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Double our Black leadership and hiring of Black colleagues
Double our Black leadership and hiring of Black colleagues in our firm over the next four years.
Black Leadership Academy
Create a dedicated McKinsey Academy virtual leadership program and make it available at no cost to our clients to support rising Black executives. We will also broaden and expand our student internship programs across our firm to help grow more Black leaders.
Pro bono efforts
Commit $200 million over the next 10 years in pro bono work globally to advance racial equity and economic empowerment among Black communities.
Expert review of people processes
Bring to bear the best available expertise to help us ensure our processes are free from bias and to support the attraction, development, advancement and retention of Black and diverse colleagues.
Generation
Contribute $2 million in cash to Generation
to launch new programs in the US to train and place Black learners in small and medium-sized Black-owned businesses. Globally, we will double our support for Generation to train
and place 40,000 learners in 14 countries, predominantly from under-represented groups.
Firmwide day of service dedicated to understanding racial injustice
Create a firmwide day of service dedicated to understanding racial injustice and giving back to our communities. On that day, we will recognize those who exemplify anti-racism and inclusion.
Supplier diversity
Double our spending with diverse suppliers within three years.
Charitable giving
Donate a total of $5 million in cash this year to nonprofits working to create educational opportunities and combat racism. The majority of this gift will be directed to organizations to be selected by our McKinsey Black Network colleagues.
McKinsey Institute for Black Economic Mobility
Building upon the McKinsey Global Institute and our related longstanding research on racial inequities, we will found a Black economic institute to translate insights into practical tools to enable our clients to advance Black economic empowerment and racial equity in the United States and beyond.
Firmwide anti-racism learning journey
Engage our 32,000 colleagues in an
anti-racism and inclusion program in addition to our existing training on unconscious bias. We will make these materials available publicly for others to use in their own organizations.
10 ACTIONS—OUR COMMITMENTS AND PROGRESS
We implemented initiatives globally to advance our Firm’s tenured Black colleagues. These efforts have increased our leadership pipeline and performance outcomes. We also expanded our recruiting outreach to over 30 HBCUs and expanded our student internship programs. We created a Global Senior Hiring and Retention Hub for Black talent, the first of its kind. As a result, we have hired several senior-level leaders and have an active pipeline of additional senior-level prospects.
We hosted a firmwide Day of Service in mid-November 2020, where colleagues in 100% of our 154 global locations volunteered on efforts to solve racial equity as well as other issues impacting local communities. We served over 360 nonprofits through direct volunteering and problem-solving workshops. We also announced our INservice Award winners, recognizing seven colleagues driving positive, enduring change in their communities for equity and inclusion. In 2021, our Day of Service will center on the global theme of "Inclusive Economy and Society."
+ Hover to see our progress
See our progress
In the fall of 2020, we launched our first Equity and Inclusion learning program – completed by over 20,000 firm members – to establish a foundational understanding of topics such as equity, bias, identity and privilege, and allyship. This year, we reinforced this understanding by including equity and inclusion as important aspects of our professional responsibilities in firmwide required learning. Our next step will be to integrate equity and inclusion topics into our internal leadership development programs and create a version of our content that we can share with interested clients.
See our progress
Our progress
We launched anti-bias trainings for all colleagues involved in evaluations, trained bias observers embedded in rating and calibration discussions, and sent a short video and guide with tactical tips for mitigating bias in interviews to assessors across many parts of the world. An advisory council tasked with identifying and removing potential biases in the firm’s people processes is slated to meet in early 2021. Our learnings will be applied across even more of our systems and processes in 2021.
Our progress
In 2021, the McKinsey Institute for Black Economic Mobility focused on its mission to help private-, public-, and social-sector leaders take coordinated action to accelerate Black economic development. This included publishing flagship research on the economic state of Black America, developing several racial-equity capabilities to support client initiatives and have real-world impact, and partnering with more than twenty organizations across industries on efforts to improve Black livelihoods and communities.
Since we launched the Black Leadership Academy in September 2020, we have enrolled 20,000 participants from approximately
700 organizations and welcome new participants every month. The Executive Leadership Program is designed for senior executives with C-suite aspirations, and the management accelerator is designed for early- to mid-career managers. In fall 2021, we launched a Hispanic and Latino leadership academy, an Asian leadership academy, and expanded the Black Leadership Academy to Europe, the Middle East, and Africa. The McKinsey Academy has made its award-winning leadership programs available at no cost to help accelerate the progression of underrepresented talent in corporate America.
To strengthen our existing supplier diversity program, we are:
Developing category-specific strategies to increase reach and strengthen collaboration with diverse suppliers
Revamping internal procurement processes around the identification of new suppliers, training, and the proposal (RFP) process
Communicating to our largest suppliers – including non-diverse suppliers – the value we place on diversity, encouraging a ripple effect throughout our supply chain
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Generation, McKinsey’s most ambitious philanthropic investment in the future of work, is an independent nonprofit that provides training and opportunities for adult learners to find new and meaningful career pathways. We are supporting a new Generation program in the US to help Black graduates find internship placements so they can gain work experience as a bridge to higher-wage, high-growth job opportunities. With our support, the program has already created 100 internship opportunities and aspires to create hundreds more.
To date, we pledged $34 million in pro bono support to advance racial equity and help nonprofit organizations across North America deepen and broaden their impact
on key issues. This included launching partnerships with
13 organizations focused on topics such as wealth
creation and education, developing a racial-equity tool
to diagnose disparities at a local level, and launching regional transformation efforts aimed at solving
geo-specific racial-equity issues.
To choose the recipients of our $5 million pledge, our global McKinsey Black Network (MBN) community – colleagues and alumni identified nonprofits at the forefront of creating equity-centered opportunities and combating racism in our society. We then organized regional townhalls and charitable giving summits that allowed Black colleagues to select a global portfolio of 35+ gift recipients based on the scale of their impact potential. Selected recipients include a diverse group of local, national, and international organizations that support Black communities across a wide range of issues.
Day of Service
Day of
Service,
Generation,
Black Leadership Academy
35+ gift recipients
McKinsey Institute for Black Economic Mobility
Our next step is to enhance our learning journey to focus on shifting mindsets and behaviors, and to create a version of our content that we can share with our clients during 2021.
develop high-quality research
Executive Leadership Program
McKinsey Academy
supplier diversity program,