Tuesday, 8 December 2020

The next chapter of progress for LGBT rights in Asia

Four in ten Asian executives say being openly LGBT would hinder one’s career, according to new EIU research
 
Dear reader,
Asia is the new global battleground for lesbian, gay, bisexual and transgender (LGBT) rights. Our recent study, Pride and Prejudice: The next chapter of progress , captures the opinions of 359 full-time employees at companies across seven economies—China, Hong Kong, India, Indonesia, Japan, Singapore and Taiwan—via a survey. It reveals advances for LGBT inclusion in Asia's business community, despite a conservative "groupthink" mentality that remains widespread.
The key findings of the survey are as follow:
  • Four in ten Asian executives say being openly LGBT would hinder one's career
  • Nearly half of respondents say enacting more LGBT-friendly workplace policies and practices presents a business opportunity
  • Three in five respondents believe the business world has a fundamental imperative to drive change around LGBT diversity and inclusion
  • Executives in China and India especially likely to rate recent progress for LGBT inclusion in their firms as high
Pride and Prejudice is The Economist Group's multi-year initiative focused on advancing progress for the LGBT community, in both work and broader society. It encompasses events, original reporting, outreach campaigns and research. Manulife is the gold sponsor and Barclays and Nomura the silver sponsors of this year's research.
Kind regards.

Michael Gold
Managing editor, The Economist Intelligence Unit