Out Leadership
Climate Impact & Sustainability Data (2024-01 to 2024-06, October 2023)
Reporting Period: 2024-01 to 2024-06
Environmental Metrics
ESG Focus Areas
- LGBTQ+ equality
- Board Diversity
- Transgender Equality
- Marriage Equality
- Self-ID
- Corporate Social Responsibility
Social Achievements
- Published the annual State LGBTQ+ Business Climate Index, providing insights into LGBTQ+ equality across US states.
- Published 50 State CEO Briefs offering state-specific guidance on LGBTQ+ issues.
- Published Country CEO Briefs for various countries, providing insights into LGBTQ+ issues globally.
- Published LGBTQ+ Board Diversity Guidelines for Hong Kong, providing a blueprint for inclusive board policies.
- Published the second edition of The Business Leader’s Guide to Trans Equality in the US.
- Hosted various summits and events bringing together LGBTQ+ leaders and allies.
- Launched NEXUS LGBTQ+, a platform connecting LGBTQ+ ERG leaders.
- Published a white paper, “The LGBTQ+ Employee Lifecycle: What’s Missing?”
- Published 25 weekly editions of OutNEWS, reaching over 20,000 subscribers.
Governance Achievements
- OutQUORUM initiative promoted LGBTQ+ board leadership, resulting in increased inclusion of LGBTQ+ in board diversity metrics.
- Developed BoardFit program to prepare LGBTQ+ candidates for corporate boards.
Climate Goals & Targets
Environmental Challenges
- Decline in the political, social, and economic standing of LGBTQ+ Americans.
- Surge in anti-LGBTQ+ legislation across US states.
- Lack of LGBTQ+ representation on corporate boards globally.
- Gap in the use of artificial intelligence to address LGBTQ+ inclusion challenges.
Mitigation Strategies
- Advocacy efforts to protect and advance marriage equality.
- Publication of resources and guidelines to promote LGBTQ+ inclusion.
- Legal challenges to anti-LGBTQ+ laws.
- OutQUORUM initiative to increase LGBTQ+ representation on boards.
- Self-ID initiatives to improve data collection and understanding of the LGBTQ+ workforce.
- NEXUS platform to connect LGBTQ+ ERG leaders and share best practices.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: October 2023
Environmental Metrics
ESG Focus Areas
- LGBTQ+ inclusion
- Diversity, Equity, Inclusion, and Belonging (DEIB)
- Environmental, Social, and Governance (ESG)
Social Achievements
- Developed the Credit Suisse LGBTQ Equality Index and Portfolio
- Increased transparency on LGBTQ+ DEI reporting among companies
Governance Achievements
- Advocated for LGBTQ+ inclusive policies and reporting standards in ESG frameworks
Climate Goals & Targets
Environmental Challenges
- Lack of guidance from ESG standard setters for LGBTQ+ inclusive reporting
- Ambiguity on how to measure and report on DEI
- Underdeveloped industry standards and benchmarks for health and well-being metrics
Mitigation Strategies
- Developed a comprehensive set of reporting best practices for LGBTQ+ inclusive ESG reporting
- Provided a research-based framework (12 Competencies for Measuring Health & Well-being) to help organizations measure and track the impact of their investments in health and well-being
- Created the WELL Equity Rating to guide organizations in advancing DEI and reporting on progress
Supply Chain Management
Responsible Procurement
- Supplier diversity programs inclusive of LGBTQ+ owned businesses
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: SASB, GRI, World Economic Forum