dotlah! dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
Social Links
  • zedreviews.com
  • citi.io
  • aster.cloud
  • liwaiwai.com
  • guzz.co.uk
  • atinatin.com
0 Likes
0 Followers
0 Subscribers
dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
  • People

The Impact Of Corporate Pride

  • June 23, 2023
Pride
Total
0
Shares
0
0
0

We would like to thank our generous sponsors for making this article possible.

Companies need to resist the prejudice of a vocal minority, and support diversity and inclusion with pride.

Corporate involvement in the June Pride Month celebrations of the LGBTQ+ community has always attracted controversy. Historically the criticism has often centered on “pinkwashing”—when some companies liberally sprinkle their logos with rainbow glitter for a month, but then do little to support inclusion throughout the rest of the year.

This year, however, the attacks have come from a very different source. Several small but vocal groups have attacked corporate involvement in Pride and occasionally attempted boycotts in an effort to reduce support for the LGBTQ+ community.

Photo credit: Gilles H. Fages

Pride is impactful

Companies need to continue to be involved in Pride. Indeed, their participation is part of the evolution of the economic model and the rise of the impact economy.

Increasingly, people are motivated by more than purely materialistic desires; they also want to see progress on broader economic needs such as sustainability and equality of opportunity. Across the developed world significant majorities believe queer people deserve equal treatment.

Companies should not ignore this. They are a part of the economic system and, directly or indirectly, consumers will look to companies that can best meet their economic needs, including intangible desires.

Maximizing effectiveness, minimizing exhaustion

It is also in a company’s interest to make sure its employees are as effective as possible at work. Most queer people work for a company, and most people spend more of their waking hours at work than anywhere else. The attitude of a company towards the LGBTQ+ community is, therefore, especially important.

Having effective employees requires a meritocratic approach to employment that disregards irrelevancies such as sexuality. Moreover, it is exhausting for closeted employees to constantly be guarded in their speech and having to self-censor. Exhausted employees are not effective employees.

Employees who can be themselves at work are likely to perform better. This is an important asset. Companies that have the right people in the right job at the right time are demonstrably more likely to be more successful than those that do not.

Broadening the pool of employee talent also increases the diversity of views. That helps a company to make better informed decisions, especially at a time of economic structural upheaval.

Helping straight people out of the closet

Corporate support for Pride can go even further and change the behavior of non-queer employees. Creating an environment where more queer people can be out at work means employees are more likely to know an openly queer person. Prejudice depends on dehumanizing its victims, but this is hard to create when the intended targets are visible and known.

An inclusive work culture can also help non-queer people be more authentic. If being queer is not seen as negative, behavior that is stereotypically identified with the queer community is no longer something that a non-queer person feels compelled to avoid. Homophobia can thus cause non-queer people into a closet, of sorts, and inclusivity can set the straights free from fear.

The behaviors of the workplace can then start to influence behavior in society. Employees do not abandon their humanity when they leave the workplace, and inclusivity at work is likely to be carried into the social and personal spheres.

The vocal prejudice expressed during this year’s global Pride celebrations is something that companies should resist. Those who strip away their rainbow glitter implicitly accept a status quo where people are not treated equally and are more likely to be exposed as pinkwashers. Those companies that stand up in favor of humanity and equal opportunity for all are evolving to meet the future of the impact economy.

The author is grateful for feedback from: Jackie Bauer, Mike Ryan, Richard Morrow.

For further information, please visit www.ubs.com/institute-disclaimer

By: Paul Donovan
Originally published at: UBS

Total
0
Shares
Share
Tweet
Share
Share
Related Topics
  • Corporate
  • Pride
  • Pride Month
  • UBS
dotlah.com

Previous Article
Book
  • Features
  • Gears
  • People

Binding Pages To Legacy. The Timeless Craft of Bookbinding.

  • June 22, 2023
View Post
Next Article
AI | Human | Peace | Handshake
  • Features
  • People
  • Technology

The Traits And Qualities That Humans Have. And How AI Would And Should Learn From It.

