Racial Equity Audit (ID1046)

This metric is intended to capture whether the organization completed a racial equity audit specifically during the reporting period. If the organization completed a racial equity audit before the reporting period began, organizations should select “No.” Organizations, and especially investing organizations, should complete racial equity audits regularly to guide both internal practices and external activities. The outcome of the audit should inform the organization's racial equity strategy by leading to an action plan, and the organization should promptly mitigate any inequities identified. For further guidance on racial equity audits, including tools, see the Resources tab in the IRIS+ Racial Equity theme. Organizations may also consult the Resources section of this metric for guidance on how racial equity audits can be most effective and what tools exist to support equity audits.

Organizations should footnote details on how and by whom the audit was conducted. For further guidance and examples of racial equity audits, see Majority Action (https://www.racialjustice.majorityaction.us/racial-equity-auditing) and SOC Investment Group (https://www.socinvestmentgroup.com/racial-equity-audit).

This metric aligns with the Corporate Racial Equity Alliance’s (https://corporateracialequityalliance.org/) Investor Blueprint for Racial Equity and CEO Blueprint for Racial Equity (https://corporateracialequityalliance.org/2021-blueprint).