'Economically significant’ | LGBT+ policies can boost company performance

According to the latest research from the Aalto University School of Business and the University of Vaasa, companies that take their corporate responsibility to LGBT+ policies seriously yield better performance.

The research, which was conducted by Jukka Sihvonen, Assistant Professor at Aalto University School of Business along with the University of Vaasa team, looked to examine the relationship between LGBT‐friendly corporate policies and company performance, using data on 657 publicly traded US firms over the period between 2003 to 2016.

The study found strong evidence that not only do more LGBT-friendly companies see higher performance and profitability, but also higher stock market valuations.

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This is because firms that focus on inclusive policies produce happier and more satisfied workers, and what the study called ‘altruistic workplace behaviour’. Due to this, workers also have a tendency to stay in their role longer, and remain committed to the company.