Stakeholder Capitalism

Here’s how organizations can put intersectionality to work

A man surrounded by post-its with 'norms', 'expectation' and 'society' written on them

Institutions now need to incorporate an understanding of intersectionality into their policies and practices Image: Yasin Yusuf for Unsplash

Kyle Zimmer
Co-Founder and Chief Executive Officer, First Book
Pavitra Raja
Community Lead, CEO Action Group On Nature Pillar, World Economic Forum
Share:
Our Impact
What's the World Economic Forum doing to accelerate action on Stakeholder Capitalism?
The Big Picture
Explore and monitor how Systemic Racism is affecting economies, industries and global issues
A hand holding a looking glass by a lake
Crowdsource Innovation
Get involved with our crowdsourced digital platform to deliver impact at scale
Stay up to date:

Systemic Racism

  • Intersectionality is the complex, cumulative way in which the effects of multiple forms of discrimination combine in the experience of marginalized individuals or groups.
  • Institutions now need to incorporate an understanding of intersectionality into their policies and practices.
  • This will involve building intersectionality into recruitment strategies, making sure people have opportunities to discuss these issues, and an open and empathic style of leadership.

In recent years there has been much discussion about the impact that racial, gender-based and class-based discrimination and discriminatory practices have on society. Dr. Kimberlé Crenshaw has been one of the leaders in this field. She first coined the term ‘intersectionality’ which she defined as the complex, cumulative way in which the effects of multiple forms of discrimination combine, overlap, or intersect, especially in the experiences of marginalized individuals or groups.

“Intersectionality is a lens through which you can see where power comes and collides, where it interlocks and intersects”, Crenshaw has said. “It’s not simply that there’s a race problem here, a gender problem here, and a class or LBGTQ problem there. Many times, that framework erases what happens to people who are subject to all of these things."

Have you read?

Institutions now need to incorporate an understanding of intersectionality into their policies and practices. Below are lessons from women social entrepreneurs from the Schwab Foundation’s community. The lessons include what can be accomplished both as a sector as well as institutionally and individually.

1. Build intersectionality into your recruitment strategy

Research shows that companies with greater ethnic and racial diversity are 35 percent more likely to yield higher results; those that have gender diversity are 15 percent more likely to outperform the industry average. Diversity in the fullest sense must be a recruitment priority for the entire organisation – including the board of directors.

2. Provide internal feedback opportunities

Organizations should build internal structures that encourage discussion and questioning regarding these critical issues. First Book works hard to develop an internal culture that invites feedback. Even the most junior members of the team are encouraged to innovate and to weigh in on organizational discussions. We need to open ourselves and our organizations to full scrutiny – this will also help us to develop the next generation of leaders.

An image showing the cumulative effects of intersectional discrimination
Intersectionality is the complex, cumulative way in which the effects of multiple forms of discrimination combine Image: First Book

3. Leverage vendor relationships

To make a wider equality impact, organizations must make conscious decisions regarding the vendors they choose, the offices they rent, and all the major purchasing decisions they make. They must ensure that those businesses are also supporting diversity.

4. Prioritize your own wellbeing

Taking care of our own wellbeing gives us the emotional resources to help those around us. In fact, one study found that happier people are more likely to care about the problems of the world and to take action to alleviate suffering – perhaps because they have more personal agency and energy to do so. Another study in Germany found that happier people tended to be more involved citizens; that they voted, volunteered, and participated in community activities more than less happy people. To tackle social issues at large, start by taking care of your wellbeing as a leader first.

5. Lead with empathy

Leaders who demonstrate empathy and who consider the perspectives of others are more likely to make people feel that their experiences have been taking into account. These strategies are supported by research: data suggests that employees are drawn to leaders who are kind and who they trust. They also value leaders to whom they can look up to for human qualities and values.

Discover

What is the World Economic Forum doing to champion social innovation?

6. Get comfortable with being uncomfortable

Personal reflection inevitably leads to growth, as well as causing some growing pains. Discomfort is not inherently a bad thing. It's an internal alarm that sounds in your brain, telling you to pay closer attention to something. Feeling uncomfortable can be a symptom of growth. Instead of being defensive in an uncomfortable situation, take a minute to ask yourself “what can I learn from this situation?” or “what can I do to help?”.

7. Design accountability into your workplace and your sector

An intersectional leader understands that they can create change by making sure that their governance policies align with their inclusion goals. Don’t assume a traditional organisational design is better – you have a blank canvas.

The poet Audre Lorde said: "there is no such thing as a single-issue struggle because we do not live single-issue lives." Putting intersectionality to work will take more than just the eight points mentioned above – but those will be a start. It’s up to all of us to create spaces where individuals can express and be their multifaceted selves – and to support each other as we push for comprehensive change. Follow the Bold Action for Women in Social Entrepreneurship initiative – a collective effort to use an intersectional approach to supporting women social entrepreneurs.

Don't miss any update on this topic

Create a free account and access your personalized content collection with our latest publications and analyses.

Sign up for free

License and Republishing

World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.

The views expressed in this article are those of the author alone and not the World Economic Forum.

Related topics:
Stakeholder CapitalismEquity, Diversity and Inclusion
Share:
World Economic Forum logo
Global Agenda

The Agenda Weekly

A weekly update of the most important issues driving the global agenda

Subscribe today

You can unsubscribe at any time using the link in our emails. For more details, review our privacy policy.

Investing in innovation will secure vital critical minerals for the energy transition – here's where to start

Michel Van Hoey and Jörgen Sandström

June 24, 2024

About Us

Events

Media

Partners & Members

  • Sign in
  • Join Us

Language Editions

Privacy Policy & Terms of Service

© 2024 World Economic Forum