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To have an impact on diversity, count on culture

By Carol Geremia, President, MFS Investment Management

The world is pushing for social change, with calls to alleviate social injustice and racial inequality growing louder around the globe. Whether it's the Black Lives Matter movement following on the heels of the MeToo movement or the current global pandemic's heavier impact on some populations more than others, the need to level the playing field has never been greater. That won’t happen overnight, and it won’t start in one place. Rather, it’s a global commitment to eliminating social inequity, embracing diversity and being inclusive. Businesses have as much responsibility for diversity and inclusion as individuals. That’s why we’re seeing increased pressure on corporate boards to improve their diversity, and many more shareholder proposals that push for it. Diversity and inclusion are within our power to improve, if we own where we are and behave in a way to support them. We believe one of the best ways to do this is through culture.

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