The positive association between gender and ethnic diversity and financial performance has been widely reported. It’s becoming common knowledge that diversity and inclusion are imperative for any business; resulting in companies being 33% more likely to achieve better than average profits (McKinsey, 2018), as well as demonstrably improving employee engagement and staff retention.
Yet still, within the UK’s technology sector, women make up only 17% of the workforce and there is currently zero British BAME representation on the boards of the UK’s top 16 Tech companies (Colorintech).
We are working hard with our partners and allies to make change, advocating for greater support of Diversity & Inclusion strategy at C-level across the industry. In The Chief Diversity Officer in 2019 report, we’ve collaborated with ColorinTech to interview some of the most experienced D&I leaders around the world. We focus on how they believe they can be empowered to successfully transform business at its core. We explore how CDOs view their roles and positions, the support they need to thrive and finally, make recommendations for those thinking about hiring a CDO.