The company did not specify exactly how executive pay will be affected, but it set goals to raise the number of BIPOC, or Black, Indigenous and People of Color, employees across the board. At the corporate level, Starbucks is aiming for 30% BIPOC employees by 2025. In retail and manufacturing, the goal is 40% BIPOC employees within that timeframe.
Currently, BIPOC employees make up 18.5% of employees at the level of senior vice president or above.
In additional to linking executive pay to its diversity and inclusion efforts, Starbucks is launching a mentorship program connecting employees of color with senior leadership and including anti-bias materials into hiring, development and performance assessment processes, among other things.
The announcement also follows a slew of corporate commitments to increase diversity, which came after waves of Black Lives Matter protests earlier this year.
— CNN Business’s Clare Duffy contributed to this report.