Why should people care about diversity, equity and inclusion (DE&I)?
The business case for diversity, equity and inclusion (DE&I) is stronger than ever.
Diversity wins is the third report in a McKinsey series investigating the business case for diversity.
The latest report shows not only that the business case remains robust but also that the relationship between diversity on executive teams and the likelihood of financial outperformance has strengthened over time.
The latest analysis reaffirms the strong business case for both gender diversity and ethnic and cultural diversity in corporate leadership—and shows that this business case continues to strengthen. The most diverse companies are now more likely than ever to outperform less diverse peers on profitability.
The 2019 analysis finds that companies in the top quartile for gender diversity on executive teams were 25 percent more likely to have above-average profitability than companies in the fourth quartile—up from 21 percent in 2017 and 15 percent in 2014.
It also showed that companies should pay much greater attention to inclusion, even when they are relatively diverse.
Check out McKinsey’s Diversity Wins report.
After a little more inspiration to win the hearts and minds?
Check out our Diversity Agenda purpose video.