Breaking barriers: The role of businesses in combating racial discrimination

Systemic barriers still prevent fair access to jobs, leadership roles and more importantly economic advancements. The business sector is not merely an observer, but a key agent in driving tangible change. Companies that promote racial equity foster innovation and sustainable growth, while contributing to a more just society. 

By aligning with Sustainable Development Goals (SDGs) 8 (Decent Work and Economic Growth) and 10 (Reduced Inequalities), as well as Principles 1 (Businesses' Support for Human Rights – ensuring respect and protection) and 6 (Elimination of Discrimination in Employment and Occupation) of the United Nations Global Compact, businesses have the opportunity to lead the way in shaping a more inclusive future where diversity is not only recognized but truly embraced. 

UN Photo/Cia Pak

Diversity is not just a moral responsibility, it is an essential part of doing business. Research indicates that companies with ethnically varied teams drive higher innovation, perform better and make stronger decisions. Today’s young professionals expect inclusive workplaces and are more likely to support, work for and buy from businesses that align with their values. However, diversity alone is not enough. Without true inclusion, where different perspectives are respected and barriers are removed, businesses might risk only superficially supporting important causes without achieving meaningful change. Companies must make sure their diversity efforts are more than words, they must translate them into actual opportunities and fair treatment for all.

Businesses must act to make real progress. This begins with inclusive hiring practices and unconscious bias training to challenge stereotypes. Additionally, companies can take action by:

• Focusing on educating all internal stakeholders, while also encouraging accountable leadership from the top 
• Making sure employees and partners have access to resources, support and effective grievance channels
• Exploring ways to diversify suppliers and portfolios to include racial minorities, with the goal of closing the opportunity gap
• Supporting advocacy organizations that actively work to eradicate institutionalized racism

Transparency is essential—companies should monitor and disclose their diversity efforts to guarantee accountability. 

Racial equity cannot be achieved by businesses alone—it needs collaboration at all levels. Social movements have highlighted racial injustices, pressuring companies to do better. Hashtags and online campaigns have mobilized millions of people, raising diversity as a global conversation. But it does not stop with posting—real commitment means taking tangible action beyond mere performative activism. 

By supporting ethical businesses, pushing for organizational change and employing their platforms to combat discrimination, young people have an unprecedented ability to influence business practices. Collaboration among companies, workers and communities turns diversity from a policy into a movement that reshapes industries and societies. 

Young professionals play a crucial role in this change. Employees can push for more inclusive policies and consumers can hold brands accountable. Businesses that fail to take meaningful action risk losing the trust of the next generation, who increasingly expect companies to stand for true social progress.

The fight against racial discrimination needs commitment, action and accountability. Businesses must stop making empty promises and take real steps towards inclusion. All voices—whether as workers, consumers or digital activists—have the power to demand and drive meaningful change, ensuring that the responsibility does not fall on one individual alone, but rather points to the importance of collective action. Let’s not just talk about change—let’s make it happen. Your voice matters—be the change.