This story is available exclusively to Insider subscribers.
Become an Insider and start reading now.
Foot Locker Inc. has released its five-year plan to combat racism and increase diversity.
The new initiative includes monetary commitments and programs to diversify talent pipelines.
Foot Locker's CEO said the sneaker industry should lead when it comes to promoting racial equality.
Like many leading footwear companies, Foot Locker Inc. made public commitments to support the Black community this past summer in the wake of the killing of George Floyd and the ensuing protests that spread across America.
But as a brand already entrenched in diversity, Foot Locker's role in setting the corporate tone was not lost on its CEO, who said the footwear industry has a unique "responsibility in a leadership position" to impact other business sectors as well.