This is not about Black History Month, International Women’s Day or LGBTQIA + Pride month. It is necessary to instill diversity and inclusion in all campaigns, stories and experiences that companies put forward. It is a matter of adopting a way of working through which diversity and inclusion are considered as part of each arc of history.
For example, the Brazilian black population moves 1.7 trillion reais a year on average, but is represented in less than 10% of the advertisements in the country.¹ The LGBTQ+ community that continues to fight to increase its rights moved approximately US$ 253,000 million in the Latin American economy in 2018. ²
Diversity and inclusion in storytelling goes beyond relations with the media, and can also have an impact on a company’s finances. While revenue gains and data are valuable for proving the value of diversity and inclusion internally, the public does not connect with statistics and logic, but with stories which reflect their history, culture and lived experiences.
It is important to understand that diversity has different definitions around the world, and can cover ethnicity, religion or socioeconomic considerations depending on the region. For instance, in Latin America indigenous people represent 8,3% of the population – approximately 45,000 individuals.³
When it comes to a brand’s communications and engagement, understanding the diversity of its target market is a sure step towards a fulfilling conversation with local audiences, based on trust.
Increasingly, brands need to grasp the power inherent in the telling of stories, and include diverse experiences in their communications. This will positively influence the relationship with their consumers, and enhance brand recognition – and, as we know, brand reputation is now the #1 concern for all shareholders.
Finally, as a first step, organizations and companies should look to hire or consult with a professional in the field when investing in diversity and inclusion.
- Instituto Locomotiva, 2019
- LGBT Capital, 2018
- ONU, 2014