Diversity is the solution, not a problem to solve

Diversity is the solution, not a problem to solve

The Diversity Project, June 2018

Co

nte

nts

1. Diverse businesses create better

2. Diverse businesses create

better business returns

3. Diverse teams are more innovative

priority improve their reputation and brand

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Sources8

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Fostering inclusive and more diverse workplaces can play an important role in addressing some of the most important business issues, including creating better outcomes for customers; increasing innovation; helping to attract and retain talent; enhancing reputation and brand; and ultimately generating higher returns.

1. Diverse businesses create better outcomes

2. Diverse businesses create better business returns

3. Diverse teams are more innovative and create

5. Firms who have diversity and inclusion as a business priority improve their reputation and brand A focus on diversity makes a positive impact upon

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on market opportunities, due to diverse contributors better 1

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of websites, brochures, and other assets.4

customer preferences.5

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1. Diverse businesses create better outcomes for customers

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2. Diverse businesses create better business returns

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three or more women board directors.5

the appointment of more women.

women on the board improves performance on corporate and

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and diverse boards of directors perform better.11

Ethnic and cultural

diversity

33%

outperformance 2

4

3. Diverse teams are more innovative and create more value

their efforts.1

pursuit of different and innovative approaches.1

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perform a wide variety of tasks.4

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5

Power-of-Diversity-v2.pdf

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attract new business.11

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82%

of respondents believe diversity develops new products

¼½of these

believe it led to products for only new customers

believe both new and existing customers3

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seekers say a diverse workforce is an important factor when

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diversity in teams was associated with superior adherence

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5. Firms who have diversity and inclusion as a business priority improve their reputation and brand

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• PwC research showed that compared to research in other

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Sources

How diversity can drive innovation, HBR

When women thrive, Mercer

4 ways diverse teams can boost an employer’s brand, Entrepreneur

Women in advice, State Streetin-advice.pdf

Breaking the mirror image, Pensions and Lifetimes Savings Association,

Delivering through diversity, McKinseydiversity

The impact of gender diversity on the performance of business teams, Harvard Kennedy School,

http://

Assembling a dream team – how gender diversity can strengthen your team, Credit Suisse https://

https://www.independent.co.uk/news/business/news/

http://

http://www.chabris.com/

Demography and diversity in organisations, Williams & O’Reilley

Gender diversity and corporate performance, Credit Suisse

Unleashing the Power of Diversity, The City of London,

Gender diversity in investment management, CFA

Magnet for talent – Managing diversity as a reputational risk and business opportunity, PwC, https://www.pwc.co.uk/human-

http://

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Contacts

Helena MorrisseyDiversity Project Chairhelena.morrissey@lgim.com

Jon TerryPwC, Partnerjon.p.terry@pwc.com

Katy BennettPwC, Directorkaty.e.bennett@pwc.com

Lucinda MillerPwC, Senior Managerlucinda.miller@pwc.com

Liz McCloskeyPwC, FS Marketing Senior Managerliz.mccloskey@pwc.com

www.pwc.co.uk www.diversityproject.com