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The HSBC building in Hong Kong is lit up in rainbow colours

The HSBC building in Hong Kong is lit up in rainbow colours this month to celebrate Out on the Street

Embracing diversity is good for business, according to Stuart Gulliver, HSBC Group Chief Executive, who spoke at the Out on the Street Asia Summit 2014 in Hong Kong. He said: “You want the best people for the jobs you need to fill, regardless of race, religion, gender or sexual preference: why limit access to talent because of prejudice? It makes no sense.”

You want the best people for the jobs you need to fill regardless of race, religion, gender or sexual preference

Stuart Gulliver,
HSBC Group Chief Executive

The event focuses on equality for lesbian, gay, bisexual and trans people in relation to financial services.

While welcoming the “progress” HSBC had made in recent years, Mr Gulliver said that more needed to be done to create a supportive environment, in particular for transgender colleagues. “Getting the little things right can make a big difference in creating an inclusive and authentic culture for people to excel in their work.”

Earlier this year, HSBC lit up buildings and decorated branches in Brazil, Canada, Hong Kong, the Philippines, the UK and the US to celebrate lesbian, gay, bisexual and trans pride.

Read Stuart Gulliver’s full speech.