Businesses in today’s world are expected to play a proactive role in advancing ethnic and racial Diversity and Inclusion (D&I) in the workplace, in value chains and ecosystems.
How can companies not just bring in, but also retain diverse talent? How can companies ensure that their strategies and work environments are inclusive and offer equal opportunities for all? How can D&I strategies be implemented across global organisations? More specifically, how can companies address ethnic and racial injustices in European markets where the legal structures and dialogues on the topic differ and manifest in unique ways?
B4IG’s new Operational Recommendations focused on Ethnic Diversity & Inclusion offer collective experience and learning from leading global companies on how business can take action and develop suitable solutions to meet the needs in diverse cultural contexts.
We share these Operational Recommendations with great humility, aware of the difficulties companies and their employees, and the larger business ecosystem face in addressing this topic proactively. We believe sharing these experiences – negative and positive – is critical to ensuring the wider business community makes the strides now required.
B4IG’s Ethnic D&I Operational Recommendations are presented as four pillars with 10 sub-dimensions, indicating specific areas for action:
- Recommendation I. Bold Leadership: Set goals that reach beyond legal compliance and hold leaders accountable for results with transparency of metrics & progress.
- Recommendation II. Talent Actions: Implement D&I talent actions across attraction, retention, development, advancement & other key processes.
- Recommendation III. Culture: Build an inclusive, diverse, and bias-free workplace, where employees are enabled to drive change, and inclusive leadership is role-modelled.
- Recommendation IV. Ecosystem: Engage clients, customers, partners, and suppliers to support meaningful change in their organizations, and within local communities.
Companies are encouraged to follow either all of the recommendations or to a partial degree, depending on company-specific challenges, maturity level, strategic objectives or national legislations.