Highlights

  • Firms publicly mentioning LGBTQ+ issues and policies during ESG filings are on the rise, with 58% of mentions coming from the Financial, Industrial and Consumer Discretionary industries, for filings collected Jan. 1, 2020, to June 20, 2023.
  • Only 24% of nearly 10,000 global companies with sustainability filings from Jan. 1, 2020, to June 15, 2023, mentioned LGBTQ+ and related terms in at least one of their filings, according to data by S&P Global Market Intelligence. The US (53%), Brazil (51%) and Ireland (45%) had the highest LGBTQ+ mention rates [See The Take, Figure 1].
  • Feedback from a May 2023 internal survey of S&P Global’s Pride LGBTQ+ & Friends People Resource Group (PRG) members indicates a 300% (or 17 percentage points) annual increase in respondents — from six out of 104 to 32 out of 140 — unsure about why firms should collect data about LGBTQ+ employees, indicating potential privacy concerns.
  • Data collection and mentions aren’t enough: firms mentioning LGBTQ+ issues publicly should also look within their organization to ensure they are applying benefits availability, hiring practices, and leadership development opportunities within their organizations.

Table of Content