Diversity, Equity, Inclusion and Belonging: Progress Report 2022 - 2023

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Jul 2024
At the heart of the IDB Group's mission lies an unwavering commitment to fostering diversity, equity, inclusion, and belonging (DEIB) within our organization. We recognize that embracing DEIB empowers us to achieve our mission and make a profound impact in Latin America and the Caribbean. Through ambitious targets and collective responsibility, we amplify diverse voices and actively recruit talent from underrepresented communities.
In 2022 and 2023, our collaborative effort led to the development of the 2023-2028 DEIB Framework, aligning with our People Strategy and the recently approved IDB Group Institutional Strategy. This framework outlines our vision and action plan to ensure equitable opportunities, foster inclusion, and recognize contributions from diverse backgrounds.
The IDB and IDB Invest achieved EDGE Move and EDGE Plus recertifications in 2023, demonstrating our commitment to workplace gender and intersectional equity. Building on the progress in gender parity, during 2022 and 2023, we added commitments to intersectional diversity, aiming for equitable representation at all levels. Employee Resource Groups (ERGs) played a pivotal role in advancing DEIB initiatives, organizing events, and providing resources to commemorate international days, fostering a culture of inclusion.
The 2022 DEI Survey highlighted a favorable DEI Index Score and perceptions of diversity and equity that vary among groups. This survey provided baseline data for targeted solutions. Engaging in diverse talent outreach events and virtual career fairs underscored our commitment to attracting talent from underrepresented groups, while DEIB training sessions and initiatives equipped employees to address biases and promote inclusion.
Efforts to strengthen DEIB resources in Country Offices demonstrated our commitment to regional inclusivity and collaboration. The DEIB Awards recognized employee contributions to the DEIB agenda, highlighting our commitment to equality and integration in Latin America and the Caribbean.
In summary, our progress reflects our unwavering dedication to fostering an inclusive culture where diversity is celebrated, and every individual feels valued and empowered.