Sephora announced on June 10 it had signed the 15 Percent Pledge.As a result, Sephora -- owned by luxury company LVMH -- will now devote 15 percent of its shelf space to black-owned businesses.The Pledge was launched in an Instagram post in May by Aurora James, founder and creative director of luxury accessories brand Brother Velles, according to a report from The New York Times.Now the pledge has a website, which lays out three action steps that retailers can take.Those steps include reviewing how many black-owned businesses are already contracted with the retailer, recognizing “blind spots and biases” at the company and publishing them “internally and externally” and finally making and publishing an action plan for how to give 15 percent.