2024 Diversity & Inclusion Vision Award Released! Only 28.74% of talents are satisfied with the company's DEI performance

The 3rd DEI Diversity and Inclusion Vision Award hosted by Wusi Media was officially announced today (10/24), with more than 50 companies registered for the award, spanning 21 industries, and local enterprises signed up for a record high, accounting for 62.5%, and we are pleased to see that Taiwan enterprises have significantly increased their attention to DEI. In the end, 16 winners were awarded, including multinational companies such as Taiwan Applied Materials Co., Ltd., Taiwan Branch of France PARIS Life Insurance Co., Ltd., Taiwan General Mills Co., Ltd., Taiwan Synopsys Technology Co., Ltd., Carat Media Services Co., Ltd., as well as outstanding Taiwan local enterprises such as ASUS Computer, VIS Co., Ltd., TECO Electric Co., Ltd., Yuanfu Securities Co., Ltd., Far Eastern New Century Corporation Co., Ltd., etc.

Photo: (Front row, from left) Representative of Women's Rescue Foundation Huang Ziyan / CEO of Modern Women's Foundation Qiu Shuhua / Chairman of Asia Fintech Alliance / Zhou Changxiang, General Manager of Ruizhe Management Consultants Co., Ltd. / Professor Xie Yingzhe of the Institute of Science and Technology Management of National Tsing Hua / Zhang Weixuan, CEO of Wusi Media / and all the awardees

Professionals from industry, government and academia were invited to form a judging team and share their international trends and local insights on DEI at the ceremony. The jury emphasized that the promotion of diversity, equity and inclusion has gradually become the core force of workplace culture change in Taiwan, and hopes that enterprises will continue to improve and work together to promote the positive progress of the workplace DEI environment. Observing this year's awardees, the jury noted that Taiwan companies have shown significant progress in promoting diversity and inclusion (DEI) policies, especially in the area of generational inclusion, and the gradual institutionalization of policies for middle-aged and elderly people and silver-haired people, demonstrating the company's attention to the needs of different generations. On the whole, foreign companies have achieved remarkable results in promoting DEI policies in localization, even exceeding the standards of their parent companies, setting an example for the industry. Local enterprises have shown a high degree of professionalism in the preparation of sustainability reports, and have room for innovation in the practice of DEI, looking forward to more breakthroughs and highlights in the future.

The Era of Great Sustainability: A New Trend of DEI Driven by Technology

With the advent of the technology era, digital transformation and the rapid development of AI technologies have not only changed the way businesses operate, but also accelerated the pace of DEI promotion. Professor Xie Yingzhe of the Institute of Science and Technology Management of National Tsing Hua University shared his academic observations on future trends, "Now is the era of great sustainability, leading us to a different world." In the past, when companies talked about ESG (Environmental, Social, and Corporate Governance), they tended to focus more on environmental protection reforms, but in the future, the trend will gradually shift to emphasize Social, that is, whether companies provide fair resources and support for talents, consider individual differences, and promote more inclusive policies.

Picture: Xie Yingzhe, Professor of the Institute of Science and Technology Management, National Tsing Hua University

Advances in technology have helped to move DEI from the underrepresented community, but it also brings new challenges that require companies to rethink how they create more equitable opportunities and social value. Jacy Cai, Chairman of the Asian Fintech Alliance, pointed out from a forward-looking perspective that in the era of technology where the line between virtual and real is becoming more and more blurred, redefining the weakness in the virtual world and how to define fairness and justice in the virtual world are issues that need to be paid attention to. She also reminded that "to achieve DEI in technology, those who create new technologies must consider the value of inclusion, which is a responsibility from the bottom of our hearts."

Photo: Jacy Chua, Chairman of the Asian Fintech Alliance

Step-by-step DEI: High-level buy-in and data-driven are key

The successful implementation of the Diversity and Inclusion (DEI) policy requires the active involvement of the board of directors and senior management. Data-driven management is key. Demonstrating DEI performance, cost-effectiveness, and feedback results through specific quantitative metrics can enhance persuasiveness and promote the participation of senior decision-makers. Zhou Changxiang, General Manager of Ruizhe Management Consulting Co., Ltd., emphasized that TISFD (The Taskforce on Inequality and Social-related Financial Disclosures) will become the future trend of corporate DEI and establish a more comprehensive social responsibility disclosure framework.

Zhou Changxiang, General Manager of Ruizhe Management Consulting Co., Ltd

Japan scholars praised Taiwan's DEI and looked forward to promoting cross-border exchanges between Taiwan and Japan

Associate Professor Hiromi Tanaka of Osaka Public University in Japan, a Japan scholar who has long been interested in human development and welfare, was invited to analyze the current situation and latest trends of Japan's Diversity and Inclusion (DEI) policy in the form of a video. She pointed out that the Ministry of Economy, Trade and Industry of Japan has developed tools such as the "Diversity Action Guide" and the "Diversity Compass" to promote the management of diverse talents. Professor Hiromi Tanaka emphasized that Taiwan and Japan can learn from each other and share ideas and practical experiences, which can effectively promote a more diverse and inclusive work environment. She encouraged Taiwan and Japan to further transnational cooperation in the future, through continuous exchanges, mutual support, and joint efforts to promote DEI policies and practices in the region, and jointly lead the development of DEI in the Asia-Pacific region.

Hiromi Tanaka, Associate Professor, Osaka Public University, Japan

The data of the 2024 Diversity and Inclusion Trend Report is released to effectively enhance the sense of belonging and practice the sustainable and win-win situation of organizational talents

This year, in response to the theme of psychological safety and sense of belonging in the workplace, Wusi Media conducted a two-way survey of corporate management and talents. "For the culture of psychological safety and belonging, the management believes that 58.70% of the policies have been implemented, but the employees' feelings are only 28.74%, and there is a gap of 29.96% between the two, reflecting that there is still significant room for improvement in the communication and implementation of Taiwan enterprises in promoting DEI culture." Frank Kwok, Chief Operating Officer of Wusi Media, also pointed out the key strategies for creating psychological safety: "Try non-violent communication, so that both parties can effectively perceive and express their needs. It's not about winning or losing, it's about finding a win-win situation."

Photo: Guo Fuzhi, Chief Operating Officer of Wusi Media

DEI Practice: Shaping the Future of Workplace with psychological safety as the cornerstone

The Diversity & Inclusion Vision Award will continue to work with enterprises and organizations to promote DEI as an important core of long-term development and create a diverse, equitable and inclusive ecosystem. In addition to the presence of many enterprises, Qiu Shuhua, CEO of Modern Women's Foundation, and Du Yingqiu, CEO of Women's Rescue Foundation, also attended the ceremony, expressing their attention to DEI issues. With globalization and technological advancement, companies need to continue to refine their strategies to ensure that DEI is not only at the conceptual level, but also deeply rooted in actual operations, so that employees can truly feel the positive transformation of the workplace.

The actual actions of the award-winning companies in the field of DEI have also been collected into selected practice cases and published on the official website of Wusi Media, and we look forward to the enterprises observing each other's progress, on the basis of having DEI knowledge and professionalism, and further implementing them at every organizational level, so as to truly realize a diverse, inclusive, fair and mutually helpful working environment, and create a more belonging and psychologically safe workplace culture for all talents.