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Diversity, Equity and Inclusion Lighthouses 2023

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Von: McKinsey & Company
This article is a collaborative effort by Kweilin Ellingrud, Diana Ellsworth, Stephanie Madner, Raya Musallam, Ishaa Sandhu, and Lareina Yee, representing insights gathered by the Diversity, Equity, and Inclusion service line. The Diversity, Equity and Inclusion Lighthouses 2023 Report was written in partnership with the World Economic Forum’s Centre for the New Economy and Society.
2023 report shows success factors that contributed to significant, quantifiable, scalable, and sustainable DEI impact

Diversity, equity, and inclusion (DEI) is at an inflection point: companies and institutions have demonstrated positive intent and increased discussion and activity, but data shows that progress is slow. In 2020, the global market for DEI—that is, dollars spent by companies on DEI-related efforts such as employee resource groups (ERGs)—was estimated at $7.5 billion and is projected to more than double to $15.4 billion by 2026.1 Yet, as just one example, at the current rate it will take another 151 years to close the global economic gender gap at all levels.2

Greater clarity on what works—and what does not—can help leaders effectively create sustainable change.

Five success factors are common among DEI initiatives that had significant impact

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