The relationship between diversity and business performance has never been clearer. Research from McKinsey has shown that companies in the top quartile for gender diversity on their executive teams were:
– 21% more likely to outperform their peers on profitability.
– 27% more likely to have superior value creation
Meanwhile, companies in the top quartile for ethnic/cultural diversity on executive teams were:
– 33% more likely to have industry-leading profitabilit
In comparison, companies in the bottom quartile for both gender and ethnic/ cultural diversity were:
– 29% less likely to achieve above average profitability
The data is clear – diversity and inclusion is a winning strategy.
1,2 McKinsey & Company, January 2018. ‘Delivering through Diversity.’ Accessed November 2019
3,4 Six-group.com, April 2019. ‘Diversity Helps Immensely.’ Accessed November 2019. Accessed November 2019.