Deutsche Bank’s Post

Are companies that embrace LGBTQ+ inclusion more successful? According to an Open for Business report sponsored by Deutsche Bank, the answer is a resounding yes. The report, supported by companies like JPMorgan Chase & Co. , Microsoft, and American Express, highlights the financial benefits of LGBTQ+ inclusive strategies. Companies that prioritize LGBTQ+ inclusion have stronger financial performance, reputation, and brand preference. Inclusive companies also attract and retain top talent. #LGBTQ #BusinessPerformance #ESGStrategies

🌍💼🏳️🌈 Globe’s Top Firms: Why LGBTQ+ Inclusion is Good for Business Deutsche Bank sponsors a report from 36 leading companies, detailing the business advantages of LGBTQ+ inclusion. The report highlights how top listed companies integrate LGBTQ+ inclusion in their ESG strategies and its positive impact on business performance, emphasizing diversity's value in decision-making and talent retention. #ceoinsights #DEI #retentionstrategies #pridemonth

Exciting news! Open For Business released at the World Economic Forum last week its "𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫 𝐆𝐮𝐢𝐝𝐞 𝐭𝐨 𝐋𝐆𝐁𝐓𝐐+ 𝐈𝐧𝐜𝐥𝐮𝐬𝐢𝐨𝐧" which looks at why LGBTQ+ inclusion matters to investors and 𝐡𝐨𝐰 𝐢𝐭 𝐜𝐚𝐧 𝐛𝐞 𝐢𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐞𝐝 𝐰𝐢𝐭𝐡𝐢𝐧 𝐄𝐧𝐯𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭𝐚𝐥, 𝐒𝐨𝐜𝐢𝐚𝐥, 𝐚𝐧𝐝 𝐆𝐨𝐯𝐞𝐫𝐧𝐚𝐧𝐜𝐞 (𝐄𝐒𝐆) 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬. Evidence from the report shows how there is 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫 𝐝𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐥𝐠𝐛𝐭𝐪+ 𝐞𝐪𝐮𝐚𝐥𝐢𝐭𝐲, and that #lgbtq+ inclusive companies have stronger reputations and brand preferences. This is a must-read for everyone working on DEI or ESG topics. It is a great step towards promoting diversity and inclusion in the workplace while ensuring that companies are held accountable for their actions. We are happy to be part of the coalition. At ABB, we have a strong focus on LGBTQ+ inclusion as part of our D&I framework, which prohibits discrimination on any dimension, including gender identity and sexual orientation. 🙌🏻 Let's continue to work towards creating a more inclusive and equitable world for all!🙌🏻 #inclusion #diversity #ESG Link to the report in the comment

This post from Valerie Dryden is fantastic. The TL;DR is that a report from Deutsche Bank found that adding LGBTQ+ members to a team/company can often increase the effectiveness of the entire company. Including profits. As a white dude from the South of the US, I'm going to tell you why this is true 😂 I hate to tell you this, but Yoda was wrong. Some of the most effective teams I've had the privilege to be a part of were very diverse. It is an X-factor that is incredibly hard to explain but my experience tells me it's true. But "Why do they get to be special but I'm not because I'm white/a dude?" is actually a really important question to ask and seek an answer for! If we can find a good answer for that question that revolves around the person and not broad labels then inclusion and equity become easier to implement. I've thought a lot (I mean a looooooooot) about this. I know it's true, but why? It's wisdom. Wisdom is a voice that causes introspection in others. It is the thing that lets you respond in a way that will often cause others to pause in their normal thought process. It is all about understanding the other person's motivations well enough that your input is arresting, even if just a bit. And wisdom often comes from suffering. When you suffer, you end up having to confront a lot of things about yourself and the situation you're in. It breeds introspection within you as you grapple with why you're suffering. It strips away your preconceived notions about yourself and why you got to where you are. It is a universal equalizer. This is not to say that being a white dude means I can't suffer. We can all suffer, every single one of us. One reason most of us work so hard is to avoid suffering! Suffering is a universal possibility, I'm living proof of that. Significant mental health battles that I will fight the rest of my life, a child with cancer and then epilepsy, I've seen some sh*t. But I think we can all agree that diverse groups are more likely to suffer than those are in the primary norm of society. Now, all of the sudden, a lot of the reasons diverse folks can have an outsized impact on a team are clear. Those that aren't in the norm, that don't fit the "ideal picture", are much more acquainted with suffering than those that fit the ideal. As a result, they have a greater likelihood of developing the wisdom that increases the effectiveness of a team. Go hug someone that is suffering. Those folks might just make you and yours better in the future. https://lnkd.in/efV4e3S5

