During the Forum´s Annual Meeting 2019, a collection of the world´s leading multinational companies launched a global partnership to accelerate inclusion for lesbian, gay, bisexual, transgender and intersex (LGBTI) people –the Partnership for Global LGBTI Equality.
The initiative includes a global call for companies to act on the UN Standards of Conduct to tackle LGBTI discrimination in the workplace by 2020.
$100 billion annually. The estimated global cost of LGBTI discrimination.
What’s the challenge?
Discrimination against members of the LGBTI community continues to affect millions of people worldwide every day. Discrimination based on sexual orientation and gender identity not only violates universal basic human rights, it also adversely impacts the long-term economic prospects of individuals, businesses and countries.
A 2017 UNAIDS study estimated the global cost of LGBTI discrimination at $100 billion per year. When it comes to discrimination in the workplace – businesses have an important role to play in respecting and protecting human rights through fostering workplace inclusion for LGBTI people.
In collaboration with the World Economic Forum, global companies (including Accenture, Deutsche Bank, EY, Mastercard, Microsoft, Omnicom and Salesforce) launched a multistakeholder initiative to help businesses accelerate the inclusion of LGBTI people globally.
Specifically, the partnership aims to:
• Enlist 50-100 companies from World Economic Forum members and beyond to join the Partnership for LGBTI Inclusion to operationalize UN LGBTI Standards.
• Create a due-diligence framework for corporations to use in assessing the alignment of their policies with the Standards and to better understand the practical impact of their policies on LGBTI people.
• Develop a repository of LGBTI best practices and case studies from companies across multiple sectors, sharing insights and information on effective strategies, policies and processes for gathering the information needed to ensure LGBTI people are not being discriminated against when it comes to hiring, retaining and promoting.
• Encourage new cross-sectoral and multi-stakeholder collaborations.
How can you get involved?
Businesses worldwide are paving the way for greater equality for LGBTI people in the workplace. Follow the Partnership for Global LGBTI Equality and help us advance this agenda, protecting and promoting human rights in the workplace.
Make a difference on global issues that matter through the Forum’s multistakeholder platform – apply to become a member or partner and join us in our mission to improve the state of the world.