by Gina Ragusa
Originally published: July 6, 2016
Companies that cast a larger net into the talent pool and don't discriminate based on sexual orientation are far more successful than those who do, according to a Credit Suisse survey.
The report focused on 270 companies from a variety of sectors led by open LGBT managers and leaders. As compared to companies that outwardly discriminated or organizations without a specific non-discrimination policy, the companies that embraced LBGT employees outperformed in categories including average return on equity, cash flow return on investment and an increase in profit.
Over the past few decades, employers have increasingly articulated the business case for diversity as they have adopted LGBT-inclusive internal corporate non-discrimination policies, says Christy Mallory, senior counsel for the UCLA School of Law's Williams Institute and an expert on sexual orientation and gender identity non-discrimination protections.