Companies should care about inequality because they leave money on the table if they don’t, according to another study released this week by Grant Thornton.
The U.K. tax-advisory firm compared the return on assets last year for publicly traded companies in three countries with and without women on their executive boards. Those with at least one woman outperformed companies with all-male teams by 1.9 percentage points in the U.S., 0.85 point in India and 0.53 point in the U.K.
And how much did the study show the non-diverse companies lost out on in total return on assets? $655 billion.