Boston Consulting Group and Open for Business together launched a first-of-its-kind report on LGBTQ+ hiring across fast growing companies in emerging markets, at a conference hosted by the Federation of Indian Chambers of Commerce & Industry (FICCI). The report aims to highlight the present scenario, the business impact of hiring members of the LGBTQ+ community as well as what areas demand increased focus to improve the global stance on inclusion.
The conference was led by an esteemed panel including Elliot Vaughn, Managing Director & Partner, Boston Consulting Group; Seema Bansal, Partner & Director, Boston Consulting Group India; Dilip Chenoy, Secretary-General, FICCI; Drew Keller, Global Program Director, Open for Business; Parmesh Shahani, Founder of Godrej India Culture Lab; and Mellissa Ferrier, Global LGBTQ+ Lead at Wipro.
It is not surprising that even today there are countries that continue to remain hostile towards the LGBTQ+ community and their allies. Yet, the fact that there exist inclusive high impact companies in these economies, there is hope to foster greater adoption of LGBTQ+ inclusion. At present, 91% of the Fortune 500 companies have policies prohibiting discrimination on the basis of sexual orientation. Active participation in implementing LGBTQ+ friendly workplace policies is a step towards building a progressive and safe workplace for one and all.
Let’s take a look at the highlights of the report and areas of focus to foster inclusion.
Findings from the study
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