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Richard Baxter and Constance Tait examine a report suggesting that firms with targeted support for ethnic minority workers see benefits

  • July 07, 2021
  • By Richard Baxter, Partner and Constance Tait, Trainee Solicitor

Report suggests that firms with targeted support for ethnic minority workers see higher revenues and other benefits

Further to Hunters’ recent silver award in the Diversity/Gender Programme of the Year category at the 2021 Citywealth Magic Circle Awards, a recent report from Henley Business School has drawn conclusions of interest to us.

The report concludes that firms with targeted support for ethnic minorities have higher revenues and see other environmental, social, and governance (‘ESG’) benefits. Fostering an inclusive culture can help companies improve sustainability and innovation, as well as employee wellbeing and engagement, comments Dr Naeema Pasher, the report’s lead researcher, in the introduction to the report.

The study analysed the earnings of 100 FTSE 350 firms and concludes that businesses which provide targeted support for ethnic minority groups generate on average 58 per cent more revenue than those that do not. The report also highlights that market capitalisation was higher on average in those firms with targeted measures.

For specific advice on any commercial or corporate issues, please contact Richard Baxter on 020 7412 0050 or richard.baxter@hunterslaw.com.

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