28 Pakistani companies win GDIB awards

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ISLAMABAD:

A total of 28 Pakistani companies and financial organizations, including banks and microfinance institutions, have won the prestigious 2021 Global Diversity and Inclusion Benchmarks Awards in different categories.

The winning organizations included Engro Fertilizers Limited, which achieved the highest score, followed by Engro Energy Limited, Engro Corporation Limited, Nestlé Pakistan and HBL.

Overall, the GDEIB winning companies are First Micro Finance Bank Limited, Standard Chartered Pakistan, AGP Limited, Bank Alfalah Limited, Faysal Bank Limited, Engro Polymer and Chemicals Limited, Pepsi Cola International, PTCL, Allied Bank Limited, Philip Morris Pakistan Limited, HRSG, The Millennium Education, JS Bank Limited, U Microfinance Bank Limited, TPL Corporation, National Clearing Company of Pakistan Limited, The Millennium Universal College, British Council Pakistan, Jazz, Novo Nordisk Pvt Limited, Feroze1888 Mills Limited, FINCA Microfinance Bank Limited and Telenor Pakistan.

Read more: Pakistani market attracts Dubai-based companies

CEO of Human Resources Measures and Center for Global Inclusion USA Board Director Zahid Mubarik said in a statement that “the global benchmarks for diversity, equity and inclusion” are the standards for organizations around the world.

“The GDEIB helps organizations determine their strategy and measure progress in managing diversity and promoting inclusion,” he added. He said that GDEIB has 15 categories, 28 dimensions and 275 benchmarks.

According to the statement, the Center for Global Inclusion USA is the headquarters of the GDEIB. Its mission is to serve as a resource for research and education for individuals and organizations in their quest to improve diversity and inclusion practices around the world.

Also Read: Pakistani Tech Firm Reaches Forbes ‘Best Under a Billion’ Ranking

Mubarik added that HR Metrics holds annual GDEIB awards where organizations have the opportunity to disclose their achievements in diversity, equity and inclusion with a focus on the social and economic impact on all. stakeholders.

The awards were evaluated on merit-based scores on a scale of 1 to 5, including best practice, progressive, proactive, reactive and inactive.

Diversity Hub Pakistan formed a jury for the evaluation of the GDEIB awards made up of leading global experts in DCI, including Lynda White, President Mcleod White, Montreal Canada, Nadia Younes, Global Head of Employee Experience, of Diversity and Well-being, Zurich Insurance Company, Switzerland, Karen Francis Doctorate. Vice President and Head of Diversity, Equity and Inclusion, American Institutes for Research, USA, Moneeza Usman Butt, KPMG Partner Taseer Hadi & Co, Pakistan, Saad Amanullah Khan, President of Pakistan Innovation Fund , and Ambreen Waheed, founder of the Responsible Behavior Institute, Pakistan.

In McKinsey’s 2020 report, Diversity Wins – How Inclusion Matters, analysts found: “Companies in the top quartile for gender diversity in their executive teams were 25% more likely to experience above-average profitability. than companies in the fourth quartile ”as well as“ 36% probability of outperforming the EBIT margin for ethnic and cultural diversity ”. This correlation shows a clear business case for diversity and inclusion.

The World Economic Forum’s report, Diversity, Equity and Inclusion 4.0, suggests that companies with diverse employees have “up to 20% higher innovation rates and 19% higher innovation revenues.”

According to the 20th Annual PwC 2020 CEO Survey, diversity and inclusion was the top priority of global CEOs, with 83 percent agreeing that they encourage diversity and inclusion initiatives .

The Global DEI Awards will be presented to the winning organizations in March 2022.



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