Open For Business, the coalition of global companies working to advance LGBTQ+ rights, has published its Investor Guide to LGBTQ+ Inclusion. The report looks at why LGBTQ+ inclusion matters to investors, and how it can be integrated within Environmental, Social, and Governance (ESG) strategies.
Specifically, the company’s research (analyzing 290 companies across 4 countries) provides evidence that:
* The Companies with the top 25 LGBTQ+ Transparency Scores are 2.3 times more profitable than the bottom 25.
* Companies that are LGBTQ+ inclusive also have better share price performance, higher return on equity, higher market valuations and stronger cash flows.
* Companies with higher LGBTQ+ Transparency Scores are more likely to appear in the Fortune World’s Most Admired Companies list.
* Global LGBTQ+ consumer spending power eclipses the GDP of leading economies such as Japan, Germany, India, UK and France.
* Companies with higher LGBTQ+ Transparency Scores have a larger LGBTQ+ workforce.
* LGBTQ+ inclusive companies have stronger financial performance (eg. better credit ratings, lower cost of capital, higher profit margins).
* LGBTQ+ inclusive companies are better able to attract and retain talent
* LGBTQ+ inclusive companies have stronger reputation and brand preference
* LGBTQ+ inclusive companies are better able to access LGBTQ+ consumer spending
The extensive report should be mandatory reading for all business leaders and company Boards. You can view the report HERE.
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