BFC publishes diversity report to help drive fashion businesses

The British Fashion Council, The Outsiders Perspective and the (Fashion) Minority Report have consolidated industry expertise in this year's DEI Report. It is a comprehensive review of the current state of Diversity, Equity and Inclusion in the UK Fashion industry.

Based upon the findings from The UK Fashion DEI Census, the results showcase how "the sector can accomplish much more by diversifying its corporate representation, including executive positions". From this, we can see there is an intrinsic link between leadership diversity and company performance.

The report sets out a business case with measurable levers to accelerate diversity, talent recruitment and retention.

Jamie Gill, Founder, The Outsiders Perspective and BFC Non-Executive Director, commented: "Our catwalks are diverse, our campaigns are diverse, our consumers are diverse, but our workforce and our decision-makers are not.

"There is a solid business case for a diverse team, which is arguably most relevant for fashion. We, as an industry, should be leading the charge - because we have the most to gain."

The report's key findings:

• 9% of executives and boards in the UK fashion industry are held by people of colour, and 39% by women.
• 11% of the executive team and board 'Power Roles' (namely CEO, CFO, Chair and Creative Director) are held by people of colour, and 24% by women.
• 86% of white men in the industry believe the industry is diverse. 46% of women of colour believe the industry is diverse.
• 17% of companies have published quantitative DEI targets (as opposed to 56% who have published sustainability targets)
• Of the top quartile of diverse businesses globally, 35% of their executive teams and board are people of colour, 50% are women

Daniel Peters, Founder of the (Fashion) Minority Report, said: "A sense of belonging applies to all our people, but a considered approach is needed for those from underrepresented groups. Business can then benefit from their perspective and thrive."

Caroline Rush, Chief Executive of the British Fashion Council, added: "We must recognise that there is a key business opportunity in dismantling barriers, fostering inclusivity and ensuring we are truly listening to and amplifying underrepresented voices.

"The report makes it clear that there are undeniable benefits of having a diverse workforce. This is a wake-up call for all of us - we as an industry need to embrace DEI as a lever for advantage. It is critical for brands and organisations to align their external messaging and internal practices to authentically and tangibly contribute to DEI goals."