What is DEI?

DEI is a multidimensional concept built on the three pillars of Diversity, Equity, & Inclusion. Within the world of corporate sustainability and ESG, DEI is a central part of the Social (S) dimension of ESG. DEI is, however, also a function in and of itself that is an integral part of organizations and countries. 

Diversity 

Diversity refers to an embodiment of a particular groups’ composition and includes people’s background, personality, life experiences, and beliefs - all of the things that make us who we are. It is the combination of our differences that shapes our perspective of the world and our approach. Diversity can take various forms and is about recognizing, respecting, and valuing differences based on Gender, Generation, Culture/Heritage, LGBTQ+, Ability/Wellness, Religion, and other dimensions.

Equity 

Equity speaks to the ability to create fair access, chances, and opportunities for all the people that work for a company, in an industry, or live in a country. It is based on the notion that people are diverse, hence they need different accommodations to participate on equal terms in their daily lives. The below image illustrates the differences between equity and equality.

Inclusion 

Inclusion aims at identifying barriers of entry for certain groups and promote organizational activities that fosters a tolerant and including environment for everyone. This pillar speaks to the need for ensuring that individuals have room to thrive and that cultural as well as physical Diversity is welcomed and tolerated. Inclusion also focusses on engaging individuals in the decision-making process and makes it possible for individuals to be involved in their community.