Diversity, equity and inclusion (DE&I) are critical drivers of innovation, productivity and economic growth, according to a new report by EY.
Drawing on extensive research, industry collaborations and data analysis, DE&I interventions that deliver highlights how strategic DE&I interventions can create measurable impact and instil a culture of belonging for all employees.
It makes a series of recommendations to ensure organisations’ interventions have the biggest impact in improving workplace equity and inclusion across the broadest range of characteristics, including gender, ethnicity, disability, LGBTQ+ identities and socio-economic backgrounds.
Yelena Travis-Powell BEM, ICAEW’s Head of Global Equality, Equity and Belonging, says: “We are delighted to see the latest evidence-based report by EY. The political backlash against DE&I in the US has devalued progressive narratives. This report reminds us of the critical importance of DE&I in business.
“Within the UK and elsewhere, DE&I continues to play an essential role in boosting productivity, innovation and profitability. Against an unpredictable macroeconomic backdrop, it is more relevant than ever for organisations to fully embrace DE&I initiatives.
“The report contains practical examples, with focus on delivery of impactful actions and evidence-driven interventions, helping organisations to lay the foundations for long-term organisational success and reaffirming DE&I as a cornerstone of economic growth.”
Follow this link to the ICAEW's website to find out more DE&I critical to innovation, productivity and growth, finds EY | ICAEW