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1. Companies whose staff are not representative of their customers risk becoming out of touch with their customers. 2. ESG credentials attract investors with E
by jl6 3y ago
1. Companies whose staff are not representative of their customers risk becoming out of touch with their customers.
2. ESG credentials attract investors with ESG goals.
3. Diversity is associated with positive goodwill, so it can be exploited to gain an edge in marketing.
I’m not saying I agree these are valid justifications (#1 particularly could be spun as an argument against diversity), but these are some of the reasons that get deployed.
- akomtu 3y ago2 is a big one. There are large ESG funds with very political agenda. Shareholders don't care about the agenda, but want the ESG money, and if all it takes is creating a "diversity officer" role, they'll do it. But right now the ESG funds are experiencing financial difficulties, and so the shareholders are dumping them.
- karmakurtisaani 3y agoIt also doesn't cost that much compared to other things, so there probably isn't that much to justify.