Diversity in corporate Asia: a review of diversity and inclusion in 200 major companiesReport
We were asked by a major investment manager to assess the state of diversity and inclusion (D&I) among a group of 200 major companies, all listed in Asia and the Pacific.
There is no one way of doing D&I, especially in a region as culturally and economically diverse as this. As a result, there are no established benchmarks or frameworks that can be readily applied to assess performance. Noting this, we created our own template to understand and rank companies’ D&I performance.
Dr. Reddy's Laboratories, the Indian pharmaceutical company, came out top, closely followed by CSL (Australia) and Hang Seng Bank (Hong Kong). However, our findings indicate that the majority of companies in the research universe largely ignore – or at least show no signs of managing – D&I as a strategic business issue. This suggests that awareness and understanding of D&I as a driver of competitive advantage is limited to ‘an enlightened few’.
The report includes case studies and sets out a framework for companies interested in improving their D&I performance.
- Christian Toennesen
- Tristan Edmondson
Mirrors or Movers II: The Superpower of Media Report
With a powerful foreword by Christiana Figueres, this report is a progress update and a call to arms for media companies. Focusing on what we call the ‘brainprint’, the report is concerned with media’s superpower: the ability to shift hearts and minds, and the enormous social, political and environmental change this can create.
In the report, we explore how the sector’s management of its content impacts has moved on since the publication of Mirrors or Movers I in 2013. Media responsibility has often been creative and innovative, putting the sector’s talents to good use. But our research shows that rigour and measurement now also characterise media responsibility. This is timely, because society's expectations of what it means to be a 'responsible' media company have developed rapidly.
Based on our insights from convening the Responsible Media Forum for over 15 years, as well as interviews with experts within and beyond the sector, the report also outlines a framework for good practice in content impact measurement and six steps to impact.
The Gender Pay Gap: One Year On Report
In 2018 Carnstone analysed the first round of Gender Pay Gap reporting from the 350 largest listed UK companies. We have repeated and updated that analysis for 2019, again producing simple comparison tables for the FTSE 100 and FTSE 250, and again comparing companies on a sectoral basis.
Want to know who has the largest or smallest gap in your sector? This report collates the mean and median gaps, the mandatory quartile data and boils it all down into a simple single-figure rating.
Our 2018 report was widely used by HR and Governance teams wanting to know how they compared against peers. So this year, we have expanded the basic data with an analysis of the biggest movers; those companies reporting the largest rises or falls in their data, and their quoted reasons for the change.
Lastly, the report also contains some initial modelling work to try and link data to cause, by exploring some of the most common drivers of gender pay inequality and investigating the tell-tale signatures they might leave in company data.
TCFD Briefing Note Article
The Task Force on Climate-related Disclosures (TCFD) published recommendations for voluntary climate-related financial disclosures in 2017. These recommendations aim to make such disclosures consistent, comparable, reliable, clear, and efficient. Improved information would help investors, lenders, and insurance underwriters appropriately assess and price climate-related opportunities and risks.
The TCFD recommendations are gaining traction among investors as governments and companies grapple with the message of urgency from last year’s Intergovernmental Panel on Climate Change (IPCC)’s 1.5°C report. Investors are asking more questions about companies’ climate change governance, strategy, risk management, and metrics and targets. This short briefing paper will help you understand what the TCFD recommendations are, their benefits, and how you can prepare to respond to questions from investors and other stakeholders.