. For example, at the direct-reports level, 59 percent are women and 19 percent are ethnic minorities.However, at the more senior levels of executive leadership, those numbers drop off. Of the companies taking part in the study, 48 percent of the businesses have no ethnic minority representation on their boards, and 51 percent have no ethnic minority on their executive committees.
“Our research found that while there is an appetite for progress, and a number of excellent initiatives in place across the sector, there is still some way to go to,” wrote Huw Llewellyn-Waters, director, consumer goods practice at The MBS Group, in the study. “After all, with an evolving industry identity, and a large proportion of women in the customer and employee base, the beauty sector is particularly well-placed to progress on DE&I — and to quickly see its benefits.
Less than 50 percent of companies contacted actually took part in the study, which points to DE&I being an underdeveloped topic in the beauty industry. To help fill in the information gaps, the study included publicly available and verified data.