Women and ethnic minority employees contribute more profit for companies, reveals study Research found that just 2% diversity at board level increases business profits (Picture: Getty Images) COMPANIES THAT have higher gender and ethnic diversity perform better by up to 35%, a new study has shown. Published by Urban Edge Capital (UEC), proven research validated by studies from the McKinsey and Boston Consulting Group suggests that companies with more women and ethnic minorities are excelling with a 2% diversity mix at board level delivering 12% generating more earnings. The Environment Social Governance (ESG) market is over $12 trillion in global managed assets up by 38% since 2019, yet no one has managed to tackle diversity and inclusion within the social of ESG.