For the Best of British Businesses, diversity takes centre stage

diversity, Business, Business Reporter, Reporter

(Getty Images/iStockphoto)

Business Reporter: For the Best of British Businesses, diversity takes centre stage

What is best practice when it comes to businesses? Competitiveness? Flexibility? We all have our own thoughts and opinions about what the answer is, but what if we told you that there is one area that could encompass so many of these individual best practice traits?

As part of Business Reporter’s Best of British Business campaign, our CEO Michael Barrington-Hibbert was invited to interview representatives from three businesses that represented – as you might guess – the very best of British: Alderman Vincent Keaveny from the City Of London Corporation, Pension Bee Founder and CEO Romi Savova, and Kick it Out Chair Sanjay Bhandari.

Business Reporter: How diversity helps improve product offerings

On paper, you would be hard-pressed to find three individuals from more distinct backgrounds. However, each of them agreed on one thing. From keeping the City competitive, to supporting people to grow their pensions, to addressing the lack of ethnic minority representation in all areas of football, diversity is good for business, and one of the most positive and powerful tools we have at our disposal. Without it, businesses will in whatever shape or form, miss out.

This is far from a new idea or revolutionary concept. In fact, it is something that many of us have been shouting about for quite some time. However, after years of uncertainty, it does feel like people from various sectors and job functions are finally starting to open their minds to to the power of being more inclusive.

Business Reporter: Kick It Out CEO discusses how improving diversity helps society

As many of us ponder on what, if anything, we have learned in the year since the killing of George Floyd and the protests that shook the world, we have a real opportunity to give ourselves a positive answer. From a social, ethical and commercial point, putting inclusion at the heart of our workplaces and communities will yield serious dividends, and it is a stance we all must take.

Diversity is good for business – embrace it or prepare to miss out.

Originally published on Business Reporter

News Related

OTHER NEWS

Piper Sandler downgrades Big Lots, says end of fiscal stimulus will be a big hit to retailer

A customer exits a Big Lots store in Clifton, New Jersey.Emile Wamsteker | Bloomberg | Getty Images Shifts in the economy over the next year could mean that the recent ... Read more »

Indian metal firms to gain further as firm prices expected despite dip from record levels

Indian metal producers continue to gain from high metal prices as they remain much higher than a year ago even though they have come down from the record levels they ... Read more »

Energy supplier Green lines up insolvency advisers amid industry crisis

The company, which has approximately 250,000 customers and close to 200 staff, is working with Alvarez & Marsal as it faces going into administration, Sky News learns. Read more »

Energy emergency, electric taxis and Britain's newest bank

Listen to “Energy emergency, electric taxis and Britain's newest bank”. With the business secretary telling Sky News the government could make emergency loans to suppliers suffering from rising energy prices, ... Read more »

Interview | IndoStar Capital bets big on commercial vehicle finance, charts out five-year plan

Private equity backed non-bank lender, IndoStar Capital, is trimming down its corporate book and focusing on building a granular retail book. In a conversation with Moneycontrol, R Sridhar, Executive Vice-Chairman ... Read more »

RBI imposes monetary penalty on Porbandar Commercial Co-operative Bank

The Reserve Bank of India on September 21 imposed a monetary penalty of Rs 1 lakh on Gujarat-based Porbandar Commercial Co-operative Bank Ltd over contravention of directions issued by the RBI ... Read more »

Crude oil prices up on supply concerns, higher demand; WTI trades above $70/bbl

Crude oil prices traded firm on US supply tightness, feeble dollar and rising COVID-19 vaccination across the globe. The oil price was aided by a rebound in the Chinese’s economy, ... Read more »

Russian economy recovered despite unstable global situation — Putin

The head of state noted that the most important task of the new line-up of the parliament will be the adoption of the federal budget for the next three years Read more »

Bank of Thailand says increased public debt ceiling to help economy

FILE PHOTO: Bank of Thailand Deputy Governor Mathee Supapongse in 2015 (Photo supplied) Thailand's increased public debt ceiling will give flexibility in policy implementation to cope with the coronavirus and ... Read more »

Energy Crisis: PM 'not worried' about energy shortages

Boris Johnon said that he is "very confident" in the UK's supply chains to keep energy supplies going. Read more »

Boris Johnson says energy crisis is a 'short-term problem' and dismisses risk of Christmas disruption

The prime minister has described Britain’s energy crisis as a “short-term problem” and said he does not think there will be disruption to food supplies at Christmas. Speaking to Sky ... Read more »

Boost for shoppers as major carbon dioxide supplier to restart production after government talks

The government has reached agreement with CF Industries to restart carbon dioxide production at its UK sites following talks between the company and Business Secretary Kwasi Kwarteng. The US firm ... Read more »

Food safety regulator FSSAI introduces new logo for ‘vegan' products

Photo credit: ANI The Food Safety and Standards Authority (FSSAI) of India on September 21 introduced a new logo to identify vegan products in the country on Tuesday. The new ... Read more »

Amazon's spending 20% of its revenue on lawyers is questionable, should be investigated: CAIT

Representative image. The Confederation of All India Traders (CAIT) has reiterated its demand for a CBI probe into the practices of US-based e-commerce firm Amazon after a report claimed that ... Read more »

Gold prices edged higher after 3 days of fall; silver up Rs 486 a kg

Gold prices rose by 231 to Rs 46,513 per 10 gram in the Mumbai retail market after three days of straight fall on a softer dollar and safe-haven appeal. The ... Read more »

Indiabulls Housing Finance raises Rs 808 crore via NCDs

Indiabulls Housing Finance on Tuesday said it has raised Rs 807.83 crore through issuance of non-convertible debentures (NCDs). This was the tranche-1 NCD issue of the housing finance company with ... Read more »

Russia has fully overcome economic decline caused by pandemic — Putin

The Russian leader noted that industrial growth in January-July was 4.4% Read more »

LifeCell International secures Rs 255 crore funding from OrbiMed Asia and existing founders

Leading stem cell bank and reproductive genetic testing services provider LifeCell International on Tuesday said it has secured Rs 255 crore capital from healthcare investment firm OrbiMed and existing founders ... Read more »

‘Development of purchasing power is downright disappointing'

For many workers it is increasingly difficult to make ends meet due to lagging incomes, higher taxes and rising expenses, says the trade union VCP in a first reaction. “The ... Read more »

Energy crisis: The blame game has begun - but are some of the claims just hot air?

