Ch4

SECTION 4: ENVIRONMENTAL SUSTAINABILITY AND DIVERSITY, EQUITY AND INCLUSION | 26 Room for improvement in DE&I Survey results: diversity, equity, and inclusion % % 4 6 % 7 All None 75-99% Diversity and inclusion: 4.22 out of 5: the average % Percentage rating respondents gave 21 of women in 32% for their commitment to 50-75% leadership 1-25% fostering diversity and teams inclusion in the workplace Similar to our 昀椀ndings on environmental sustainability, the survey results show that respondents acknowledge 30% he importance of fostering DE&I at work. But there is also 25-50% room for improvement. For example, when asked what percentage of women make up their leadership team, a signi昀椀cant portion of respondents answered only 1–25%. In the broader Australian business context, there has been some improvement. According to Kantar’s Inclusion Index 2022, Australia has made some progress in DE&I initiatives since 46. However, analysts point out that this rise was 2019, increasing its ranking score by 7% primarily due to changes in gender representation and that the country did poorly in other 47 aspects of DE&I, such as disability representation . Likewise, research by the Australian HR Institute on the state of DE&I in Australian organisations found that “DEI activity in Australian workplaces focuses largely on gender and to a lesser extent Aboriginal and Torres Strait Islander peoples. Less effort is directed towards other underrepresented groups; for example, people living with disability, people who are LGBTQIA+ and those from a lower socio-economic background.”48 46 Inclusion Index 2022, 2022, Kantar 47 Australia improves DEI scores but APAC lagging in overall representation, 2022, The Drum 48 The State of Diversity, Equity and Inclusion in Australian Workplaces, 2023, Australian HR Institute 49 Keeping Us Up At Night - The Big Issues Facing Business Leaders in 2023, 2023, KPMG