  • June 23, 2023
View Post
You May Also Like
View Post
  • Cities
  • Environment
  • People

Was Venezuela struck by an earthquake ‘doublet’? Here’s what we know so far

  • dotlah.com
  • June 27, 2026
View Post
  • People

Singapore Airlines to Add Services Across Europe, Launch New Flights to Madrid in October 2026

  • Dean Marc
  • May 8, 2026
View Post
  • People
  • Working Life

About 23,000 community care sector employees could get at least 7% pay raise as part of new salary guidelines

  • dotlah.com
  • February 18, 2026
View Post
  • People
  • Technology

This is what the new frontier of AI-powered financial inclusion looks like

  • dotlah.com
  • January 2, 2026
View Post
  • People
  • Working Life

Skills development is critical to bridging the global digital talent gap

  • dotlah.com
  • December 22, 2025
Points, Lines and a Question
View Post
  • Engineering
  • Op-Ed
  • People

What Is The Point In Making Points?

  • Dean Marc
  • November 27, 2025
View Post
  • Cities
  • People

We must empower local leaders to meet global goals – here’s why

  • dotlah.com
  • November 4, 2025
View Post
  • People

Singapore’s national identity excludes those who don’t look like a ‘regular family’

  • dotlah.com
  • October 9, 2025


Trending
  • China 1
    • Cities
    6 Cities That Rank High When It Comes To Electricity Consumption
    • October 26, 2020
  • 2
    • Lah!
    Pinterest Opens Its Doors In Singapore
    • July 11, 2019
  • 3
    • Science
    • Society
    Quarantines Have Tried To Keep Out Disease For Thousands Of Years
    • March 16, 2020
  • Introducing the Instinct 3 Series from Garmin: rugged smartwatches now with AMOLED displays 4
    • Gears
    • Technology
    Introducing the Instinct 3 Series from Garmin: rugged smartwatches now with AMOLED displays
    • January 6, 2025
  • 5
    • Technology
    New Digital Plan To Help Marine & Offshore Engineering Industry Digitalise
    • May 27, 2021
  • 6
    • Lah!
    Strengthening Relations Between Singapore And The Netherlands
    • September 13, 2019
  • 7
    • Lah!
    2019 Is Singapore’s Joint Warmest Year On Record
    • January 16, 2020
  • 8
    • Technology
    ​NTU Singapore And Facebook To Launch New Certificate Programmes To Develop Local Data Centre Talent
    • June 2, 2020
  • citiio-construction-site-mark-potterton-sNVkn3507Oo-unsplash 9
    • Business
    • Cities
    • Features
    On Solid Ground: Meeting Safety Standards in Construction
    • March 19, 2024
  • 10
    • Lah!
    • Technology
    NTU And NEA Launch Unique S$40m Waste-To-Energy Research Facility
    • May 31, 2019
  • 11
    • Technology
    CapitaLand, SP Group And Sembcorp To Study Use Of Integrated Energy Solutions To Green Data Centres
    • November 7, 2020
  • 12
    • Lah!
    In Land-Scarce Singapore, Where Does Your Rubbish Go?
    • October 22, 2019
Trending
  • 1
    Chinese tech giant Huawei unveils Mate 90 series smartphones with flagship Tau chips adopting logic folding technology
    • October 3, 2026
  • 2
    Google Opens Singapore Engineering Center to Build and Export Enterprise Cloud and AI to the World
    • September 15, 2026
  • 3
    Apple Flagship Hardware Launch for September 2026
    • September 10, 2026
  • 4
    MIT researchers tackle the economic realities of fusion power
    • August 10, 2026
  • 5
    ASEAN, treaty parties push stronger cooperation as Treaty of Amity and Cooperation in Southeast Asia marks 50 years
    • July 26, 2026
  • 6
    The Fastest AI Fried Chicken In The World
    • June 29, 2026
  • 7
    Zed Approves | How to Stay Cool in Extreme Heat
    • June 29, 2026
  • 8
    Was Venezuela struck by an earthquake ‘doublet’? Here’s what we know so far
    • June 27, 2026
  • 9
    Zed Approves | It’s Prime Day 2026! Time to Upgrade Your World Cup Viewing Setup and Beat the Heat
    • June 25, 2026
  • 10
    Zed Approves | The Best Prime Day PC Deals: Top Gaming Rigs, Workstations, and Everyday Laptops
    • June 25, 2026
Social Links
dotlah! dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
Connecting Dots Across Asia's Tech and Urban Landscape

Input your search keywords and press Enter.