Global Businesses Join Hands with WEF for Accelerating Workplace Inclusion of LGBTI Community
WEF gave a global call for companies to operationalise the UN standards of conduct to tackle the lesbian, gay, bisexual, transgender, and intersex (LGBTI) discrimination at workplace by 2020.
A News18 Creative.
Davos: Global businesses led by giants like Microsoft and Mastercard have collaborated with the World Economic Forum to launch a platform to accelerate workplace inclusion of LGBTI community worldwide.
Announcing the platform here at its annual meeting, the WEF said the initiative is supported by the Office of the United Nations High Commissioner for Human Rights.
It also gave a global call for companies to operationalise the UN standards of conduct to tackle the lesbian, gay, bisexual, transgender, and intersex (LGBTI) discrimination at workplace by 2020.
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, the WEF said.
A 2017 UNAIDS study estimated the global cost of LGBTI discrimination at $100 billion per year.
Businesses have an important role to play in respecting and protecting human rights through fostering workplace inclusion for LGBTI people, the WEF said.
The consortium who have joined the initiative include leading multinational companies such as Accenture, Deutsche Bank, EY, Mastercard, Microsoft, Omnicom and Salesforce.
To help business leaders realise LGBTI equality and inclusion for their global workforces, the Partnership for Global LGBTI Equality, will operationalise the United Nations LGBTI Standards.
...By 2020, the project will enlist 50-100 companies from World Economic Forum members and beyond to join the Partnership for Global LGBTI Equality to implement UN LGBTI Standards.
It will also 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.
The project will also 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 employees.
Open, inclusive and diverse societies are also more innovative, which in turn leads to greater economic growth and this project aims to provide a platform for leaders from the private sector to accelerate process towards LGBTI inclusion globally, said Saadia Zahidi, Member of the Managing Board and Head of the WEF's Centre for the New Economy and Society.
Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.
Recommended For You
- Aditya Narayan Will Get Married This Year But Not to Neha Kakkar
- Amitabh and Jaya Bachchan Get Emotional Seeing Daughter Shweta Organise Her Fashion Show
- Arti Singh Wishes Happy Birthday to Her 'Jigar Ka Tukda' Karan Singh Grover on Instagram
- Poco X2 Will Get The Android 11 Update; You Have Something to Look Forward to
- The Samsung Galaxy A71 is Now on Sale For Rs 29,999; Prism Crush Blue Looks Quite Cool