Diverse companies are more profitable. For every 1% increase in diversity, a company can predict 3-9% increase in sales revenue, according to McKinsey.
​https://www.mckinsey.com/business-functions/people-and-organizational-performance/our-insights/why-diversity-matters​

Diverse companies are more creative. A recent study at the University of Michigan showed that groups of diverse problem solvers could outperform groups of high-ability problem solvers. https://odeo.hq.nasa.gov/documents/DiverseProblemSolvers_TAGGED.pdf​

Diverse companies are more innovative. A recent study by Harvard Business Review found that the most diverse companies were also the most innovative, showing 19% more innovation revenues, and allowing them to market a greater range of products to consumers. https://hbr.org/2018/01/how-and-where-diversity-drives-financial-performance​

Diverse companies are more attractive to top talent. A recent survey conducted by GlassDoor found that 76% of employees and job seekers report a diverse workforce is an important factor when evaluating companies and job offers. And, 32% of job seekers report they wouldn’t even apply to a company with a lack of diversity amongst its employees. https://www.glassdoor.com/employers/blog/diversity-inclusion-workplace-survey/​

Diversity is just as important for retention as it is for hiring. In a recent Deloitte study, 72% of senior executives said they would leave their company for one that valued diversity. https://www.cnbc.com/2017/07/26/75-percent-of-execs-would-leave-their-company-for-one-that-values-diversity.html​

Companies with women in leadership consistently outperform companies with less gender diversity. According to McKinsey, companies with executive levels comprised of over 30% women are 48% more likely to outperform companies with less gender diversity. https://www.mckinsey.com/featured-insights/diversity-and-inclusion/diversity-wins-how-inclusion-matters​

YET…
​
Less than 1% of all VC funding goes to Black-owned companies (despite Black-owned companies being among the fastest growing in the United States).
​https://www.jec.senate.gov/public/_cache/files/942c1751-1e0d-4773-b7cb-1b8666fb450b/blackbusinessbrief-final.pdf​

Only 5% of companies are run by women, and only 8% of Fortune 500 companies are run by women.
​https://fortune.com/2022/08/03/female-ceos-global-500-thyssenkrupp-martina-merz-cvs-karen-lynch/​

Black women continue to make 67 cents for every dollar paid to white, non-Hispanic men.
​https://nwlc.org/resource/black-womens-equal-pay-day-factsheet/#:~:text=Among%20full%2Dtime%2C%20year%2D,over%20a%2040%2Dyear%20career.​

Most senior leaders continue to be white. According to the US Census Bureau, over 75% of managers are white, 83% of senior managers are white, and 85% of executives are white. https://www.cnbc.com/2020/06/11/companies-are-making-bold-promises-about-greater-diversity-theres-a-long-way-to-go.html​