Committing to diversity isn't just the right thing to do. It can make business sense, according to Leah Stearns, CBRE's Chief Financial Officer.
On CBRE's "The Weekly Take" podcast, Stearns said that it is important for companies to identify and see how diversity can yield tangible benefits from a financial perspective. She cited a study from Boston Consulting Group that found that companies with more diverse management teams have 19% higher revenues due to innovation.
But that is just one example. Stearns points to studies that have been done by well-respected institutions that have proven that companies that invest in diversity recognize have higher revenues, margins and are more profitable. "So from a quantitative perspective, I can say that I believe strongly that investing in diversity pays off," she says. "It's something that brings innovation to the table."
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
