Carlyle Group Inc. is implementing new diversity and inclusion initiatives in a bid to mitigate racial disparity within its own workforce and portfolio companies, The Wall Street Journal reported, citing a spokeswoman for the private equity firm.

Under the private equity firm's new hiring process, at least one candidate that is Black, Latino, Pacific Islander or Native American will be interviewed for every new role. The firm also committed to making sure that 30% of its portfolio companies' boards are ethnically diverse, the spokeswoman said.

Carlyle will incorporate diversity and inclusion into the formal evaluation process for firm managers and portfolios. Employees at the firm will be asked to add a diversity and inclusion objective as part of its new goal-setting process that will be rolled out in 2021, the spokeswoman added, according to the publication.

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