Nordic Business Diversity Index 2024

The Nordic Business Diversity Index, by Impaktly, stands as the most extensive ranking in researching senior leadership diversity within Nordic Nasdaq-listed companies. Since its inception in 2019, this Index has been instrumental in painting the picture of what senior leadership looks like in the Nordics. 

The most extensive ranking for measuring senior business leadership diversity in the Nordics 

The Nordic Business Diversity Index is more than just a set of data; it is a mirror reflecting the current state of senior leadership diversity across the Nordic region. It raises discussions, questions, and drives action towards addressing the issue of homogeneous leadership in large organisations. 

Scope and Methodology 

This Nordic Business Diversity Index 2024 examines publicly reported diversity aspects in the Board of Directors and Executive Management teams of companies listed on NASDAQ in Helsinki, Stockholm, Copenhagen, and Iceland. The mission is clear: to bring data-driven awareness to the diversity of leadership in large organizations. 

What is Nordic Business Diversity Index measuring? 

Aspects of diversity that are publicly available and reported on the Board of Directors and Executive Management teams by the over 600 listed companies in Nasdaq Helsinki, Stockholm, and Copenhagen. These metrics are Age, Nationality, Binary Gender, and Educational Background. We want to base our Index on publicly available information and highlight the importance of transparency when we talk about senior leadership. Even with some gaps and differences in disclosure between the Nordics, this set of metrics seems to be most commonly used by companies when disclosing background 
information on Executive Management and Board of Directors. These metrics are also defined in the Corporate Governance Code of the Finnish Securities Market Association as those to be considered when defining diversity principles for Board of Directors. 

Impaktly - Behind the Initiative 

Behind this Nordic Business Diversity Index is Impaktly, a sustainability consulting group dedicated to helping companies integrate sustainability into the core of their business. Impaktly's expertise spans a wide range of critical topics, from climate action and circularity to diversity, inclusion, and human rights. 

The Nordic Business Diversity Index sends a powerful message: opportunity and success should not be confined to a narrow, homogeneous group. Empowering those traditionally marginalized and encouraging us to confront our unconscious biases. It is a call to learn from and appreciate those who are different from us.