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Diversity and inclusion have been topics on the business agenda for quite some time, but how many NZ companies have really put it at the heart of their operations?

Kordia Group chief executive, Scott Bartlett, recently wrote about his views on diversity in the NZ Herald. His stance is that, whilst NZ has made some good progress in terms of inclusivity, we have a way to go, with prejudice still having the effect of slowing the progress of women, the LGBT+ community and people of minority races.

NZ business missing out when it comes to diversity

Scott’s actually an old mate of mine – we used to flat together. He’s a great guy, and as an openly gay CEO, Scott definitely has skin in this argument. His article makes some really valid points about the need for NZ business to move with the times.

After all, creating a more inclusive environment isn’t just the right thing to do, it’s also been found to improve profitability. For example, a McKinsey study shows that companies in the top quartile for racial and ethnic diversity are 35% more likely to have financial returns above their respective national industry medians, with a 15% improvement on the same basis for companies in the top quartile for gender diversity. It makes perfect sense to us that having a business and staff that reflects the wider community means more diversity of thought when it comes to making business decisions.

At Bonded NZ, as insurance broker specialists we support businesses and leaders from all walks of life to manage risk. We’re passionate about helping businesses succeed, so contact us today to see how we can help with your insurance needs.