Unilever and L’Oréal are among the 34 global companies joining forces to tackle inequality and promote workplace diversity as part of an initiative launched last weekend at the G7 Summit in France, according to a report published by Business Green.

Members of the Business for Inclusive Growth coalition, who combined boast revenues in excess of US$1 trillion have signed a pledge committing them to take action to even out the fruits of economic growth over a three-year period.  

“Growing inequality is one of the biggest social challenges in the world today, perpetuating poverty, undermining social cohesion and trust,” OECD Secretary-General Angel Gurria said, per Business Green. “Sustainable economic growth means inclusive economic growth. It means giving every individual the opportunity to fulfil her or his potential, the chance not only to contribute to a nation’s growth but to benefit from it, regardless of their background or origins.”