Situation
Under Dodd-Frank, federal financial regulatory agencies, including Censeo’s client agency, were required to create standards and put in place processes to increase employee diversity, ensure diversity throughout its supplier base, and promote diversity in the industries it regulates. Censeo was brought on board to assist with creating these standards and developing these processes.
Approach
While Dodd-Frank stipulated many new regulations, what these new rules would look like in practice was unclear. Starting day one, Censeo began a comprehensive review of diversity and inclusion practices throughout the financial services industry and the federal government to identify best practices and current trends. By giving the agency visibility into what was happening in the public and private sector, Censeo was able to empower the agency’s decision-makers to articulate the right vision for implementation.