A group of more than 150 CEOs from some of the world's leading companies have signed on to the CEO Action for Diversity & Inclusion™, the largest CEO-driven business commitment to advance diversity and inclusion in the workplace. By signing on to this commitment, CEOs are pledging to take action to cultivate a workplace where diverse perspectives and experiences are welcomed and respected, where employees feel encouraged to discuss diversity and inclusion, and where best known—and unsuccessful—actions can be shared across organizations via a unified hub, CEOAction.com, in an effort to advance diversity and inclusion in the workplace.
A growing body of research reveals that stronger business outcomes directly correlate with diverse teams and inclusive workplace environments. In a 2016 report, researchers from seven universities concluded that while diversity increases innovation, promotes higher quality decisions, and enhances economic growth, the benefits of diversity are often not fully realized.
This research is further supported by a new report from the Center for Talent Innovation, a nonprofit think tank, which found that when employees can discuss the topic of race relations at work, they feel significantly more included and that their ideas are heard and recognized. Unfortunately, the report also found that more than two out of three employees are currently uncomfortable discussing race relations, and 29 percent feel it is never acceptable at their company to speak about experiences of race-based bias. Understanding this dynamic, and other dynamics related to diversity and inclusion, is why the signatories of the CEO Action for Diversity & Inclusion™ have committed to take action, and in turn, improve corporate performance, drive growth, and enhance employee engagement.
"We are living in a world of complex divisions and tensions that can have a significant impact on our work environment. Yet, it's often the case that when we walk into our workplace – where we spend the majority of our time – we don't openly address these topics," said Tim Ryan, U.S. Chairman and Senior Partner of PwC and chair of the steering committee for the CEO Action for Diversity & Inclusion™. "CEOs across the country understand this isn't a competitive issue, but a societal issue, and together we can raise the bar for the entire business community. By sharing best known actions and programs, we are helping to create a more inclusive environment that will encourage all of us to bring our greatest talents, perspectives, and experiences to the workplace."
The CEO Action for Diversity & Inclusion™ is led by a steering committee of CEOs and leaders from Accenture, BCG, Deloitte US, The Executive Leadership Council, EY, General Atlantic, KPMG, New York Life, Procter & Gamble, and PwC. The coalition represents more than 50 industries, all 50 US States, and millions of employees globally. Each signatory has committed to taking the following steps to increase diversity and foster inclusion within their respective organizations and the larger business community:
New York Life CEO and Chairman Ted Mathas: "Fostering a work environment that supports diversity and inclusion is a responsibility every business leader shares. But embracing different perspectives and opening ourselves to new ways of seeing the world is a responsibility we all share. The CEO Action for Diversity & Inclusion™ provides an opportunity to learn from each other, engage more people, and strengthen our society as a whole."
Procter & Gamble Chairman of the Board, President and CEO David Taylor: "We have a proud and growing tradition of advocating for dialogue and action that drives progress – and issues of diversity and inclusion are no different. By working side-by-side with others to address these challenges head on, we believe we can create better workplaces and stronger communities where all people are welcome, valued, and respected."
For more information on the CEO Action for Diversity & Inclusion™ or to get involved, please visit CEOAction.com.
SOURCE CEO Action for Diversity & Inclusion™
Edited by G. Davila