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Strengthening the Economic Case Report Highlights Open For Business – Open For Special Focus: Strengthening the economic case Strengthening Cities Strengthening the economic case Report Highlights By Jon Miller and Lucy Parker About this report The report is published by Open For Business, a coalition of global companies organized as a charity with the objective of promoting LGBT+ inclusion. What is the report’s purpose? Who is it for? This report aims to present a comprehensive This report is intended to set out the evidence that Contents evidence base for global LGBT+ inclusion, in will empower those making the case against LGBT+ order to demonstrate that successful businesses discrimination, wherever it exists in the world. Executive summary 02 thrive in diverse, inclusive societies and the Business action on LGBT+ inclusion 04 spread of anti-LGBT+ policies runs counter to the interests of business and economic development. Who are the authors? Why cities matter 06 This is the second report from Open For Business: Companies supporting Open For Business LBGT+ inclusion in cities 07 it updates and extends the evidence base, and contributed their global perspectives, experience (i) Innovation has a special focus on the economic case for and expertise on the business case for LGBT+ (ii) Talent and skills LGBT+ inclusion in cities. inclusion, and they actively participated in shaping the argument throughout the (iii) Quality of Living development of this report. The Open For Open For Business City Ratings 10 What is its scope? Business team undertook the fi nal analysis and New evidence: Some highlights 12 This report sets out the case for inclusion and writing of the report, led by Jon Miller and Lucy Open For Business Programs 14 diversity, with a specifi c focus on LGBT+. It brings Parker of the Brunswick Group. Ann-Kathrin Richter The voice of global business leaders 16 together a broad base of research undertaken led the research on the core evidence base; Starting a conversation on from different perspectives and covering different Ruairidh Macintosh led the research on the cities geographies and sectors, and identifi es themes section of the report; Drew Keller is the Open For LGBT+ inclusion IBC that are globally relevant. Business Program Director. Additional research on Global Challengers was undertaken by Boston Consulting Group. The Open For Business Research Advisory Board The work of Open For Business is supported by a Research Advisory Board, which provides ongoing guidance and feedback, and helps to ensure the economic case for LGBT+ inclusion is comprehensive and up to date. M.V. Lee Badgett Suen Yiu Tung Professor of Economics, University of Founding Director of Sexualities Research Massachusetts Amherst Program, Chinese University of Hong Kong Williams Distinguished Scholar at the Assistant Professor of Gender Studies; Author Williams Institute; Former Director of the of studies on LGBT+ issues in Asia, including Center for Public Policy and Administration; business and workplace contexts. Author of various key studies on the Matteo Winkler economic costs of homophobia. Assistant Professor of Law, HEC Paris Felicity Daly DrPH Developed diversity and inclusion strategy Global Research Program Coordinator, course for the HEC MBA program; Member OutRight Action International of non-profi t association Avvocatura per i Honorary Research Fellow, Australian Diritti LGBTI – Rete Lenford, which led Research Centre in Sex, Health & Society at important antidiscrimination lawsuits before LaTrobe University, Australia. Italian courts. This publication has been made possible by the following sponsors: Open For Business 01 About Open For Business Open For Business is a response to the growing Our Global Influencer Program harnesses the Open For Business is a coalition backlash against LGBT+ inclusion in many parts voice of high profile global business leaders, of the world. Our coalition partners share building a consensus in the international business of global companies making a deep-rooted commitment to diversity community around the economic case for LGBT+ the case that inclusive, diverse and inclusion in their own workplaces, and they inclusion, and raising awareness through top tier are concerned about the spread of anti-LGBT+ global press, social media and events. societies are better for policies in many countries in which they operate. Our task is to present the business rationale business and better for The economic and business case for LGBT+ for global LGBT+ inclusion. The moral case economic growth. The purpose inclusion is central to the mission of Open For has already been made, and now the economic Business. In 2015 the coalition published case continues to grow stronger: successful, of the coalition is to advance a report containing the most comprehensive enterprising businesses thrive in diverse, inclusive LGBT+ inclusion globally, by evidence base linking LGBT+ inclusion to better societies and the spread of anti-LGBT+ policies economic and business performance. This report runs counter to the interests of business and promoting a positive economic was pivotal to reframing LGBT+ rights as an economic development. and business case for equality economic issue, as well as a human rights issue. of opportunity for everyone, This is the second report of the Open For Business all across the world. coalition, and further strengthens the economic case. It is intended to fuel our Open For Business programs, which exist on two levels: Our Local Influencer Program works with senior business leaders in countries with anti-LGBT+ sentiments, creating advocates for positive change by giving them the evidence and the impetus to use their influence. Already, Open For Business has initiated C-Suite networks in nine countries, working closely with local LGBT+ groups. 