"Banter" in the workplace is the top concern for LGBT+ individuals joining the investment industry, according to a survey conducted by LGBT Great in collaboration with LGBT Capital.
The research, which surveyed 100 LGBT+ individuals within the investment industry, found 40% of respondents said they had either heard of or experienced homophobic or transgender "banter" at work while 25% said they were considering leaving their employer as a result.
In order to tackle this issue, the report said organisations needed to define what "banter" means and launch awareness training internally to increase levels of consciousness.
Another key issue was LGBT+ policy formation and implementation as only 50% of respondents are currently aware of LGBT+ policies in place at their firms while 42% said they did not know.
The report said it was important for firms to issue feedback forms for LGBT+ employees while also conducting a review of policies and communicating these across the organisation.
Other key issues the report highlighted was a lack of LGBT+ role models and a wider push for inclusion in order to attract talent.
"The lack of LGBT+ inclusion in the sector means that there is a real problem when it comes to talent," it said. "This ripple effect could also mean less returns for investors.
"There is significant work to do to truly embed equality and workplace inclusion," the report continued. "Science says so.
"The good news is that there is some appetite for change but what we can conclude is that such large homogeneity is a key barrier to the diversification."
Paul Thompson, founder of LGBT Capital added: "Our research has shown that there is a business benefit to LGBT+ inclusion and having a diverse workforce and we believe this initiative will support the development of LGBT+ inclusion within the industry."
LGBT Great is an initiative created by Matt Cameron of The Ocean Partnership, which provides a network for LGBT+ persons in the investment industry.
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