The Economist Gives a Hat-Tip to HRC’s Corporate Equality Index
February 21, 2012 by Liz Cooper, Manager of Corporate Programs, Workplace Project
With a motto to "take part in a severe contest between intelligence, which presses forward, and an unworthy, timid ignorance obstructing our progress," it is no wonder that The Economist took notice of HRC’s recent work. Printed in five countries with a worldwide circulation nearing 1.5 million, this weekly international news and business publication aimed at global citizens in the know spoke with Deputy Director, Corporate Programs, Deena Fidas and highlighted the 2012 Corporate Equality Index in its article, “Of Companies and Closets: Being Gay-Friendly is Cheap and Good for Business.”
Pulled from the pages of the most recent CEI, The Economist notes upticks in LGBT inclusion in the corporate world – a world vastly different from what it was ten years ago when the first was released. The Economist points to the progress that the CEI has helped drive among industry giants – touting statistics such as the 86 percent of Fortune 500 firms that now ban discrimination on the basis of sexual orientation, up from 61 percent in 2002, and the 50 percent that also ban discrimination based on gender identity, compared with only 3 percent in 2002.
The article also gives a tip of the hat to the Best Places to Work for LGBT Equality – those employers that earned a 100 percent on this year’s CEI, even with more stringent criteria in place. For those tracking the influence of the CEI, the proof is in the pudding, as best practices for LGBT inclusion have been embraced across the board – not only by prestigious law firms and banks in New York City, but by the number one producer of aluminum in the US, Alcoa, and Motor City’s iconic Ford.
Gold standards for LGBT workplace equality are becoming the norm, and the world is noticing. This spring the HRC Foundation will release a groundbreaking corporate global initiative.
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