At Philip Morris International, we value diversity and inclusion in everything we do. We know that each of us has something unique and valuable to contribute, and we want to create a space where everyone can be themselves and feel accepted. We recognize that Pride Month is an important occasion for many of our colleagues, friends, and loved ones who identify as LGBTQ+. We celebrate their courage, their resilience, and their authenticity. We also acknowledge that some of them may face difficulties or discrimination in expressing their identities freely. That's why we are committed to supporting them and fostering a culture of respect and empathy. We believe that authenticity is not only about being proud of who you are, but also about listening to and learning from others who may have different perspectives or experiences. For me, that means I LISTEN with Pride above all. Learn more about how PMI is celebrating Pride Month here: https://lnkd.in/dxYnd68n #PrideMonth #Authenticity #Inclusion #Equality #BeYourself

‘Go Woke, Go Broke’ 👎 'EDI is DEAD' 💀 Not according to the recent report from Open For Business. Their Investor guide to LGBTQ+ Inclusion shows that the top 25 corporations in LGBTQ+ transparency were 2.3 times more profitable than the bottom 25.🤑 Yes, you read that correctly - two point three times MORE PROFITABLE. With the global LGBTQ+ community gaining and wielding considerable consumer spending power, investors are taking notice and reevaluating their strategies. But that's not all! A whopping 92% of the largest American, British, German, and Australian public companies surveyed have recognised the undeniable importance of equity, diversity, and inclusion. 🌍🤝 They consider it a "material issue" for their business, meaning that they understand poor performance on EDI could jeopardise their long-term success and social license to operate. It's a wake-up call for everyone in the business world not investing in EDI! ⏰📊 #EDI #WOKE #Diversity #LGBT #HR #HumanResources #Equality #Inclusion #Investors

Said it before, I'll say it again... DE & I works, despite what "Supervillain X" says. Open For Business's research on the largest companies in the UK, US, Germany, and Australia has revealed a significant link between LGBTQ+ inclusion and corporate success! I went through the report and it's shown that businesses with high LGBTQ+ transparency scores are showing stronger financial performance and are attracting the best talent. So yeah, make sure you're on board with diversity and inclusion, because it correlates with better credit ratings, and innovation, AND it's shown consumers also prefer brands that champion diversity! #SmallBusiness #Inclusion #Diversity #LGBTQ

Future-focused leaders seek to make a meaningful impact—whether it’s reducing their carbon footprint or boosting contributions to LGBTQ+ organizations. Yet to ensure the long-term financial health of investors, organizations must also establish purpose-driven performance metrics. So how can companies ensure their efforts measure up? It starts with assessing their purpose-driven objectives and motivation. Then, they can choose what strategies—compliance, cause, action—best align with their goals and culture. Read the Strategic Finance article from Julie Smith David, Tracey Sutherland and Paddy Harrington for a breakdown of how to build a framework that measures impact: https://lnkd.in/gwEBY4-a #PurposeDriven #finance #ESG #strategy

International Pride Day🌈 Today we celebrate International Pride Day, a date that reminds us of the importance of diversity, inclusion, and equality. On this day, we honor the struggle and achievements of the LGBTQ+ community and reaffirm our commitment to building a world where all people are free to be who they are, without fear of discrimination. At FIRST LATAM, we firmly believe that diversity makes us stronger and that every voice deserves to be heard. By incorporating a variety of opinions and perspectives, we not only open our minds but also enrich our experiences and learnings. Diversity helps us to live and let live, fostering an environment where respect and understanding are fundamental. We work daily to create an inclusive, respectful, and welcoming environment for all our employees, customers, and partners. This is a moment to reflect on how far we have come and how much we still have to do. It is an opportunity to educate ourselves, support our LGBTQ+ friends and colleagues, and continue advocating for human rights and equality. We hope that one day we truly give space to diversity, not just as a marketing idea, but as a reality in which all companies believe and commit to. 💪 Let’s continue working together to build a more inclusive and just future for everyone. 💪 #Pride2024 #LGBTQ #Diversity #Inclusion #Equality #PrideMonth #Pride

A strong DE&I strategy is not only a legal, moral and ethical imperative, but in industries like fashion, it can also deliver a proven competitive advantage. From attracting, retaining, developing, and motivating diverse talent to driving investment from ESG funds, a robust data-led DE&I strategy is more critical to sustainable business success than ever before. A workplace life is not homogenous, but beautifully and richly heterogeneous. Organizations must broaden their approach to gender beyond a binary perspective. Taking tangible steps towards meaningful change for LGBTQ+ communities is imperative. Read my insights: Drapers https://lnkd.in/eBJ43QgB #DEI #ESG #RealWorldChange #Leadership (Picture credit in article)