Open, inclusive and diverse societies are better for business and better for economic growth. This report presents the evidence base that supports this: it demonstrates that businesses thrive in tolerant societies and that the spread of anti-LGB&T policies runs counter to the interests of business and economic development.
The report draws upon the global perspectives of the companies supporting Open For Business, and they have contributed their experience and expertise on the business case for gay, lesbian, bisexual and transgender (LGB&T) inclusion. It also incorporates the perspectives of activists in countries that are on the front-line of LGB&T discrimination, to ensure it is grounded in local country realities.
There are many strands of work which have studied the subject from different angles, including economic growth and development, business performance and productivity, and human resources and talent management. This report brings these together for the first time. As a result, this report represents the most comprehensive evidence base yet published on this subject.
The report begins with an overview of the Global Situation: in many parts of the world, recent years have seen a growing a culture of respect for LGB&T individuals, and their ability to fully participate in society is protected by law. In other parts of the world, there is rising antagonism towards LGB&T people, who are suffering discrimination at the hands of politicians and lawmakers.
The report then looks at the economic opportunities associated with LGB&T inclusion, and the business risks of operating in territories that practice discrimination against LGB&T individuals. These opportunities and risks can be summarized as follows:
A. Economic performance
Stronger growth and higher levels of entrepreneurialism
B. Business performance
Superior performance, innovation and profitability.
C. Individual performance
Greater employee productivity and contribution.