· 2 min read
illuminem summarizes for you the essential news of the day. Read the full piece on Forbes or enjoy below:
🗞️ Driving the news: Paolo Gaudiano explores the importance of integrating Diversity, Equity, and Inclusion (DEI) into corporate strategy by comparing DEI metrics to financial metrics
• He argues that just as financial metrics provide a comprehensive view of a company's financial health, DEI metrics offer insight into the organization's "people's health."
🔭 The context: Gaudiano emphasizes that DEI should extend beyond diversity as the sole metric, suggesting that inclusion and equity are equally important for a holistic understanding
• He draws parallels between DEI measures and financial statements — diversity with the balance sheet, inclusion with cash flow, and equity with income, to underscore their interconnectedness in shaping corporate strategy
🌍 Why it matters for the planet: The integration of DEI into corporate strategy is essential for fostering a sustainable and inclusive work environment
• By treating human assets with the same strategic importance as financial assets, companies can improve productivity, and employee satisfaction, and ultimately, contribute positively to societal change
⏭️ What's next: Gaudiano advocates for the use of all three DEI metrics — diversity, inclusion, and equity — to inform strategic and tactical decisions within organizations
• He believes that embracing these elements will not only counteract the anti-DEI backlash but will also establish DEI as a key component of corporate strategy
💬 One quote: "Diversity is what you get, inclusion is what you do, and equity is what you want," Gaudiano explains, highlighting the roles of each element in achieving a balanced and fair workplace.
Click for more news covering the latest on Diversity & Inclusion
