'Embracing diversity is simply good for business,' says HSBC chief

Published: December 14, 2014

fridae
Ivan Fernandes
Original Article:  bit.ly/1xmhCsO

Speakers at an HSBC-hosted business summit in Hong Kong have reiterated their belief that respecting the rights of the lesbian, gay, bisexual and transgender men and women is good for business.

"Embracing diversity is simply good for business. The financial sector can play a leadership role in diversity," said HSBC Holdings group chief executive Stuart Gulliver.

"Why limit access to talent because of prejudice? It makes no sense. I want my colleagues to be themselves at work," he said during the recent "Out on the Street" summit in Hong Kong, according to scmp.com.

He said HSBC supports gay colleagues in territories where same-sex relationships are illegal or culturally unacceptable but pointed out that this was done as long as the bank did not break any local laws in providing such support.

HSBC’s job application form has also moved on from asking asked candidates whether they were male or female to now including four categories; male, female, androgynous or prefer not to answer.

HSBC is also looking at offering insurance products for LGBT parents and their children, according to Gulliver.

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