The British Fashion Council, The Outsiders Perspective and the (Fashion) Minority Report together with the support of McKinsey & Company as knowledge partner, have brought together a wealth of industry expertise to launch the inaugural UK Fashion DEI Report 2024.
The report is a comprehensive review of the state of Diversity, Equity and Inclusion in the UK Fashion industry based upon the findings from The UK Fashion DEI Census and other new data sets.
The report reveals that despite a demonstrable positive shift in fashion’s public-facing persona, the sector can accomplish much more by diversifying its corporate representation, including executive positions. There is an intrinsic link between leadership diversity and company performance – and the report sets out a business case with measurable levers to accelerate diversity, talent recruitment and retention.
Key Findings:
9% of executives and boards in the UK fashion industry are held by people of colour, and 39% by women.
11% of executive team and board “Power Roles” (being 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