Community Business, a not-for-profit organization focusing on corporate responsibility and a thought leader on Diversity & Inclusion, Friday revealed the results of its inaugural Hong Kong LGBT Workplace Inclusion Index.
The Top 10 Employers in Hong Kong for LGBT Inclusion 2015 and winners of various LGBT Awards were announced at an Awards Ceremony which took place at the Regal Hong Kong Hotel, in commemoration of the International Day Against Homophobia and Transphobia (IDAHOT).
The Hong Kong LGBT Workplace Inclusion Index 2015 is the first and only benchmark on workplace inclusion practices and initiatives for lesbian, gay, bisexual and transgender (LGBT) employees in Asia. Launched by Community Business, it is a pioneering initiative that provides companies in Hong Kong with a credible and robust tool to assess, progress and promote their efforts towards LGBT inclusion.
“Congratulations to Community Business on the first Hong Kong LGBT Workplace Inclusion Index. The Equal Opportunities Commission (EOC) is delighted to support this initiative to advance equal opportunities for the lesbian, gay, bisexual and transgender community in our city,” said Dr. York Chow, Chairperson of the Equal Opportunities Commission. “Indeed, LGBT workplace inclusion should be a key business concern for all companies aspiring to be employers of choice, and this index provides an important tool for benchmarking and measuring progress. Such innovative actions can play a key role towards fostering a truly inclusive society.”
Top 10 Employers in Hong Kong for LGBT Inclusion 2015
Goldman Sachs received the Top Employer for LGBT Inclusion Award, ranking number one in terms of its performance in the Index. The organizations ranked as the Top 10 Employers in Hong Kong for LGBT Inclusion 2015 were:
- Goldman Sachs
- The Hongkong and Shanghai Banking Corporation
- P. Morgan
- Morgan Stanley
- Bank of America Merrill Lynch
- Standard Chartered Bank (Hong Kong) Limited
- Barclays Capital Asia Limited
- Nomura International (Hong Kong) Limited
- Australia and New Zealand Banking Group Limited
- British Consulate-General Hong Kong
- British Council Hong Kong
To recognize the significant contribution made by community organizations, companies and individuals in promoting LGBT inclusion in Hong Kong, Community Business also announced the winners of various LGBT awards, including: LGBT Community Impact Award (Project Touch by Boys’ & Girls’ Clubs Association of Hong Kong sponsored by Goldman Sachs), LGBT Network Award (J.P. Morgan PRIDE Hong Kong Chapter), LGBT Inclusion Champion (Laurence Bailey), LGBT Executive Sponsor (Managing Director, Asia Pacific, J.P. Morgan, Stephen Golden), and the LGBT Trailblazer Award (Head – Global Leadership & Diversity, Asia Ex-Japan, Goldman Sachs).
“We extend our congratulations to the organizations that have made it on to our Top 10 Employers in Hong Kong for LGBT Inclusion 2015 as well as the winners of our various LGBT awards. In particular, we applaud Goldman Sachs for its outstanding performance and position as the number one ranking company,” said CEO of Community Business, Fern Ngai. “However, we also want to congratulate and acknowledge all the companies that took part in this Index – their decision to participate is a significant and critical first step. Regardless of performance, all these companies have shown they are committed to creating inclusive workplaces for LGBT employees in Hong Kong and we urge them to use the learning and insights gained through this process to focus their efforts and drive continued progress.”
The LGBT Trailblazer Award is a one-off award to recognize an individual who has pioneered the way for LGBT inclusion in Hong Kong, and inspired and supported others to follow.
Ngai said, “Community Business is delighted to present this special award to Stephen Golden of Goldman Sachs who has shown personal passion and commitment to LGBT inclusion in Hong Kong from the beginning. Stephen has not only played a key role in driving our work on LGBT inclusion, but has advised and mentored many companies, NGOs and individuals.”
Bronze, Silver and Gold Standards
In addition to the ranking of the Top 10 Employers, Community Business assigned Bronze, Silver and Gold Standards. These standards acknowledge the level of performance in the overall Index whilst protecting the anonymity of individual company scores. The following organizations, listed in alphabetical order, achieved a Bronze, Silver or Gold Standard in Community Business’ inaugural Hong Kong LGBT Workplace Inclusion Index. Please note, not all companies were willing to be publicly acknowledged, so this may not represent the complete list.
Freshfields Bruckhaus Deringer
Ove Arup & Partners
Wells Fargo Bank
Commonwealth Bank of Australia
Latham & Watkins
Dawn Hough, Director of Pride in Diversity, said, “We are delighted to be announcing the results of our Australian Workplace Equality index on the same day as Community Business announces theirs. We would like to congratulate all organizations that placed in either of these indices in addition to those who participated. The index is a valuable mechanism for organizations to gauge, monitor and drive internal inclusion initiatives. Leadership shown by those organizations participating is a testament to their commitment to Diversity and Inclusion.”
“We would particularly like to congratulate those organizations who ranked within both indices or who received their recognition: Goldman Sachs, HSBC, ANZ and Commonwealth Bank. We commend and congratulate Community Business for introducing this important measure of LGBTI inclusivity. We very much look forward to strengthening our relationship with Community Business moving forward,” continued Hough.
Key Findings from the study are located here: Hong Kong LGBT Workplace Inclusion Index.
Community Business has published a Hong Kong LGBT Workplace Inclusion Index 2015 Report, which presents the consolidated findings of all the participating companies in the Index. It looks at average performance in each category of the Index and highlights where companies are performing well and where there is room for improvement as well as references examples of best practice. As such, it provides a valuable benchmarking tool for companies looking to make progress on LGBT workplace inclusion. The report is available for purchase and download on the Community Business website from Friday, May 29, 2015. For details about the Hong Kong LGBT Workplace Inclusion Index, please visit: communitybusiness.org/hklgbtindex.