For financial institutions, “doing good” and “doing well” no longer need to be separate goals. Learn how firms can align purpose and profit to help meet the needs of the underserved market.
The Swiss drugmaker has launched an ambitious diversity and inclusion program that includes funding for historically Black colleges and universities, mentoring, a new clinical trials center and data quality research, among other goals.
The Bank of England and Financial Conduct Authority said increased diversity and inclusion improved how companies were run and how decisions were taken, creating a more innovative industry that offers better products to consumers.
There are few schemes to reduce social disparities in the workplace, with the researchers explaining that NONE of the top 50 companies lauded by DiversityInc for their diversity and inclusion efforts make specific mention of socio-economic status in their programs.
Organizations often have a narrow view of who they want to hire and retain. To make progress on this issue, leaders need to focus on both more traditional definitions of diversity (race, gender, ethnicity, and sexual orientation) and also expand their lens to consider age, socioeconomic status, and lived experience as well.