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Industry Landscape
The racial equity data and DEI analytics industry is rapidly expanding, driven by increased corporate accountability demands, stakeholder pressure, and conscious consumerism. Companies are seeking robust metrics to benchmark performance, while consumers demand transparency and values alignment. The market is evolving with more sophisticated data collection and reporting, yet challenges remain in standardizing metrics and overcoming corporate resistance to full transparency.
Total Assets Under Management (AUM)
Global Diversity, Equity, and Inclusion (DEI) Solutions Market Size in United States
~Approximately 9.3 billion USD (for North America, which includes US) in 2023
(13.6% CAGR)
-Driven by increased focus on social justice and corporate responsibility.
-Growth in demand for DEI consulting and technology solutions.
-Mandates for ESG reporting pushing adoption.
Total Addressable Market
14.5 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
AI-Powered Data Analytics
Leveraging artificial intelligence and machine learning to analyze vast datasets for more nuanced and predictive insights into racial equity performance.
Blockchain for Transparency
Utilizing blockchain technology to create immutable and verifiable records of DEI initiatives, supplier diversity, and social impact investments, enhancing trust and accountability.
Natural Language Processing (NLP)
Applying NLP to extract and analyze qualitative data from public statements, news articles, and social media to assess corporate racial equity sentiment and identify potential red flags.
Impactful Policy Frameworks
California Assembly Bill (AB) 979 (2020)
Requires publicly held corporations headquartered in California to include directors from underrepresented communities on their boards, with specific targets based on board size.
This policy directly impacts how corporations report on board diversity, providing critical data points for the Black Dollar Index's corporate benchmarking and ratings.
SEC Climate-Related Disclosures (Proposed, 2022)
Proposed rules by the U.S. Securities and Exchange Commission (SEC) that would require public companies to disclose extensive climate-related information, including governance, strategy, risk management, and metrics.
While primarily climate-focused, this sets a precedent for increased ESG (Environmental, Social, Governance) reporting mandates that could extend to social equity metrics, pushing companies to disclose data relevant to BDI's analysis.
Nasdaq Board Diversity Rule (2021)
Requires all companies listed on Nasdaq's U.S. exchange to publicly disclose board-level diversity statistics and to have, or explain why they do not have, at least two diverse directors, including at least one who self-identifies as female and one who self-identifies as an underrepresented minority or LGBTQ+.
This rule directly mandates the disclosure of board diversity data, making it easier for the Black Dollar Index to access and integrate such crucial information into its corporate ratings and benchmarking efforts.
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