Diversity Data Guide 2024: Additional guidance on the collection and use of data to enhance workforce EDI

Over the last few years the Diversity, Equity and Inclusion (DE&I) landscape has experienced some significant shifts - including evolving legislation and regulations, and public perception and expectations. This means that there is a greater emphasis than ever before on DE&I as it continues to rise up organisations’ agendas.

To respond to this changing environment, more and more companies are exploring how to evolve their employee diversity demographic data collection, to support enhanced reporting and data driven action planning. This guide has been created with the Investment Association (IA), as an addition to our 2021 guide, to provide updated and deeper insights on your employee diversity data. This includes:

• Improving your data quality: Strategies to enhance disclosure and improve response rates through effective communication and cross stakeholder collaboration.
• Using diversity data to develop DE&I strategies, interventions and targets: Guidance on using the data you’ve collected effectively, to determine your actions, develop your strategy and build a clear narrative.
• Monitoring DE&I as a business risk: Guidance on capturing DE&I risks and using diversity data to effectively monitor and govern activities, particularly in financial services organisations.