Inclusivity reporting is the key to business success in the UAE

Share via:

As stakeholder capitalism gains momentum, companies are increasingly recognizing the significance of integrating environmental, social, and governance (ESG) considerations into their business decisions and operations. One critical aspect of ESG reporting is the disclosure of human capital information, particularly with regards to diversity and inclusion (D&I).

Research has consistently shown that diverse and inclusive workplaces offer a competitive advantage, fostering enhanced productivity, innovation, and risk mitigation in areas such as turnover, legal compliance, and reputation management. Recognizing these benefits, more organizations are prioritizing D&I as a crucial component of their overall business strategy.

The UAE’s leadership is also cognizant of the importance of a diverse and inclusive workforce for the country’s long-term economic and social development. As a result, the UAE has introduced various policies and initiatives aimed at leading the region in this regard. D&I has now become a reporting issue, and chartered accountants play a key role in ensuring that stakeholder expectations within and outside their organizations are met.

While diversity and inclusion are distinct concepts, they are closely intertwined. Diversity encompasses the range of differences among individuals, such as race, ethnicity, gender, age, and disability status, among others. By bringing together people with diverse perspectives, experiences, and skills, organizations can foster greater creativity, innovation, and productivity.

Inclusion, on the other hand, pertains to the practices and behaviors that ensure all employees feel valued, respected, and empowered to contribute to the organization. An inclusive workplace creates an environment where individuals feel a sense of belonging, can be their authentic selves, and receive support for their personal and professional growth. While an organization may have a diverse workforce, the full benefits of diversity can only be realized when an inclusive environment is established, one that genuinely values and respects all employees.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Inclusivity reporting is the key to business success in the UAE

As stakeholder capitalism gains momentum, companies are increasingly recognizing the significance of integrating environmental, social, and governance (ESG) considerations into their business decisions and operations. One critical aspect of ESG reporting is the disclosure of human capital information, particularly with regards to diversity and inclusion (D&I).

Research has consistently shown that diverse and inclusive workplaces offer a competitive advantage, fostering enhanced productivity, innovation, and risk mitigation in areas such as turnover, legal compliance, and reputation management. Recognizing these benefits, more organizations are prioritizing D&I as a crucial component of their overall business strategy.

The UAE’s leadership is also cognizant of the importance of a diverse and inclusive workforce for the country’s long-term economic and social development. As a result, the UAE has introduced various policies and initiatives aimed at leading the region in this regard. D&I has now become a reporting issue, and chartered accountants play a key role in ensuring that stakeholder expectations within and outside their organizations are met.

While diversity and inclusion are distinct concepts, they are closely intertwined. Diversity encompasses the range of differences among individuals, such as race, ethnicity, gender, age, and disability status, among others. By bringing together people with diverse perspectives, experiences, and skills, organizations can foster greater creativity, innovation, and productivity.

Inclusion, on the other hand, pertains to the practices and behaviors that ensure all employees feel valued, respected, and empowered to contribute to the organization. An inclusive workplace creates an environment where individuals feel a sense of belonging, can be their authentic selves, and receive support for their personal and professional growth. While an organization may have a diverse workforce, the full benefits of diversity can only be realized when an inclusive environment is established, one that genuinely values and respects all employees.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

High net-worth mortgage broker hires head of Scotland

Global firm cites growing demand for high-value mortgage...

Apple shelved the idea of integrating Meta’s AI models...

Days after the Wall Street Journal reported that...

The Laundry House: Redefining Premium Fabric Care And Cleaning...

Incorporated in 2015, The Laundry House has swiftly established...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!