- Report year:2023
- Report author: Dame Vivian Hunt, Sundiatu Dixon-Fyle, Celia Huber, María del Mar Martínez Márquez, Sara Prince, and Ashley Thomas
- Organisation: McKinsey & Company
The business case for gender diversity on executive teams has more than doubled over the past decade.
Each of McKinsey's Diversity Matters reports—2015, 2018, 2020, and now 2023—has found a steady upward trend, tracking ever greater representation of women on executive teams. At each time point they have assessed the data, the likelihood of financial outperformance gap has grown: Our 2015 report found top-quartile companies had a 15 percent greater likelihood of financial outperformance versus their bottom quartile peers; this year, that figure hits 39 percent.
Each of McKinsey's Diversity Matters reports—2015, 2018, 2020, and now 2023—has found a steady upward trend, tracking ever greater representation of women on executive teams. At each time point they have assessed the data, the likelihood of financial outperformance gap has grown: Our 2015 report found top-quartile companies had a 15 percent greater likelihood of financial outperformance versus their bottom quartile peers; this year, that figure hits 39 percent.