Representation matters. A workforce, C-suite, and boardroom that are inclusive of people with disabilities isn’t only the right thing to do, but it is good for business. The Accenture “Getting to Equal: The Disability Inclusion Advantage Report
,” found that companies that embraced best practices for employing and supporting people with disabilities achieved 28 percent higher revenue, double the net income and 30 percent higher economic profit margins over a four-year period.
If the SEC acts on these issues, and requires more transparency and disclosure of diversity data, including disability status, it will have a tremendous impact on the employment of people with disabilities and representation of people with disabilities in the boardroom and C-suite.
Requiring publicly traded companies to disclose this data will provide more transparency to investors, so they can make more informed decisions around the companies they invest in. Additionally, requiring companies to disclose more information on their supplier diversity spend will open more opportunities to disability-owned businesses.
Diversity disclosure metrics are materially important to investors and will further allow investors to meet their ESG goals, while simultaneously increasing representation of people with disabilities at all levels of publicly traded companies.