This article is intended for informational purposes only and should not be taken as legal advice. Please consult with your legal counsel to determine if you are in compliance with local regulations.
Canada DEI reporting requirements
Who must disclose diversity information?
Federal distributing corporations created under the Canada Business Corporations Act (CBCA), now need to disclose information to their shareholders and Corporations Canada on the diversity of their boards of directors and senior management teams.
DEI Reporting Requirements
Corporations have to report on the representation of 4 designated groups defined in the Employment Equity Act, on their board of directors and senior management teams:
- women
- Indigenous peoples (First Nations, Inuit, & Métis)
- persons with disabilities
- members of visible minorities.
Reporting on the representation of these 4 designated groups is the minimum requirement. Corporations may choose to disclose information about any other groups they believe contribute to the diversity of their boards and senior management teams. It also has to either disclose information about its policies and targets for the representation of the designated diversity groups, or explain why it does not have a policy and targets.
So what does this mean?
Corporations must know, and report on the representation of the 4 defined groups above. Diversio wants to help Canadian corporations meet these requirements.
With Diversio’s platform, you won’t just get the data you need. You will get the data, analytics, industry bench-marking, actionable insights, and training to build a more inclusive and engaged workplace that will impact your bottom line.
Visit ised-isde.canada.ca for more information regarding Canadian reporting requirements.
United States of America DEI reporting requirements
Who must disclose diversity information?
Under the U.S. Equal Employment Opportunity Commission employers who have at least 100 employees and federal contractors who have at least 50 employees are required to complete and submit an EEO-1 Report (a government form that requests information about employees’ job categories, ethnicity, race, and gender) to EEOC and the U.S. Department of Labor every year.
EE-01 data collection
The EEO-1 Component 1 report is a mandatory annual data collection that requires all private sector employers with 100 or more employees, and federal contractors with 50 or more employees meeting certain criteria, to submit demographic workforce data, including data by race/ethnicity, sex and job categories. The filing by eligible employers of the EEO-1 Component 1 Report is required under section 709(c) of Title VII of the Civil Rights Act of 1964, as amended, 42 U.S.C. § 2000e-8(c), and 29 CFR 1602.7-.14 and 41 CFR 60-1.7(a).
So what does this mean?
All private sector employees must have the data to fill out the EEO-1 report each year. This means collecting data on your employees ethnicity, sex and job categories. Diversio’s platform can help you get this data and learn how to use this data to improve DEI initiatives.
Visit EEOC.gov for more detailed information regarding American reporting requirementsÂ
How Diversio can support these reporting requirements
Diversio makes meeting these regulations simple, bringing the necessary data to your fingertips. From data and analytics, to industry-benchmarking and actionable insights
Book a demo here to learn more about DEI reporting requirements and how Diversio can help your company meet these requirements.Â
Who is Diversio?
By connecting artificial intelligence (AI) technology, sophisticated data analytics, and knowledgeable subject matter experts, Diversio is able to accurately diagnose opportunity areas, benchmark organizations against peers, and create a robust action plan to meet any DEI goal. Through the unique combination of technology and human expertise, Diversio is driving meaningful impact for hundreds of organizations across over 35 countries globally.
Diversio – The Diversity Experts™
For more information on Diversio, or how we can help you start your DEI program contact us at info@diversio.com.
