Pride pays: report shows LGBTQ+ inclusion can boost profits
Being transparent about LGBTQIA+ corporate inclusion and staffing could lead to better company profitability, according to a report published on Thursday.
The Investor Guide to LGBTQIA+ Inclusion found that the companies with the top LGBTQIA+ transparency scores were 2.3 times more profitable than the bottom 25.
Analysing the 290 largest listed companies in the United States, Britain, Germany and Australia, the report looked at how they integrate LGBTQIA+ inclusion into their environmental, social and governance (ESG) strategies and reporting.
It was produced by Open for Business, a coalition of global companies making the case that inclusive and diverse societies are better for business and economic growth. “(This) demonstrates a clear link between LGBTQ+ inclusion and higher returns for investors,” said Dominic Arnall, chief executive of Open For Business.
