CFMA's Position on DEI+
At CFMA, we are committed to promoting a safe, welcoming, diverse, and inclusive environment for all members and employees. According to the Equal Employment Opportunity Commission (EEOC), discrimination against marginalized workers, particularly women and people of color, is prevalent in the construction industry. As the federal agency responsible for enforcing anti-discrimination laws, the EEOC has been actively investigating and providing guidance to address this issue. The EEOC's focus on the construction industry would suggest a need for the industry to address this issue. We recognize personal views about diversity, equity, and inclusion (DEI) vary depending on your journey.
To further our DEI efforts and ensure that everyone at CFMA is visible and included, we utilize strategic demographic questions when considering education, content, and resources for our members. Our Listen. Learn. Lead. campaign aims to help construction financial professionals incorporate DEI initiatives into their workplace culture, fostering an environment where employees from diverse backgrounds can work together with respect, dignity, and fairness.
DEI is not only the right thing to do, but it also has financial benefits. Research has shown that diverse companies experience higher cash flow per employee and are more likely to be profitable compared to the industry average. Companies with diverse boards are also more likely to be innovative and creative, leading to better overall results, increased employee performance, and higher levels of employee satisfaction. DEI initiatives also help with talent retention and recruitment by reducing turnover and increasing employee productivity, leading to growth in market share in an industry where recruitment and retention are of the utmost concern.
CFMA is committed to creating a culture that promotes DEI at all levels. We strive to foster an environment where all members feel valued, respected, and included regardless of their race, color, religion, sex, national origin, age, gender, or disability. CFMA is dedicated to providing equal opportunities for career growth and advancement, and we will continue to listen, learn, and lead in our efforts to promote DEI in the construction industry and within our organization.
We encourage all our members and partners to join us in our commitment to DEI, as we work toward creating a more inclusive construction industry and a better future for all.