Program areas at JUST Capital Foundation
Just Capital is the only independent nonprofit that tracks, analyzes, and engages with large corporations as well as their investors on how they perform on the public's priorities. Our research, rankings, indexes, and data-driven tools empower all market participants to help build a more Just economy. We poll americans every year to identify the issues that matter most in defining Just business behavior today. We then define metrics that map to those issues and track and analyze the largest, publicly traded u.s. companies. Since 2015 we've polled more than 165,000 americans on their priorities for capitalism and Just business behavior. Our survey research not only provides a clear roadmap for what issues matter most to the american public when it comes to Just business behavior, but also details timely, relevant insights into american sentiments into the most critical issues of our time.in 2022, we tracked, analyzed, and ranked 951 companies across five stakeholder groups, 20 issues, and 245 data points. Of these companies, 501 registered for our corporate portal and 350 engaged with our data review period, representing 14 million workers, 9% of the total u.s. Workforce. 54% of companies who engage with Just Capital say they've changed behavior because of their engagement with us. We worked with over 110 companies to help them improve their stakeholder performance. Our annual rankings of america's most Just companies showcased the companies at the forefront of stakeholder-driven leadership, tracking how corporate leaders delivered value to all their stakeholders including their workers, customers, communities, shareholders, and the environment. In 2021, we launched a new, expansive partnership with cnbc which includes the exclusive rights to publish the Just 100 list of companies leading our ranking of america's most companies, as well as ongoing profiles and segments that elevate esg data and stakeholder metrics on par with traditional financial metrics to define what good looks like regarding corporate performance today. In addition to the rankings, throughout 2022 we built out data-driven insights and programmatic initiatives, partnerships, and products to directly encourage and support corporations to adopt more Just business practices. Below are key highlights: Just jobs program: in september 2022, we launched the Just jobs program, a new umbrella program that furthers our ongoing commitment to advancing job quality with the nation's largest companies. The Just jobs program encompasses our initiatives on worker financial wellness and advancing racial equity along with a new corporate care network. Advancing racial equity: through the country's ongoing reckoning with racial injustice, companies have pledged billions toward advancing racial equity, setting commitments and goals and starting new initiatives. In 2022, we released the second iteration of our corporate racial equity tracker to monitor policies and practices that help fulfill these commitments. We also released a supporting series of spotlights to help companies take action on key issues including pay equity and community investments. In addition to the tracker, we released a workforce equity and mobility ranking to examine how companies are with the corporate racial equity alliance alongside policylink and fsg, we continued to develop new corporate performance standards to set the bar for what good looks like, embed accountability, and establish consistency in how corporations approach equity. This included opening up a public comment period, with input received from 300 individuals, to shape the standards. Supporting worker financial wellness: in 2022, we broadened the cohort of companies participating in the worker financial wellness initiative to 13 total. This group represents 935,000, or 1 in every 176, american workers, including 700,000 frontline workers. Since joining, five companies have increased wages, benefitting 250,000 workers; seven have expanded benefits offerings or eligibility; and 92% have completed at least one financial wellness assessment of their workforce. Throughout the year, we also worked to continue elevating the importance of a living wage as a pay benchmark and foster peer-to-peer learning with quarterly roundtables among participating companies.corporate care network: in 2022, Just worked with paid leave for the u.s. (pl+us), a time-bound campaign focused on securing paid family and medical leave for american workers, to transition companies partnered with pl+us to a just-convened network as the campaign was coming to a close. We hired a dedicated staff member to oversee this transition, secured funding to support it, and developed the corporate care network to be publicly launched in 2023. Demonstrating the investor case: Just Capital also helps drive Capital toward more Just companies through developing investment products, convening investors for timely conversations, and demonstrating the connection between stakeholder performance and market performance. As of 2022, our suite of products represented a total over $400 million in aum across 11 different investment products using Just Capital data. Our flagship index the Just u.s. large cap diversified index (julcd) which includes the top 50% of russell 1000 companies we rank, has outperformed the russell 1000 by 9.3% since its 2018 inception through december 30, 2022, and powers goldman sachs asset management's Just etf. Our Just 100 index (juone), which tracks the top 100 companies in our rankings of america's most Just companies, has also outperformed the russell 1000 by 13.3% since inception through december 30, 2022. Shifting the narrative: across broadcast, digital, and events platforms we are expanding our reach and influence with the top business and financial leaders in america helping redefine business leadership and inspire companies to take action. In 2022, we continued to highlight the leadership of the Just 100 companies through our media partnership with cnbc. Through our exclusive partnership, we're lifting up our unique polling insights, putting corporate stakeholder performance metrics on par with traditional markets data, and showcasing what good looks like through Just ceo interviews, reaching an audience of 547 million business leaders and investors across cnbc's platforms each month. Between media coverage from cnbc and other leading outlets like bloomberg, fortune, wall street journal, insider, and reuters, Just reached over 1,000 cumulative press hits since in 2022 up by 227% from 2017.overall 2022 highlights include: 174 press highlights 124 editorial bylines 1,720,000 pageviews 14,000 subscribers to the Just report337 donors Just Capital polling has shown a growing desire for accountability, transparency, and action from corporate america. Throughout the coming year, Just's research, polling, analysis, and programs will work to incentivize, guide, and support companies' efforts to rebuild trust with their stakeholders. We'll be especially focused on workers, helping ensure all jobs offer fair pay, opportunity for growth, and a focus on equity for employees.