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Top companies leading LGBTQ+ equality: Insights from the 2023-24 corporate equality index

Latest LGBTQ+ equality index

The Corporate Equality Index, a flagship report from the Human Rights Campaign (HRC) Foundation, analyzes workplaces for LGBTQ equality. This report is critical in identifying LGBTQ-friendly investment options. In the 2023-24 Index, 545 businesses achieved a maximum score of 100 points, earning the prestigious “Equality 100 Award.”

A celebration of the commitment to perfection

Kelly Robinson, president of the Human Rights Campaign Foundation, emphasized the importance of this development. This report isn’t just about numbers and scores, it’s a way to ensure equality for LGBTQ+ individuals in the workplace. From modest beginnings in 2002, with only 13 companies achieving perfect scores, the index has now grown to recognize more than 500 companies.

Recognizable Names in the Equality 100

Among the prominent companies earning top scores are Amazon, Microsoft, Meta Platforms, Walt Disney Co., and Morgan Stanley. These companies reflect a robust commitment to LGBTQ+ equality across their operations.

The top five:

Bayer U.S. LLC: This healthcare and agricultural conglomerate offers equal benefits, business resource groups (BRGs), and educational workshops. Their BLEND group focuses on supporting the LGBTQ+ community and allies, with increased recruitment efforts through organizations like Out and Equal.

Boston Consulting Group (BCG): BCG champions diversity, equity, and inclusion (DEI) as both moral imperatives and business necessities. Their initiative, Pride@BCG, founded in 1998, provides LGBTQ+ employees and allies with community and support, contributing significantly to BCG’s inclusive culture.

GE Appliances: GE Appliances focuses on creating an inclusive workplace culture, offering benefits to same and opposite-sex domestic partners, and expanding paid leave for all parents. Their HR system now includes Self-ID options for sexual orientation and gender identity.

J.P. Morgan Chase & Co.: This financial giant has long supported LGBTQ+ equality, establishing its first PRIDE business resource group in 1996. Recently, they reinforced their commitment by creating the Office of LGBTQ+ Affairs to advance their global LGBTQ+ agenda.

SAP America Inc.: SAP, a leading software firm, launched Pride@SAP in 2001, a network that has grown to over 7,500 members across 45 chapters. The group promotes LGBTQIA+ inclusion and support throughout the company.

The Road Ahead

These companies exemplify leadership in LGBTQ+ equality, demonstrating that diversity and inclusion (D&I) are integral to business success. As Asha Hope, Vice President of Diversity, Equity, and Inclusion at Bayer, stated, while much progress has been made, there remains work to achieve full equality in the workplace. Rajthilak Rajasekar of BCG echoed similar sentiments, highlighting how an inclusive culture was a decisive factor in joining the firm. Kevin Nolan, President and CEO of GE Appliances, emphasized the importance of inclusive company culture, while Brad Baumoel of J.P. Morgan Chase expressed excitement about their dedicated focus on a global strategy to support the LGBTQ+ community.

As the journey towards full equality continues, these companies set a benchmark for others to follow, ensuring that every LGBTQ+ individual has a fair chance to thrive in the workplace.

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