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Developing a DEI Strategy and Roadmap

Developing a DEI Strategy and Roadmap

What Our Toolkit Addresses

This toolkit will:

  • Provide guidance on how to take charge of your organization’s DEI efforts.
  • Highlight strategies to support transparency in diversity, equity, and inclusion.
  • Underscore the importance of establishing metrics and tracking KPIs to measure success.
  • Spotlight SFA member companies that are creating inclusive workplaces.
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“DEI strategies like all important business strategies are necessary to set a roadmap for transparency and success. DEI strategic goals should have buy-in at the highest levels; reflect specific, measurable and sustainable goals; have a plan to track successes and challenges; and determine communication channels within the organization.”

Aisha Greene

Director of Attorney Development & Training,
Cadwalader, Wickersham & Taft LLP

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Building a Roadmap: SFA Members in Action

Implementing DEI into a business strategy is beneficial towards the retention of diverse employees but should always be done through a lens of intersectionality.

  • By focusing on intersectionality, you can better assess the needs of diverse employees and clients, while also recognizing that our inherent differences can be our greatest strength.
  • Companies should use DEI metrics to better allocate resources towards marginalized groups within their workforce.

Which DEI Metrics Matter Most?

  • 54% of companies from a Syndio report claimed their DEI programs have become a much higher priority since 2020. Track dollars allocated to recognize whether the funding is significant enough to make an impactor consistent enough to remain stable.
  • Keeping track of the number of diverse employees within a company is a good start to building a DEI roadmap; however, it must also come with being cognizant of the percentage of diverse employees in positions of leadership.
  • Buy-in from senior leadership is required when building any DEI roadmap. It is important to keep track of leadership attendance of DEI events, as well as note when leaders sponsor or co-chair ERGs.

Source: Senior Executive

Pillars of Building a Roadmap

Focusing Your Team for Success

Doneene Damon, President and Director at Richards, Layton, & Finger discusses strategies that can used to maximize the impact of your organization’s DEI efforts.

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Looking Around for Where to Start

In part two of our interview with Doneene Damon President and Director at Richards, Layton, & Finger, learn more about what companies are doing to build their own DEI roadmaps.

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Centering Your Organizational DEI Goals

Christabel James, Managing Director at RiskSpan, explains how RiskSpan created their DEI goals and where your organization can start in building its own DEI strategy.

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Toolkit Resources

SFA’s inaugural DEI Symposium: Investing in the Next Generation brought together over 130 engaged participants to discuss sustainable strategies for attracting the talent of the future.
By releasing diversity data for your organization to the public alongside goals for the future, you can help employees, as well as stakeholders, understand where your company is currently and where it hopes to be soon.
Adding a resource to your organization’s website where individuals are offered the opportunity to share feedback or request additional information regarding DEI efforts allows for a Culture of Transparency internally, as well as externally.
Creating an internal Advocacy Response Team will assist your organization in focusing its DEI efforts to align with issues that matter most to your employees and stakeholders.
Create diversity initiatives that increase employee engagement while generating organizational awareness for DEI issues aligned with the company’s mission.
Analyzing diversity in leadership within your organization/industry and setting attainable goals for the near future will help lay the groundwork for your DEI strategy.
Steering committees led by diverse leadership can help drive your organizational DEI mission and keep it relevant to what matters most to your employees and your clients.

Our Contributors

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This toolkit provides customizable resources based on research and best practices to support individuals, team leaders, and organizations in navigating the evolving DEI landscape, fostering inclusive growth and meaningful change.

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