LGBT

BP's Former CEO Explains Why LGBT Equality Makes Good Business Sense

BP's Former CEO Explains Why LGBT Equality Makes Good Business Sense

On 2 June 2013, I wrote an editorial in the Financial Times arguing the case for gay marriage. The House of Lords would vote on a measure legalising same-sex marriage the following day. I supported the bill as a pragmatic legislator, as a gay man and as a human being. But I also supported it because I am a businessman.

Business does not usually take a position on the institution of marriage. But, in my time as chief executive, I learned that any policy that fosters an inclusive environment makes good business sense. Paul Reed, my former colleague at BP and now a senior executive there, puts it best: "I don’t want people saving a quarter of their brain to hide who they are. I want them to apply their whole brain to their job." Read more »

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Why Gay Workers Decide to Stay in the Closet

Why Gay Workers Decide to Stay in the Closet

At Boston University, Rebecca Farmer was active in the lesbian, gay, bisexual and transgender community. But when it came time to pursue a career in finance, the 23-year-old decided to stay in the closet.

Through six internships and the start of her first job in a rotational training program at financial-services firm UBS AG, she stayed quiet when conversations turned personal.

"It was fear of being negatively perceived," Ms. Farmer said. "I was more concerned about the people I sit next to, not the company itself." Read more »

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Will Gay People Retire With Dignity?

The National Gay and Lesbian Task Force estimates 3 million LGBT elders live in the United States. As Baby Boomers age, that number will grow.  In some places, aging members of the LGBT community are driving a nascent movement. Forward thinking people are creating LGBT friendly retirementcommunities, building in acceptance and a supportive environment.

Can we do this otherwise,  without special, prejudice- free facilities where aging LGBT folks are welcome?

Maybe not. Read more »

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Top firms in China meet for first LGBTI business summit

Top firms in China meet for first LGBTI business summit

Top Chinese and western firms have met for a summit in Shanghai on how to support LGBTI workers, many of who are still in the closet.

Chinese companies often say they don’t know of any LGBTI staff – but now they are starting to tackle the issues.

The summit today (27 March), thought to be the first of its kind in China, brought together 120 people from around 100 companies, about 10% of which were Chinese.

Among them was HSBC, IBM and Chinese computer company Lenovo but 50 Fortune 500 firms were represented.

It was organized by Steven Paul Bielinski, who founded Shanghai LGBT Professionals just four months ago to create a better future for the countries gay, lesbian, bi and trans employees. Read more »

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Corporations sponsor sexual orientation research study

Corporations sponsor sexual orientation research study

Big business names like Deloitte and General Electric are trying to become more LGBT friendly, as they are funding research that will study the challenges of gay, lesbian, bisexual, and transgender employees in multinational organizations.

Firms across all sectors- oil and gas, finance, consulting, insurance, pharmaceuticals, journalism, technology- are sponsoring research by the New-York based Center for Talent Innovation (CTI), which will examine the benefits of an LGBT inclusive workplace and will publish its findings in 2015.

Sponsored by 86 companies and chaired by household names like Deloitte, Ernst & Young, General Electric, Bank of America, Bloomberg, and Goldman Sachs, the research aims to make work life for LGBT staff more comfortable. Read more »

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Arizona Technology Council Signs Unity Pledge in Support of Diversity

Arizona Technology Council Signs Unity Pledge in Support of Diversity
State’s largest trade association for technology businesses to advocate for LGBT equality in Arizona

November 25, 2013 (Phoenix AZ) – The Arizona Technology Council, the state’s largest trade association for science and technology companies and a longtime leader of the technology community, has signed the UNITY Pledge and announced it would add issues of lesbian, gay, bisexual and transgender (LGBT) equality to its lobbying platform agenda.    Read more »

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A Victory for LGBT Health in the Americas

A Victory for LGBT Health in the Americas

Early in October, global health leaders in the Americas Region made a major step forward to improve access to and quality of health care for lesbian, gay, bisexual, and transgender (LGBT) persons. Read more »

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Murray: Gay rights a boon to business

Murray: Gay rights a boon to business

The U.S. Senate stood poised Wednesday to pass legislation that would outlaw workplace discrimination against gays and lesbians, with Washington Sen. Patty Murray pointing to her home state as demonstration that protection of rights is a boon to business and the economy.

The Senate did adopt an amendment, sponsored by two Republicans, designed to protect employers who are exempt from the Employment Non-Discrimination Act (ENDA) because of religious beliefs or affiliations. Read more »

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Gay CEOs urged to lead the way

Gay CEOs urged to lead the way

Does Christopher Bailey's promotion to CEO of Burberry signal a turning point in the visibility of gay people at the top levels of business ?

When Angela Ahrendts announced she was stepping down from Burberry and Christopher Bailey was named CEO, there was one topic du jour: whether Bailey, the brains behind the designs, could master the intricacies of running a business ?

The fact that there was very little discussion about Bailey, an openly gay man, taking the helm of a global company, highlighted some of the big steps made in workplace diversity.

However, activists point out there are still many lesbian, gay, bisexual and transgender (LGBT) employees who feel they can't be open about their sexual orientation at work. Read more »

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Credit Suisse launches gay-friendly company index

Credit Suisse launches gay-friendly company index

AFP - Swiss banking giant Credit Suisse has launched what it says is the first market index and portfolio based on gay-friendly policies.

The LGBT Equality Index ranks companies by how well they respect the rights of employees and other members of the lesbian, gay, bisexual and transgender (LGBT) community.

It currently covers 201 US-based firms, but Credit Suisse said it hoped to expand the index and associated investment portfolio, unveiled Monday in New York, to other countries.

The portfolio is currently only available to US-based private banking clients able to spend a minimum of $250,000 but could be open to smaller investors next year. Read more »

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