Economic inclusion becomes a sustainability imperative
“. . . Public companies ranking in the top quartile for ethnic and racial diversity are 35 percent more likely to have above-average financial returns, and those in the top quartile for gender diversity are 15 percent more likely to perform better financially.
“As societal expectations increase, many companies are becoming more transparent about the results of their diversity and inclusion initiatives, even if they are still slight. For example, underrepresented ethnicities comprised 3 percent of Pinterest’s staff in 2015 yet rose to 7 percent in 2016, the year it hired Head of Diversity and Inclusion Candice Morgan. In November, Glass Lewis, an institutional investor adviser, warned corporate boards without women that it will urge investors to vote against them in 2019. And in 2018, the EU will require large, listed companies to include diversity information in their annual reports.”
FULL STORY published April 5, 2018 via GreenBiz