leader in promoting ethical business practices, has partnered with the Association of Corporate Counsel Foundation to integrate its Diversity, Equity and Inclusion (DEI) Maturity Model into the platform of Ethisphere evaluation. The solution will provide legal teams with an efficient way to understand where they currently stand with DEI, benchmark themselves against their peers, and leverage resources and guidance to map improvements.
Ethisphere’s Maturity Assessments provide a variety of assessments, advice, reports, benchmarking, and other proprietary tools to help organizations embed a measurement and improvement cycle in key business risk areas, such as compliance and social and governance programs. This collaboration with ACC Foundation – and in particular, the measurement of diversity, equity and inclusion, aligns with Ethisphere’s broader commitment to DEI, including the Ethisphere Equity and Social Justice Initiative.
The ACC Foundation’s DEI Maturity Model is a qualitative descriptive model that defines what it means for a target company to be at an early, intermediate, or advanced stage of maturity in three categories and 13 subcategories. The foundation is currently working with Ethisphere to develop a quantitative maturity scale of the model using the Ethisphere Maturity Assessments platform, which will allow legal departments to easily benchmark their practices against their peers and highlight potential areas for improvement.
Access to the ACC Foundation DEI Maturity Assessment will be free to all, but ACC members and members of the Business Ethics Leadership Alliance (BELA) – an Ethisphere member organization – will receive additional benchmarking that includes target scores, “red flag” scores, and links to a guidance library that includes observations, recommendations, and additional resources based on the maturity score respondents.
This new assessment is expected to go live in late spring 2022. A session specifically dedicated to the ACC Foundation’s DEI Maturity Model and Assessment Platform will be featured in the Ethisphere Solutions Session Series at the Global Security Summit. Ethics, Ethisphere’s annual event that showcases best-in-class thought leadership in ethics and compliance. To learn more and register for the session, click here.
“The progress of DEI within your organization must be measurable to be meaningful,” said Erica Salmon Byrne. Chairman of Ethisphere and Chairman of the Business Ethics Leadership Alliance (BELA). “Using the ACC Foundation’s DEI Maturity Model as a foundation for expanding our own assessment services, we empower organizations to set benchmarks and measure their progress against them when it comes to creating a more diverse, equitable and inclusive workplace.”
This is a major development for organizations looking to quantify their DEI programs – which are becoming an increasingly important component of ESG reporting. DEI initiatives have been a particular challenge for corporate lawyers, who often lack the tools to effectively measure the results of their own DEI programs.
“We are thrilled to partner with Ethisphere to provide this innovative framework through which organizations can effectively elevate their DEI programs from words to action,” said Veta T. Richardson, ACC CEO and Foundation President. “The more we can do to provide leaders with simple tools to evaluate their DEI programs and expand them to become repeatable and scalable action plans with real results and expectations attached to them, the more progress we will make to create a true fair, diverse, and inclusive business environment.
Ethisphere is the global leader in defining and promoting the standards of ethical business practices that fuel corporate character, market trust and business success. Ethisphere has deep expertise in measuring and setting fundamental ethical standards using data-driven insights that help companies build corporate character. Ethisphere honors superior achievement through its World’s Most Ethical Companies recognition program, provides a community of industry experts with the Business Ethics Leadership Alliance (BELA), and showcases trends and best practices in Ethics with Ethisphere Magazine. Ethisphere also helps drive business performance forward through data-driven assessments, benchmarking and consulting. Learn more about Ethisphere by visiting http://www.ethisphere.com.
About the ACC Foundation:
The ACC Foundation – a 501(c)(3) nonprofit organization – supports the efforts of the Association of Corporate Counsel (ACC) to advance diversity and pro bono efforts within the internal community. The ACC Foundation partners with corporations, law firms, legal service providers and law societies to help achieve these goals.