As companies Race to Zero for climate, are they doing it in a DEI balanced way?

Since 2021 with COP in Glasgow, The Female Quotient and Denominator have measured Gender and Diversity, Equity, & Inclusion Performance within Sustainability. As the Race to Zero for climate intensifies, it is essential to shine a spotlight on the concurrent journey towards Diversity, Equity, & Inclusion (DEI) within these companies committed to Race to Zero.

The Race to Zero companies are measured on Total DEI performance, Gender, Race/Ethnicity, Age, Disability as well as on their representation of women within Executive and Board roles. Despite initial disparities observed during COP26, Race to Zero companies have made significant strides, consistently outperforming the global average across all DEI dimensions considered.

During COP26, Race to Zero companies performed worse than the global average on Total DEI, Gender, Race/Ethnicity and Disability. However, within the last two years, Race to Zero companies have been able outperform the global average within the 7 DEI dimensions.

Noteworthy representation is evident, particularly in the representation of women, where Race to Zero companies boast 32% on Boards and 25% in Executive roles, surpassing the global averages of 22% and 19%, respectively. This indicates an ability to foster inclusivity at the highest organizational levels.

Denominator selected a hand full of sectors preforming anyway from best, average, and lowest on measured DEI dimensions to analyze.

When comparing DEI performances across sectors, the telecommunications sector merges as a leader, excelling in overall DEI. Tech follows closely behind, while the Leisure Industry follows last amongst the 6 sectors, emphasizing the need for sector-specific strategies to ensure comprehensive and balanced progress.

As we navigate through COP26 to COP28 and beyond, it is important for companies to sustain and continue a Race to Zero, that is not only environmentally responsible but also rooted in Diversity, Equity, & Inclusion. The intersectionality of these goals is pivotal for building resilient and sustainable organizations that contribute to a more just and equitable future.

To learn more about Denominator’s global & social DEI data, please contact or fill in the form below.

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