02 Open For Business Executive summary The first Open For Business report synthesized The business and economic case for LGBT+ Open, inclusive and diverse a broad and fragmented evidence base into inclusion exists on three levels – economic a clear and comprehensive economic case. performance, business performance and societies are better for It pulled upon the many strands of work that individual performance – and the evidence business and better for have studied the subject from different angles, base is presented in the 27 Propositions, including economic growth and development, outlined opposite. economic growth. This report business performance and productivity, and This report also focuses on a compelling human resources and talent management. It presents the evidence base dimension of the economic case: cities. Cities helped to reframe the global debate on LGBT+ have become a top priority for policymakers and that supports this: it inclusion: as well as a moral imperative, it politicians around the world because of their presented a compelling economic case. demonstrates that businesses potential to drive economic growth. This report thrive in tolerant societies and In the two years since the first report was presents the evidence that open and diverse published, we have seen how the economic case cities are more competitive. LGBT+ inclusion sends that the spread of anti-LGBT+ for LGBT+ inclusion has the power to catalyze a a clear signal that a city has a tolerant, dynamic policies runs counter to the consensus in the global business community, as cultural life, and that it is a globally integrated well as fueling conversations on-the-ground in place to do business. interests of business and countries with anti-LGBT+ policies. This second economic development. report aims to build on this momentum. It updates and strengthens the economic case, and it represents the most comprehensive evidence base published to date on LGBT+ inclusion. Report structure Part 1: The Global Situation. The report Part 3: The Evidence Base. This is the most begins by describing the backlash against LGBT+ comprehensive presentation of evidence in inclusion that is taking place in many parts of the support of global LGBT+ inclusion, updated world, and shows how this is a concern for many based on a review of 166 new pieces of in the global business community. Companies evidence – research papers, reports, articles are working to curb discrimination and promote and presentations. The evidence is presented diversity in their workplaces, and this becomes as 27 propositions on three levels – economic difficult in countries that are hostile to LGBT+ performance, business performance and people. In the last couple of years, the actions individual performance. It includes compelling of many leading businesses show their strong new data connecting LGBT+ inclusion to greater support for LGBT+ inclusion, all over the world. national competitiveness and stronger company financial results. Part 2: Cities. This presents the economic case for LGBT+ inclusion in cities. Cities that are LGBT+ Part 4: Coalition Action. Together with coalition inclusive are better placed to develop their global partners, Open For Business has been working competitiveness: evidence shows they have to promote the economic case for global LGBT+ stronger “innovation ecosystems”, greater inclusion, and this section presents a summary concentrations of skills and talent, and better of activities: at a local level, working with senior quality of life. LGBT+ inclusive cities are more business leaders to equip them for conversations likely to become globally connected hubs for with policymakers; at a global level, strengthening high value businesses. This section introduces the consensus amongst the global business the Open For Business City Ratings, which assess community. This section also presents the position to what extent a city is “open for business”. and codes of conduct of all Open For Business coalition partners. The Open For Business City Ratings This report introduces the Open For Business City Ratings, which provide a consolidated view of how open for business a city is. It is a guide to which cities are open, progressive and competitive – and which are not. An open for business city is a globally connected, welcoming place for people from all types of backgrounds, including LGBT+ people. Open For Business 03 The evidence base A.
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