Sky's Ed Conway takes a look at where fingers of blame are pointing and says the energy crunch will likely force the country to consider bold choices and significant investment to avoid a repeat. Read more »

RIL, Mahindra, Wipro among over 100 firms committed to reporting stakeholder capitalism metrics: World Economic Forum

WEF_World economic forum More than 100 business houses globally, including Reliance Industries, Mahindra Group and Wipro from India, have committed to including Stakeholder Capitalism Metrics in their annual or sustainability ... Read more »

Yulu ties up with Adani Electricity to facilitate 24x7 battery charging access across Mumbai

E-mobility service provider Yulu has partnered with Adani Electricity Mumbai Limited (Adani Electricity) to provide day-long battery charging access across the financial capital, the company said in a statement. Under ... Read more »

Analysis | Evergrande and its likely positive implications for India

A basic law of physics is that the higher an object is propelled into the atmosphere, the faster it returns to the ground – unless there is enough velocity to ... Read more »

Unocoin announces FASTag payment services for cryptocurrency users

Unocoin | PC-Shutterstock Bengaluru-based technology startup and India’s first entrant into the bitcoin industry, Unocoin, on September 21 announced the launch of a new app feature that supports users with ... Read more »

COVID-19 didn't hit Railways business hard, more orders expected: Texmaco Rail deputy MD Ashish Gupta

Ashish Gupta. India’s market for rolling stock, or railway wagons, coaches and locomotives, has completely recovered from the impact of COVID-19, and the sector is now looking at even more ... Read more »

Approaching festivals fail to end pandemic blues for Maharashtra shopping malls

Malls are hopeful that the crowds would start flocking to the malls as more people get vaccinated towards the end of September after completing the mandatory 84-day gap between two ... Read more »

This festive season, more brands enlist influencers, to spend Rs 600 crore

Social media star Nagma Mirajkar, who has 5.5 million followers on Instagram and over one million subscribers on YouTube, is busy this festive season. More companies are making a beeline ... Read more »

Development of fuel efficient cars to remain critical in sales strategy: Maruti Suzuki

Representative Image Maruti Suzuki India will keep developing and launching cars with great fuel efficiency as it remains a critical factor for customers while making a purchase decision, a senior ... Read more »

Judge rules that Helpling cleaners are not self-employed

The court of Amsterdam decided on Tuesday that cleaners who look for and accept jobs via the Helpling platform are not independent entrepreneurs, but temporary workers. As an employer, Helpling ... Read more »

Economic Development Ministry raises Russia's forecast for oil and gas output in 2021

Next year Russia is expected to produce 559.9 mln tonnes of oil, which is 1.4% higher than the current estimate Read more »

Taking Stock: Market bounces back, Nifty above 17,500; 3 factors that powered the rally

Indian benchmark indices made a smart comeback on September 21 after two days of selling, supported by positive trends in global markets. At close, the Sensex was up 514.34 points, ... Read more »

Chalet Hotels joins Climate Group's initiatives linked to renewable energy, electric mobility

Chalet Hotels Limited (CHL) on September 21 said that it has become the first hospitality company globally to join Climate Group’s initiatives linked to renewable electricity, energy efficiency and electric ... Read more »

Court: Helpling cleaners are temporary workers

Cleaners who work via the online platform Helpling are temporary workers. The Amsterdam Court of Appeal has decided this on appeal today. This means, among other things, that the cleaners ... Read more »

Explainer | The Evergrande crisis and how it can spiral into a global financial crunch

China’s property companies are big drivers of its economy – contributing nearly 30 percent as per estimates by the National Bureau of Economic Research working paper. (Image: Reuters) Once a ... Read more »

CO2 shortage: Poultry, pork and bakery products could disappear from supermarkets 'within days', industry chief warns

Surging energy costs have resulted in the suspension of operations at fertiliser plants - which produce CO2 as a by-product - having a knock-on effect on the food industry. Read more »

IPO-bound Paytm employees add 5.45 lakh more shares for monetisation

Digital payments and financial firm Paytm has received over 5.45 lakh shares from around 20 more employees for monetisation in its upcoming IPO. As per a regulatory filing by One97 ... Read more »

Rupee recovers 13 paise to close at 73.61 against US dollar

Representative image The rupee on Tuesday rebounded by 13 paise to close at 73.61 (provisional) against the US dollar following a firm trend in domestic equities and losses in the ... Read more »

PayNearby cash collection crosses Rs 350 crores in monthly GTV

(Representative image) Digital payments firm PayNearby on September 21 said its enterprise offering that facilitates cash collection as a service crossed Rs 350 crore worth of transactions in monthly Gross ... Read more »

Trend Micro launches its first Cloud One data centre in India

Trend Micro Cloud One. Global cybersecurity leader Trend Micro Incorporated on September 21 announced the launch of its Cloud One regional data centre in India to uphold data sovereignty and ... Read more »

Skoda Auto to replace fuel pumps in SUV Kushaq

Skoda Auto is going to replace fuel pumps in the earliest batch of the Kushaq SUV after several consumers raised complaints about the vehicle’s performance. Skoda has not announced any ... Read more »