The business case for diversity and inclusion

Global research from McKinsey & Company, which has studied the business case for diversity since 2015, shows that:

• The link between executive team diversity and financial outperformance continues to strengthen.
• Companies in the top quartile for gender and ethnic diversity are significantly more likely to outperform financially.
• Diverse organisations drive greater innovation and problem-solving, leading to a competitive advantage.

In 2019, the MFAA published The Business Case for Diversity and Inclusion, providing research and insights on how a more inclusive industry benefits brokers, businesses, and consumers.
A more diverse broking industry:

• Reflects the diverse communities’ brokers serve.
• Strengthens customer relationships through cultural awareness and understanding.
• Expands the talent pool, bringing in a broader range of skills, experiences, and perspectives.
• Enhances decision-making and business resilience.

A growing number of organisations are leading the way in diversity, equity, and inclusion. Explore their initiatives:

• Diversity Council of Australia
• Australian Network on Disability
• Reconciliation Australia
• ACON – Pride Inclusion Programs

Explore our Diversity, Equity, and Inclusion learning resources to gain insights, develop inclusive leadership skills, and create a more diverse and welcoming industry.