Accelerated by global calls for racial justice and equity, organizational focus on diversity, equity and inclusion (DEI) has evolved from a “nice to have” to a business imperative. Consumers, investors, communities and talent are now seeking out companies that are making progress on social sustainability measures — moving the needle on the “S” of ESG, which has DEI at its heart.
When leaders proactively work to advance equality, they tend to see improvements in their bottom lines. The employee experience becomes more appealing — organizations are better equipped to attract and retain top talent, and people are more highly engaged and motivated to increase productivity and performance. And when the workforce includes people from diverse backgrounds who feel empowered to present ideas born of a variety of experiences, innovation grows.
That’s why more organizations are embedding DEI measures into their strategies and creating measurable business goals around them. This means integrating DEI considerations across:
Engagement, accountability and leadership
Organization design and governance
Pay equity commitments and analysis
Talent practices and career development
Financial wellness, health and caregiving
Policies and programs
Amid a global pandemic, racial and social unrest, and the rise of stakeholder capitalism, it’s a business imperative that leaders take action to create a more diverse, equitable and inclusive society.
Read the paper and learn how to create a revitalized vision for DEI
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