Open for Business and the World Bank estimate that diminished public health outcomes in the LGBTQ+ community and workplace exclusion of LGBTQ+ people can cost Serbia more than RSD 47 billion (USD 443 million) per year.
Last week, we launched our Economic Case for LGBTQ+ Inclusion in Serbia, at a wonderful event at Dorćol Platz and in collaboration with BlackRock, whose grant helped power this report.
We were thrilled to welcome Martin Parkes, Managing Director, BlackRock, Paris, who shared personal reflections and a superb keynote speech, as well as our CEO Dominic Arnall, who highlighted key findings from this report. The second part of this event comprised a panel, moderated by Open for Business Director of Communications, Matt Horwood with panellists:
Jelena Kotević, Head of the Department for Cooperation and European Integration, Commissioner for Protection of Equality of the Republic of Serbia; Petar Blagojevic, Associate, BlackRock; Emina Mujkanovic, Head of Public Affairs for South Eastern Europe, IKEA; Aleksa Santic, Executive Director, Come Out; and Jelena Vasiljevic, Executive Director, Rainbow Ignite
The panel explored how the economic case can help drive the brilliant work already being undertaken in Serbia by the business community and civil society. We would like to thank our panellists for such a considered and productive conversation, as well as all attendees for their participation, and our excellent compere for the day, our Project Manager Amarildo Fecanji!
Key findings from the report include:
- Skilled workers in Serbia are leaving to work in more open societies. Serbia faces a brain drain crisis. World Bank-LinkedIn data analyses shows that Serbian workers are leaving to work in more open countries.
- Public health outcomes are worse for the LGBTQ+ community and have a cost to Serbian society. Minority stress, a pervasive anti-LGBTQ+ environment, and concerns about safety while living openly, fuel higher levels of discrimination and HIV in the LGBTQ+ community. The situation is associated with costs due to disability and lost wages.
- Serbia’s reputation as a non-inclusive society for LGBTQ+ people impacts its ability to attract talent, companies and investment. Data and news about the country’s anti-LGBTQ+ policies are creating a less than welcoming environment for growth.
- LGBTQ+ friendly companies outperform their rivals. Data from open for Business’ global research and interviews with local companies demonstrate there is a diversity dividend.
To read the full report, visit https://lnkd.in/eEf-HbBs