Business

US: NYC opens billions in contracts to LGBT+ business

US: NYC opens billions in contracts to LGBT+ business

New York City has opened $25 billion worth of contracts to bids from LGBT-owned businesses, as part of a pledge to widen access to a raft of benefits already offered to other minorities, from women to Black entrepreneurs. The city made the change on Tuesday, allowing LGBT+ business owners to compete for a host of […]

India’s first LGBT+ work equality index – 2 local firms win gold

India’s first LGBT+ work equality index – 2 local firms win gold

Two Indian firms, the Godrej Group and Hindustan Unilever, were named top employers for LGBT+ people on Thursday, in the country’s first workplace equality index, launched two years after it decriminalised [homosexuality]. The other 19 gold award winners – with LGBT+ inclusive policies, such as gender neutral bathrooms, and health insurance for same-sex partners – […]

Nasdaq seeks board diversity for listed companies

Nasdaq seeks board diversity for listed companies

(Reuters) – Nasdaq Inc on Tuesday filed a proposal with the US Securities and Exchange Commission that, if approved, will require all Nasdaq-listed companies to adopt new rules related to board diversity and disclosure, or potentially face delisting. The new rules will require most Nasdaq-listed companies to have, or publicly explain why they do not […]

OPINION: LGBT+ employees need mentors in careers

OPINION: LGBT+ employees need mentors in careers

By Kim Langers  The opportunity to be mentored into a leadership role when you are a young LGBT+ professional at the beginning of your career is almost nonexistent. Many young LGBT+ professionals, who work in the corporate world, tend to get discouraged when they do not see a reflection of themselves in the office, or […]

UK Regulator – Guidance on LGBTQ+ corporate disclosures

UK Regulator – Guidance on LGBTQ+ corporate disclosures

(Reuters) – Companies should set clear policies and targets to nurture their next generation of LGBTQ+ leaders and diversify the workforce, Britain’s corporate governance regulator said on Wednesday. The Financial Reporting Council (FRC) enforces Britain’s corporate governance code, and set out what it describes as the first recommendations by a regulator, on disclosing diversity policies […]

Transgender people see hope in tech world

Transgender people see hope in tech world

As a transgender woman living in Russia, where LGBT+ people often face abuse and state repression, Chloe Golovleva said she felt like an animal trapped in a cage. “There was no life for me,” she told the Thomson Reuters Foundation. Two years ago, Golovleva left Russia, and sought asylum in Argentina, where trans people have […]

US: Gay former Goldman exec Chavez on diversity on Wall Street

US: Gay former Goldman exec Chavez on diversity on Wall Street

(Reuters) – Former Goldman Sachs Group Inc executive, Marty Chavez, said on Tuesday [that] Wall Street’s position on diversity has evolved since he started at the mega-bank, in the 1990s. Chavez, who is Latino and openly gay, said he hesitated when he was first offered a position on Wall Street, fearing Goldman Sachs might see […]

From Wall Street to Silicon Valley, LGBT+ investment on the rise

From Wall Street to Silicon Valley, LGBT+ investment on the rise

When Michele Bettencourt stepped down as chief executive of a billion-dollar cyber-security firm, to begin her transition from male to female, she thought her career was over. Two years later, Bettencourt is not only living as a transgender woman, but she was also named chairwoman of the board of directors for an up-and-coming tech company.

LGBT+ entrepreneurs struggle for funding

LGBT+ entrepreneurs struggle for funding

Struggling to find funding, technology entrepreneur, Bobbie Racette, was told by one investor to downplay her sexuality. “You don’t need to tell us that you’re LGBT,” she was told. “We can just leave that out of your pitch deck.”

US: Corporate giants condemn anti-LGBT laws

US: Corporate giants condemn anti-LGBT laws

From discriminatory adoption laws to denial of transgender healthcare, a rising number of US corporate giants are joining forces to protest about a slew of anti-LGBT+ state legislation. American Airlines, hotel giant, Marriott International, and footwear maker, Nike, were among 36 firms that spoke out this week, against a law allowing adoption agencies to turn […]