Could do better: beauty left behind in Refinitiv’s Diversity and Inclusion ranking

Could do better: beauty left behind in Refinitiv’s Diversity and Inclusion ranking

THE WHAT? Refinitiv has released its annual ranking of firms’ performance in Diversity & Inclusion. The industry with the highest D&I score is software and IT services; Kering, South Africa’s Woolworths and GlaxoSmithKline were the only beauty-related companies to secure a top 25 spot, ranked 9th, 12th and 21st respectively.

THE DETAILS The United States is leading the charge, in terms of geography, with 25 of the top 100 firms hailing from the North American country.

Procter & Gamble was placed 29th, with Estee Lauder Companies not far behind in 35th position and L’Oréal in 37th. Chasing the French beauty giant’s tails was Walgreens Boots Alliance in 38th place. Johnson & Johnson (48th), Target (54th) and Nordstrom (58th) all hovered in and around the middle of the pack, with Unilever (82nd) and Shiseido (100th) bringing up the rear.

THE WHY? It’s important for financial professionals to be able to measure D&I performance to inform their investment decisions; after all, happier employees make for better stock prices, according to a study carried out by MarketPsych and Refinitiv.

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