Having a diverse workforce makes good business sense, says Stuart Gulliver, HSBC Group Chief Executive. In a keynote address to the Women’s Foundation in Hong Kong, Mr Gulliver said diversity can help companies achieve a competitive advantage.
Mr Gulliver said: “For HSBC to thrive, we have to be a place where everyone can achieve their potential. If we can do this better than our competitors, we will be more successful than our competitors.”
HSBC Group Chief Executive
The Women’s Foundation is a non-profit making organisation dedicated to improving the lives of women and girls in Hong Kong. More than 500 guests attended the Foundation’s annual dinner on 7 November 2013, raising HKD3 million (USD387,000) for research, community programmes, education and advocacy.
HSBC’s programmes to support workplace diversity have won recognition in the UK, the US and Hong Kong. With four women on its board, HSBC Holdings plc ranks in the top quarter of FTSE 100 firms for female board representation. But Mr Gulliver said that after many years of gradual change, it was now “time to shift gear and accelerate”.
The real opportunity is to change the Bank’s corporate culture. “To take the next steps forward we have to think more fundamentally about the workplace. Not just opening the door to invite more people into the building – but asking them to help us redesign the building,” Mr Gulliver said.
HSBC recently made visible its commitment to diversity by projecting a rainbow light show onto its Hong Kong offices, celebrating the contribution of LGBT people to the finance industry.
Read the full speech